Area builds up new economic drivers

(chinadaily.com.cn) Updated: 2018-04-10

Policy initiatives, including an 'innovation coupon', support emerging industries, Yuan Shenggao reports.

The Weifang Hi-tech Industrial Development Zone, a national economic development zone launched in 1991, has established a strong position among such zones in China over the past 20 years.

The zone ranked No 22 among 147 national-level development zones in terms of comprehensive development strength in 2017, an improvement on its ranking of No 23 in 2015.

The zone focused on deepening reform and promoting innovation in the 12th Five-Year Plan period (2010-15), vowing to continue to strengthen its economic position in China.

It has long been striving to maintain regional competitiveness. The zone has created an atmosphere in which staff members freely share opinions and turn ideas into reality in their daily work.

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A technician with Shengrui Transmission assembles an 8-gear auto transmission unit. [Photo provided to China Daily]

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