Dongying, located in East China's Shandong province, is an industrial city with a strong focus on industrial development and upgrading.
From January to October this year, the city's industrial output of firms above designated size increased by 9.5 percent year-on-year, the fastest growth in the province.
Dongying has been recognized as a key city at the provincial level for industrial development and upgrading, with focused efforts on five key areas.
The city places a strong emphasis on industrial growth and values entrepreneurs, fostering a clear industrial orientation. For the past five years, the local government has allocated 300 million yuan ($41.2 million) annually in industrial incentive funds to provide comprehensive support in technological transformation, digital upgrades, and innovation within enterprises.
Dongying concentrates its resources, policies, and talent on key projects. Each year, multiple projects with investments exceeding 10 billion yuan are put into operation.
The city is transforming and upgrading its petrochemical industry while promoting emerging sectors. In the first three quarters, revenue in the new materials sector grew by 18.4 percent, and the pharmaceutical industry saw a 42.7 percent increase in added value. Additionally, Dongying is making strides in developing future industries.
Dongying has also initiated a major expansion of its core digital economy industries and accelerated the development of digital infrastructure. The city has launched 8,832 5G base stations, and the Dongying City Computing Power Center is now up and running. In the first three quarters, the added value of the city's core digital economy industries grew by 112.8 percent year-on-year.
The city has implemented the leading enterprise cultivation program, with 13 companies ranked among China's top 500 enterprises and 15 in the top 500 private enterprises, both of which lead the province.
Through these efforts, Dongying is poised to continue its rapid industrial development and play a key role in driving regional economic growth.
