Tai'an sets eyes on high-quality industrial economy

Updated: Aug 4, 2023 Print
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Tai'an in Shandong province held a media tour from Aug 1 to 2 to showcase its achievements and experiences in developing new-type industrialization.

Tai'an has since 2022 implemented several policies to promote new-type industrialization.

Statistics show that the GDP of Tai'an reached 319.81 billion yuan ($44.67 billion) in 2022. From January to May this year, the city's industrial investment increased by 31.9 percent year-on-year, 21.7 percentage points higher than the provincial average and the second highest in Shandong in terms of growth rate.

Launched on June 16, Taishan Industrial Reception Hall is one example of the city's endeavor in advancing new-type industrialization.

The hall, which has display areas for 13 industrial chains, has issued 1,421 policies at all levels and published 154 financial products. It covers five major functional sections: Tai'an overview, work dynamics, investment promotion, enterprise service and the supply-demand matchmaking platform for local products.

The hall serves as an integrated platform for investment resources, provides a closed-loop mechanism for handling appeals, promotes close collaboration in the industrial and supply chains and serves as a beneficial force for the development of enterprises. 

Other key measures Tai'an has taken to develop new-type industrialization include doubling the main business income and the number of industrial enterprises above designated size, formulating a package of inclusive policies and providing support for characteristic industrial projects, parks, enterprises and platforms through tailored services.

A series of projects were also launched in the first half of this year. For instance, Shandong Taikai Investment Casting, Tai'an Taihe Electric Equipment and Tai'an Taishan High-voltage Switchgear have cooperated to produce core components of high-voltage switches.

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