Jinan Is Striving For A New Industrial Development Landscape

(MENAFN-TIMESNEWSWIRE) JINAN, China /TIMESNEWSWIRE / February 21, 2023 -- Jinan, the "city of springs," is rapidly growing as urban development advances. After successfully joining the "GDP trillion yuan club" in 2020, Jinan will exceed 1.2 trillion yuan in 2022 to reach 1,202.75 billion yuan, up 3.1% in constant prices over the previous year.

Jinan leads the entire province of Shandong in terms of total economic output and ranks first in the country's group of cities with trillions of yuan in terms of growth rate. What is the secret of the high economic growth of Jinan? A lot of important information recently appeared at a press conference in Jinan.

On February 1, Jinan held a series of press conferences on the theme of "Focusing on Enterprises, Pooling Resources, Expanding Development Opportunities". The conference focused on industrial activities in Jinan and measures for sustainable industrial growth. According to the head of the Jinan Municipal Bureau of Industry and Information Technology, the high economic growth of Jinan in 2022 depends on the increasing supportive role of the industrial sector in maintaining sustainable economic growth.

So how did the industrial sector support the rapid growth of Jinan as a trillion-yuan city?

Emphasis on the industrial base

Jinan, known at home and abroad as the "city of springs", is also an important industrial base in China. The industrial sector has always been an important pillar for the city's strong growth as a trillion yuan city.

Looking back at Jinan's glorious industrial history, many machinery, cast iron, wrought iron and gunpowder factories laid the foundation for modern industry at the end of the Qing Dynasty.

After the founding of New China, Jinan became one of the most important industrial cities in the country. Jinan Iron and Steel Works was once the most famous production base of medium and heavy thickness colored sheets in China, and bears the complete industrial memory of Jinan since the founding of New China.

In the following years, many important new-generation devices, such as the return capsule of the Shenzhou spacecraft, the domestically produced C919 large aircraft, and the moving high-speed train, carried the seal of Jinan's industrial success.

Although 2022 was an exceptionally difficult year, Jinan's industrial industry was still under tremendous pressure, according to relevant department officials in Jinan. This has greatly contributed to maintaining the stable economic growth of the whole city. The data shows that the added value of large-scale industries in Jinan grew by 1.6% in 2022, and 24 of 41 major industrial categories increased year on year. 58.5%.

In addition, the four major industries of Jinan continued to grow in the past year. New strategic industries such as integrated circuits and new energy vehicles flourished, and the city won the title of national service-oriented exhibition city, adding four "top ten" provincial industrial clusters and two new provincial strategic clusters.

Indeed, Jinan industry has made great strides in the past decade. In 2023, which is the continuation and new beginning of Jinan's industrial development, the city has set the progress of industrial development as one of the ten important tasks for this year. You will implement a robust industrial city strategy and an innovative strategy for the digital economy.

Impressive results among new growth engines

For good industrial economic development, the development and development of new momentum is the key to showing economic sustainability. In addition to the steady growth of the leading industries, it is also worth noting the growth of Jinan New Industry.

For example, the biological medicine industry, which Jinan has focused on in recent years, is gradually leading the way in the development of new economy.

According to the Jinan Statistics Bureau, the added value of the pharmaceutical industry in Jinan will increase by 12.4% annually in 2022, resulting in a growth of 2.5 percentage points for the large industry, second only to development. Ferrous metal smelting, rolling production and general equipment production increased by 15.9%.

The strong growth of the pharmaceutical industry is the result of several years of development, and the Jinan biopharmaceutical industry has created a distinctive industrial agglomeration effect.

Life Sciences City, Jinan Medicine Valley, and Yinfeng International Bio-City were the key factors that made Jinan the "Chinese Medicine Valley".

By the end of 2020, Jinan High-Tech Zone will gather more than 4,000 biopharmaceutical companies and eight complete industrial groups, including cell & gene group, medical equipment group, anti-aging group and medical beauty group. Combinations of traditional chinese medicine and traditional chinese medicine are created.

While the biopharmaceutical industry is booming, the digital economy is also giving wings to industrial development in Jinan.

Relevant data shows that the major digital economy sectors in Jinan accounted for more than 17%, and the ratio of digital economy to GDP reached 47%, ranking sixth in the 2022 national city rankings.

Jinan is the first city in the country to propose building a digital pilot city. After many years of efforts, Jinan's digital economy has achieved many results. For example, Jinan ranks first in server production and sales in the country and second in the world, and more than 50% of China's AI computing power is located in Jinan.

In addition, in 2021, Jinan issued the "Accelerate the Development of Digital Quality and Build a Pilot City Digital Promotion Plan", according to which Jinan's digital economy will reach the trillion level by 2025, accounting for more than 50% of GDP. Digital manufacturing and the scale of industrial digitization will reach 700 billion. Jinan's level of digitization will be among the highest in the country.

Create a new industrial landscape

In recent years, Jinan has moved the old industrial zone to the east of Jinan to take advantage of new development opportunities, and the industrial industry is showing a more active "new location".

For example, the creation of specialized, comprehensive and innovative startups has been accelerated, and a three-tier incubation system has been established at the city, county and national levels. Over the past year, 50 new "small giant" enterprises have emerged nationwide in specialized, complex and innovative industries, which is 1.43 times more than last year's figure. At the provincial level, the number of high-tech, innovative and innovation-oriented small and medium-sized enterprises is more than 20% of the total in each province. Eight companies on the 2022 China 500 Manufacturers List ranked first in Shandong Province.

According to the "Three-Year Action Plan for Deepening the Transformation of New and Old Kinetic Energy and Promoting Green, Low-Carbon and High-Quality Development in Jinan (2023-2025)", in the next three years, Jinan will focus on creating a deeper transformation of new and old kinetic energy and promoting low-carbon and high-quality green development Quality and "leadership" efforts in ten areas.

The industrial sector is the backbone of the city's development and the key to gaining new dynamism. With the new flights coming, the development of Jinan opens the way for the imagination.

(Li Xiaotong, Hua Shan, Hu Yawen)

Explores the role of illicit financial flows in Zimbabwe's political economy.