Shandong recently undertook construction of some major projects as a beginning of the transformation of new and old kinetic energy in the province.

Project construction is the engine of economic growth and a booster for transformation and upgrading. To support industrial development Shandong has established a major project library with 900 projects.

In the future, Shandong will determine ten key development areas each year and select about 100 provincial key construction projects from the project library, which is called the “10+100” project promotion mechanism. It will finally form a major project system based on the top ten industries.

The projects have new technology, new industries and new models at their core. They focus on the real economy, the top ten industries and major infrastructure, and can be expected to inject strong momentum into the transformation of new and old kinetic energy in Shandong.

Emerging industries are the key to developing new kinetic energy and winning new competitions in the future. Shandong is accelerating the promotion of major projects in emerging industries.

Under the leadership of leading companies and driven by the demand for new technologies and new markets, a large number of high-tech industries that have triggered major changes in the industrial system are accelerating.

Today's quality project is tomorrow's advanced productivity. As a “new business card” in the high-end equipment manufacturing industry and a "locomotive" that pulls the development of high-speed train technology and industry, the National High-speed Train Technology Innovation Center has an unusual identity. It is the first national technology innovation center approved by the Ministry of Science and Technology and the State-owned Assets Supervision and Administration Commission.

It is an international and professional technology innovation platform jointly built by governments, scientific research institutes, universities and enterprises. The project was jointly developed by China Railway Rolling Stock Corporation (CRRC) and Qingdao EMU Town Investment Group. The CRRC platform project, which will start construction this year, has a total investment of 6 billion yuan ($940.8 million). It mainly builds national engineering laboratories for system integration of rail transit vehicles, high-speed maglev test centers and high-speed maglev test centers.