Jining signed three major projects worth 1.05 billion yuan ($152.67 million) at the city's sub-venue for the Europe Special of the "Connecting Shandong with Fortune Global 500" serial event held on Aug 27.

The city of Jining, Shandong province [Photo/dzng.com]

The German-based Leoni Group, Europe's third-largest wire producer, will invest 300 million yuan to set up a research center in the Jining National High-tech Industrial Development Zone.

In addition, a high-end precision CNC machine tool industry project will receive an investment of 700 million yuan at the Sino-Europe (Jining) International Cooperation Industrial Park.

The third project is an intelligent equipment project in the Yanzhou Industrial Park in Jining, which will be built by Aircrete Europe, a global leader in AAC panel applications, at a price of 50 million yuan.