Workers assemble a truck at a car manufacturing company based in East China's Shandong. [Photo/IC]

East China's Shandong province recently issued an action plan to bolster the development of its manufacturing industry during the 14th Five-Year Plan (2021-25) period, local media outlets reported.

The province is aiming to build a modern manufacturing industrial system with its own characteristics by the end of 2025. The value-added of the manufacturing sector is expected to account for over 28 percent of the province's GDP.

Shandong will focus on 10 major tasks, such as promoting innovation, improving industrial structure, utilizing digital technologies, ensuring safe production, boosting green efforts, as well as strengthening international cooperation.

Some inefficient companies in the steel, coke, cement, tire, refining and chemical sectors will be phased out, while concerted efforts will be made to develop emerging industries like information technology, high-end equipment, new materials, and medicine.

In addition, Shandong plans to give priority to a number of future industries including life sciences, flexible electronics, aviation, and aerospace. Industries like textile, food, home appliances, and papermaking have been urged to push ahead with their digital transformation.

The Shandong government will also implement 19 measures related to taxation, finance, talent, and business environment to provide support for the high-quality development of its manufacturing sector.