Jinan Innovation Zone ranks 12th for innovation capability

(chinadaily.com.cn)| Updated : 2021-12-15

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Jinan Innovation Zone [Photo/dzwww.com]

Jinan Innovation Zone ranked 12th among China's top 100 high-tech zones based on its innovation capacity.

The ranking was jointly released by Ciweek magazine, eNet Research and Deben Consultancy. High-tech zones in nine cities in Shandong made the list including Qingdao, Yantai, Weifang, Tai'an, and Linyi.

The list was made based on an area's entrepreneurial environment, innovation-driven development, international environment and resources.

In the first three quarters of this year, the GDP of Jinan Innovation Zone hit 110.68 billion yuan ($17.39 billion), an increase of 12.9 percent. It is for the first time that the region's GDP exceeded 100 billion yuan.

The added value of industries above designated size reached 22.88 billion yuan, up 19.4 percent. Investment in fixed assets reached 44.65 billion yuan, up 12.6 percent year on year.

The region's imports and exports totaled 2.1 billion yuan, accounting for more than 50 percent of the city's total. Its actual use of foreign investment reached $893,000 million, up 132.7 percent year on year.