Heze city in Shandong province has been ramping up efforts to promote the development of key industries so as to fuel the city's high-quality development, local media reported.

The city has chosen biomedicine as a core industry, and is working to hasten the development of an entire industry ecosystem.

Heze Modern Medical Port [Photo/WeChat account: hezefabu]

Heze Modern Medical Port, one of Shandong's key projects, is Heze's main focus for developing the biomedicine industry. The port consists of industrial parks for biomedicine, medical equipment and big health with international standards, aiming to build a big health industry technology cluster worth 100 billion yuan ($15 billion).

Heze Modern Medical Port has established an industrial equity investment fund of 1 billion yuan to support the high-quality development of biomedicine industry. Seven new projects were signed at the port, bringing the total number of signed projects to 45, with a total investment of nearly 14 billion yuan.

A researcher works at a lab in a pharmaceuticals company in Heze. [Photo/WeChat account: hezefabu]

It is estimated that the city's biomedical enterprises above designated size can achieve an operating revenue of 27.85 billion yuan in the first half of this year, a year-on-year increase of 27.4 percent.

Heze has been building the "231" characteristic industry system, which means "two core industries" of biomedicine and high-end chemicals, "three advantageous industries" of agricultural and sideline product processing, mechanical and electrical equipment manufacturing, and trade and logistics, and a number of "emerging industrial clusters" for new energy and materials, new-generation information technology, and modern services.

A pharmaceuticals company in Heze [Photo/Dazhong News]