Shandong: A powerhouse in manufacturing
(chinadaily.com.cn)| Updated : 2022-09-01Print Print
The 2022 World Advanced Manufacturing Conference kicked off in Jinan, capital of East China's Shandong province on Aug 31.
In recent years, Shandong has made remarkable achievements in converting old and new growth drivers, technological innovation and digital empowerment. Its strength in high-end equipment, new materials, new medicine, high-end chemicals and other industries makes it a leader in China.
The 2022 World Advanced Manufacturing Conference begins in Jinan, Shandong province on Aug 31. [Photo/Iqilu News]
The robust manufacturing industry is a demonstration of Shandong's confidence and strength in hosting the World Advanced Manufacturing Conference, Dazhong Daily reported.
Shandong is home to a diverse array of industries. The output of more than 100 key products ranks among the top three in China, and that of more than 40 products ranks first in the country.
Shandong is home to 31,600 manufacturing enterprises above designated size, among which 18 have been listed in the 2022 China Top 500, and 362 have been named as national "little giant" companies, the third most in the country.
In 2021, the operating revenue of Shandong's industries above designated size reached 10.2 trillion yuan ($1.48 trillion), the third highest in the country, with its manufacturing industry reaching 9.2 trillion yuan.
In the first half of this year, the added value of the high-tech manufacturing industry in Shandong grew by 15.5 percent, 10.7 percentage points higher than that of industries above designated size.
An automobile manufacturing production line in Qingzhou, Shandong province [Photo/VCG]
The world's first high-speed maglev train, with a top speed of 600 kilometers per hour, rolls off the production line in Qingdao, Shandong province, on July 20, 2021. [Photo/VCG]