Zhang Baoliang, a deputy to the National People's Congress and mayor of Linyi recently affirmed the city's commitment to building a strong industrial city.

"This year's government work report calls for accelerating the development of a modern industrial system. Linyi in Shandong province will ramp up efforts to build a strong industrial city, and promote green, low-carbon, and high-quality development," Zhang said. "It will strive to achieve effective improvement in both quality and quantity, and strive to exceed 1 trillion yuan (about $145 billion) in industrial output by 2024."

Urban landscape of Linyi, Shandong province [Photo/Linyi Daily]

According to Zhang, Linyi has six major targets, including attracting a group of leading manufacturing companies every year, gathering industrial clusters, as well as launching green, low-carbon, and efficient projects.

Every year, it focuses on attracting a number of Fortune Global 500, China Top 500, and industry leading manufacturing enterprises.

Linyi is a competitive industrial city, which is home to 3,994 industrial enterprises above designated size, with a total output value exceeding 710 billion yuan. It ranks 56th among the top 100 cities of the national advanced manufacturing industry.

Linyi builds a strong industrial city. [Photo/Linyi Daily]

Linyi has developed its trade and logistics sectors. There are 123 professional wholesale markets, 38 logistics parks, and 44 e-commerce parks in the city. It has the largest market cluster in China and the largest livestreaming e-commerce base in North China, with its logistics costs being 20 percent to 30 percent lower than the national average.

The city is also making efforts to coordinate the expansion of domestic demand and deepening supply-side structural reform to create a dynamic balance at a higher level, in which demand drives supply and supply creates demand, creating a virtuous cycle for the regional economy.