Shandong Changyi: Accelerated project construction key to high-quality development

By Li Jiaying| (| Updated : 2023-12-25

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The factory of Yaxing Chemical in Changyi, a county-level city in Weifang, Shandong province. [Photo/]

At a production line of new materials in Changyi, a county-level city in Weifang, Shandong province, workers are busy fulfilling orders in an organized and efficient manner.

"The regular on-site coordination and timely communication with local government departments have significantly facilitated our operations, effectively boosting project progress and securing time for completion," said Liu Wenpeng, head of the engineering department at Weifang-based Yaxing Chemical.

As major projects usually serve as a robust force and engine for improving regional economic development as well as public services, Changyi has embraced major project construction to underpin its steady economic development and provide robust momentum and support for promoting high-quality development.

From January to October, a total investment of 100.8 billion yuan ($14.1 billion) was put into 183 major projects, with 33 key projects reaching completion and production. All the 37 provincial and municipal-level key projects have commenced, leading to a well-organized order of project advancement, said Sun Zhaoxing, director of Changyi's development and reform bureau, emphasizing the city's focus on swiftly advancing key projects and fully utilizing advanced production capacity.

To further enhance project management services throughout full lifecycle, Changyi has also initiated 16 rounds of bank-enterprise matchmaking activities, benefiting over 700 companies. About 40 billion yuan in loans have been provided to key projects such as the construction of a digital agricultural demonstration park, injecting financial vitality into the city's development.

From January to October, the total industrial output value by above designated size entities in Changyi reached 68.53 billion yuan, an increase of 7.4 percent year-on-year. The operating income of industries above designated size stood at 63.61 billion yuan, up 11.4 percent year-on-year.