Dongying in East China's Shandong province has witnessed a remarkable surge in its economic indicators in the first two months of this year.
Notably, the value added by large-scale industries has maintained double-digit growth for 18 consecutive months, while the growth rate of fixed asset investment ranking first in the entire province. This economic development is marked by an increase in both quality and efficiency.
Behind these achievements lies the city's strategic focus on the construction of a modern industrial system through technological innovation. By placing emphasis on technological innovation, the city has stepped up efforts in scientific research and the application of research achievements toward industrial purposes.
This has expedited the digital transformation of the manufacturing industry, driving enterprises to reduce costs, increase efficiency, and enhance product quality.
Furthermore, the city has identified green development as a pivotal driver for high-quality development, with a focus on coordinating development and security.
The city's digital economy has experienced rapid progress, with the establishment of several prominent digital economy projects. Additionally, efforts to cultivate and expand the new materials industry have accelerated, with an average annual growth rate of nearly 15.9 percent over the past three years.
The offshore wind power equipment manufacturing industry has emerged from its infancy and has nearly formed a full industrial chain, establishing a cluster for offshore wind power equipment manufacturing enterprises.
Dongying's remarkable economic achievements underscore its commitment to innovation, technological advancement and sustainable development, positioning it as a beacon for high-quality economic growth in the region.
