Shandong province has issued an array of policies on promoting the high-quality development of the real economy, with a special chapter outlining key measures to enhance the deep integration of the digital economy and the real economy.
Zibo, Shandong province, achieved a total gross domestic product of 105.77 billion yuan ($15.65 billion) in the first quarter, growing 4.7 percent year-on-year, according to the city's bureau of statistics on May 6.
Shandong province has encouraged local enterprises to increase investment in artificial intelligence as AI is increasingly perceived as a major driver to increase revenue and accelerate business transformation.
The 2023 HighGo Open World (HOW) was held in Shandong province on April 7, attracting nearly 800 academicians, experts, and representatives from companies to interpret the development trend of the database industry and develop HOW.
Shandong is making every effort to cultivate new drivers in the digital era, promote the integration of the digital economy with the real economy, and gain a competitive edge in digital technologies.
Shandong continues to make efforts in strategic emerging industries such as metaverse, artificial intelligence and virtual reality, and has made remarkable achievements in developing smart manufacturing.
Shandong has been ramping up efforts to build itself into a great modern socialist province in all respects and to contribute to the rejuvenation of the Chinese nation on all fronts through a Chinese path to modernization, said local authorities.