Taishan district in Tai'an has been bolstering its efforts to develop key projects recently.

The national printing and dyeing technology innovation center, which is located in Taishan district, is focusing on industrial transformation this year. It has invested 1.2 billion yuan ($178.68 million) to build an industrial base, which is expected to achieve an annual sales revenue of 2.4 billion yuan after becoming operational.

Taishan district has also been beefing up efforts to boost companies' development. With an investment of 1 billion yuan, Shandong Taikai Power Electronic Co has intelligently upgraded its five production lines, such as its extra high voltage reactor line, and commenced new projects like photovoltaic power generation and energy storage systems.

In addition, Taishan district sticks to the principle of developing one industry in one industrial park, and is stepping up efforts to develop professional industrial parks.

For example, the pioneering area in Taishan Big Data valley, which covers an area of 44.13 hectares, contains office building for research and development and an incubation base. It is designed to attract upstream and downstream companies involved in the digital economy, and form a complete industrial circle integrating data, digital services, and the digital intelligence application industry.

To date, the valley has attracted 126 companies with a total operation revenue amounting to 2.61 billion yuan.