In recent years, Tai'an city in Shandong has effectively implemented policies and measures to support the development of private enterprises. By focusing on optimizing the business environment, the city has propelled the growth and transformation of the private economy, resulting in a positive development trend across the region.

In 2024, the added value of large-scale private enterprises in the city's industry grew by 8.9 percent, surpassing that of large-scale industries by 0.4 percentage points. Private enterprises accounted for 74.1 percent of the added value of large-scale industries, an increase of 1.2 percentage points from 2023.

The number of market entities in the city expanded significantly in 2024, with 595,000 private entities accounting for 98.9 percent of the total. Among these, 165,000 private enterprises made up 96.27 percent of all enterprises in the city.

Leading backbone enterprises in Tai'an accelerated their development last year. Eleven companies were selected for the 2024 list of Shandong's top 200 private enterprises, and 20 national manufacturing champions emerged.

In 2024, Tai'an continued to improve its business environment. The city optimized government services, streamlined procedures, and consolidated eight related matters, such as enterprise deregistration and tax deregistration, into one process, reducing the approval time from 24 days to just one day. Innovative initiatives like the one-stop project approval compressed the approval time from 21 working days to five days, speeding up the process by 76 percent. These efforts have created a favorable environment for private enterprises and entrepreneurs to work and develop.