Shandong: The pace of transforming the driving force of the rapid growth of the "Four New" economy is accelerating

According to a press conference held by the Shandong Provincial Government on the 28th, in the first three quarters, the role of new technologies, new industries, new formats, and new models in promoting Shandong's economy gradually emerged. The proportion of investment in the "four new" economy reached 43.1%, an increase of 2.3 percentage points from the first half of the year.

Yu Chenghe, Deputy Secretary General of Shandong Provincial Government and spokesperson for the provincial government, introduced that in the first three quarters, Shandong's new energy projects continued to grow, with the number of new generation information technology manufacturing, high-end equipment, new energy materials, and high-end chemical construction projects accounting for 69.8% of the total manufacturing industry, an increase of 6.4 percentage points year-on-year.

Shandong focuses on digitalization, networking, and intelligence, and uses new scientific and technological achievements such as the Internet, big data, and artificial intelligence to speed up "ten thousand technological transformations" and promote "ten thousand enterprise transformation". Since this year, it has implemented 6543 technological transformation projects with an investment of more than five million yuan, further promoting the expansion of the industrial chain to high-quality and high-end.

In the first three quarters, the added value of emerging industries such as new generation information technology, high-end equipment, and new energy and materials in Shandong increased by 5.2%, 4.6%, and 3.2% respectively. High tech manufacturing industries such as aviation, spacecraft and equipment, electronics and communication system equipment maintained rapid growth, and the proportion of high-quality and technologically advanced products further increased.

It is reported that the service industry in Shandong is growing well and has become the leading force supporting economic growth and transformation and upgrading. In the first three quarters, the service industry accounted for over half, contributing 77.0% to GDP growth and driving economic growth by 4.1 percentage points. From January to August, the operating revenue of service industries above designated size increased by 9.3%, with over 70% of industries experiencing rapid growth. Key service industries such as the Internet and related services, business services, software and information technology services maintained double-digit growth, and the three industries contributed 36.0% to the growth of service industries above designated size.

Information source: China Government website

Editor He Yang of this website/Organizing