Jinan, capital of East China’s Shandong province is playing an increasingly important role in fostering new growth drivers to underpin China’s development following the approval of the city’s start-up area by the State Council this April.
The Jinan Start-up Area for Growth Drivers Transformation is located in Jinan’s northern area and spans 798 square kilometers. It is the second of its kind in China, following the start-up area of Xiongan New Area in Hebei province.
The region will play a crucial role in promoting the shift of growth drivers from old to new ones in the country’s northern area and accelerate regional integration, said Sun Shutao, Party secretary of Jinan at the fourth China Enterprise Forum.
Jinan start-up area shoulders the two national strategic tasks of the ecological protection and high-quality development of the Yellow River Basin, as well as the transformation of old growth drivers to new ones.
The area will facilitate the high-quality development, ecological protection, and cultural inheritance along the Yellow River and also hasten the collaboration development of Shandong provincial capital economic circle, Sun added.
According to its implementation plan released by local authorities this May, the Jinan Start-up Area for Growth Drivers Transformation aims to develop itself into a green, smart and livable urban area by 2035.
The region plans to develop a modern industrial system integrating modern manufacturing, modern service and cultural industries, to underpin the high-quality development of Yellow River Basin.
As of July 2021, the area was home to 16 of the world’s top 500 companies and had signed 81 projects with a total investment of 254.4 billion yuan ($39.34 billion).
A batch of innovative platforms, including the Shandong Industrial Technology Research Institute, Shandong Advanced Technology Research Institute, is currently under construction, according to Sun.
The area is home to 818 enterprises and R&D institutes, and 52 universities, all of which help cultivate a large talent pool for its industrial development. The current population of talents in the area stands at 2.39 million.
By 2025, the output value of high-tech industries is expected to account for nearly 60 percent of the output value of industries above designated size in the region.
Green construction will be a highlight for the region’s future development. It will give priority to the development and utilization of renewable energy such as geothermal energy, solar energy, as well as biomass energy.
Moreover, the region plans to build an integrated data sharing service system. Digital technologies will be applied in the fields of transportation, medical care, education, pension, social security, community governance.
The region enjoys superior regional advantages, convenient transportation, and favorable business environment, which make it a good place for enterprises to start up and invest.
“I see the bright future of Jinan”, said Riaz Muhammad Mudassar, a journalist from Pakistan CPEC News during his trip to Jinan.
A group of more than 10 foreign journalists were on Sept 29 given a chance to experience the Jinan Start-up Area for Growth Drivers Transformation, and the city’s some famous attractions.