The output value of the high-tech industry above designated size in Zibo increased by 24.17 percent year-on-year, according to statistics released by the Shandong Provincial Government.
China's huge economy, its bright prospects and the government's unwavering efforts to open the domestic market wider to the rest of the world make the country increasingly attractive to foreign investors, despite the impact of COVID-19, experts and business leaders said on June 14.
Zibo municipal bureau of industry and information technology held a meeting to promote the SD30 servo direct drive CNC screw press, a large tonnage screw press developed by Zibo Sangde Machinery Equipment Co Ltd on June 9.
Zibo is surging forward with its high-level innovation during the 14th Five-Year Plan period (2021-25).
Since 2012, Shandong has been ramping up efforts to phase out backward and excessive production capacity in an effective way, transform and upgrade traditional industries to promote high-quality development.
Chinese machinery giant Sany Group has launched its battery swapping stations, setting an example for the heavyweight manufacturing industry in green solutions for electric heavy trucks.
Zibo – in East China's Shandong province – is pushing hard for a low-carbon future and last year it supported plans for the allocation of 64,000 tons of clean coal for civil use, exceeding the target.
Production equipment for a biological food and beverage manufacturing factory currently under construction by Shandong Gugan Food Co Ltd was being welded and installed on May 15.
