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Dongjiakou Economic Zone continues high-quality development

(chinadaily.com.cn) | 2021-03-29

The Dongjiakou Economic Zone in Qingdao, Shandong province has been ramping up efforts to further high-quality development and integrate into the new development paradigm, said local authorities.

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The Dongjiakou Port area of Qingdao Port in Qingdao, Shandong province [Photo/IC]

According to official statistics, in the first two months of this year, 27 industrial enterprises above designated size in the zone generated 5.46 billion yuan ($831.01 million) in total output, up 30.5 percent year-on-year.

Over this period, the zone's actual use of domestic capital reached 1.09 billion yuan, accounting for 10.67 percent of its annual target, while foreign investment in actual use stood at $47.29 million, accounting for 18.2 percent of the annul target.

The zone has launched a slew of measures to boost investment and trade and advance the construction of key projects for the 14th Five-Year Plan period (2021-25).

Since the beginning of this year, the zone has introduced five new projects with a total of 26.44 billion yuan in investment.

By the end of this February, eight key projects with a total of 5 billion yuan in investment had started construction in the zone. The new projects will help promote the high-quality development of the local manufacturing sector and accelerate the replacement of old growth drivers with new ones, according to local officials.

"Support teams formed by government officials have been assigned the responsibility of overseeing key projects in the zone to ensure that any difficulties in the construction process can be solved in an effective and efficient manner," said Yang Guangsheng, a senior official from the Dongjiakou Economic Zone Management Committee.