Lately, 162 new projects with a total investment of RMB 77bn have started construction in Dongying, Shandong, covering fields such as high-end equipment, new energy, and new materials. When these projects start production, they will stimulate the city’s robust momentum in green, low-carbon, and high-quality development. To promote the “introduction” of high-quality projects, Dongying has devised a plan around key industries to precisely attract projects key to the chain. For traditional industries such as petrochemicals, tires, and nonferrous metals, it focuses on introducing projects that can strengthen the chain or help with upgrading. For emerging industries such as new energy, new materials, and biomedicine, it prioritizes projects that can improve or complement the chain. It also has released the Full Life Cycle Service Guide for Business and Investment Attraction Projects, filling the gap in China’s investment attraction standards.

Dongying provides factor support based on projects and has been reinforcing the role of the government in offering guidance for investment. It is striving to issue special bonds worth RMB 11.111 billion in three batches, with special bonds of RMB 7.799 billion already issued, to support the construction of 69 projects.