The year-on-year growth of Shandong’s industrial added value above the designated size reached 7.1% for the first three quarters of this year, and this achievement is closely tied to the province’s leading position in industrial digital transformation. Prioritizing the enhancement of the digitization rate in critical links enables enterprises to detect order changes more quickly and optimize their production and business strategies promptly.

This October, the Fourth Qingdao Multinationals Summit was held, which featured a digital economy promotion event. A total of nine representative foreign-funded projects in the digital economy sector were signed during the event, with a combined investment of approximately USD 230 million. In recent years, Shandong has continued to drive comprehensive transformation through digital reforms. It has advanced digital industrialization, industrial digitization, data valuing, and governance services digitization in a coordinated way. Furthermore, it has actively focused on key areas and critical links, striving to promote continuous expansion of the digital economy. In 2022, the total size of Shandong’s digital economy surpassed RMB 3.9 trillion, accounting for over 45.0% of the regional GDP. Shandong also ranked first in the nation in terms of industrial digitization level and the index of digital transformation in the manufacturing sector.