On November 23, the Information Office of Shandong Provincial People's Government held a press conference. It was announced that Shandong had stepped up reform and innovation in project planning and reserve, internal recruitment and external introduction, investment management and other aspects to promote rapid growth in total investment and continuous optimization of investment structure. From January to October, Shandong's fixed-asset investment increased by 5.3% year on year, 2.4 percentage points higher than national average. Investment in manufacturing increased by 11.3% and investment in high-tech industries increased by 33.8%.

To optimize the supply structure by increasing investment, Shandong has determined the investment orientation, optimized the investment structure, and set up a provincial investment operation headquarters. It has also established an investment operation coordination mechanism with horizontal department cooperation and linkage at all levels.

From January to October, 15,000 province-, city- and county-level key projects had attracted investment of 2.38 trillion yuan, accounting for 93.1% of the annual target. Shandong has also coordinated investment to underpin and accelerate industrial development in an immediate manner. This year, 3,922 key projects have been determined to go into operation within this year. So far, 2,915 projects have gone into operation with a new output value of 379.8 billion yuan.