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Shandong Implements Another Series of Incentive Policies to Promote Stable Industrial Output with Efficiency Improvement

Source：Haibao News 08-06-2024 14:46:22

In the first half of 2024, the growth rate of the value added of industrial enterprises above the designated size in Shandong Province was 2.5 percentage points higher than the national average. To further consolidate the positive growth trend of the industrial economy, Shandong has issued Several Policies and Measures on Further Pursuing Economic Progress While Ensuring Stability and Improving Quality. This marks the start of the province's efforts to implement another series of incentive policies to promote stable growth in industrial output with efficiency improvement.

In recent years, Shandong has been optimizing the ways to transform innovation achievements and selecting and promoting new products and technologies with high standards. By doing so, Shandong strives to provide strong backing in innovation R&D for enterprises who are concerned about the economic losses that may be caused by market uncertainties. Meanwhile, Shandong's such recognition of product strength and market prospects can encourage enterprises to accelerate technological innovation and industrial upgrading and improve independent innovation capabilities and core competitiveness.

Financing assistance for enterprises is another focus of the document. In this year, Shandong has constantly organized investment and financing roadshows and matchmaking activities and innovatively implemented comprehensive financial services around industrial chains and supply chains. Notably, focused on meeting the financing needs of small and medium-sized specialized and sophisticated enterprises involved in the chains, Shandong has carried out characteristic credit, effective investment and listing cultivation in a targeted manner.