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Industry Becomes the Primary Driving Force for Economic Growth in Linyi

Source：Haibao News 01-21-2025 09:00:00

In 2024, Linyi was resolutely pursuing its goal of a trillion-yuan industrial sector, with the addition of 841 new industrial enterprises above the designated size, the highest in the province. The industrial sector has emerged as the leading force driving economic growth in Linyi.

Traditional industries have been rejuvenated and upgraded. Efforts were made to boost technological transformation, production and marketing connectivity, and the integration of information technology and industrialization. The output value of the eight major traditional industries is expected to grow by about 6%, reaching 740 billion yuan. Strategic emerging industries have made concentrated breakthroughs. Industries such as new energy, new materials, and new energy commercial vehicles saw rapid development. Several major projects, including Shandong Iron & Steel Group Yongfeng Lingang Corporation's ultra-thin plates, Guo Hua Jin Tai (Shandong) New Materials Technology Co., Ltd.'s photovoltaic glass, and Shandong Kehan New Materials Co., Ltd.'s new materials, have been completed and put into production. Projects like Shandong Jiashu Intelligent Technology Co., Ltd.'s gallium nitride single-crystal substrates and Nanjing Zhongke Raycham Laser Technology Co., Ltd.'s laser additive manufacturing have begun trial production.

The quality and effectiveness of investment attraction have been enhanced. Investment promotion conferences were held in the Beijing-Tianjin-Hebei region, the Yangtze River Delta, and the Greater Bay Area. A total of 2,250 projects were signed throughout the year, and 2,100 new projects were started, representing increases of 28% and 19%, respectively. The funds in place for ongoing projects reached 135 billion yuan. In total, 438 projects were started and completed within the same year, generating an output value of 9.35 billion yuan.