Dongying promotes technological upgrading of manufacturing industry
China DailyIn recent years, Dongying has intensified efforts to promote industrial restructuring and encourage enterprises to accelerate technological upgrading. Since 2020, Dongying has set up a special annual fund worth 300 million yuan for three consecutive years to support the technological transformation of enterprises. Over the past two years, the city provided 693 million yuan to support 219 technological upgrading projects, which also propelled 13.67 billion yuan of nongovernmental investment. The city also encourages key industries to use the industrial internet, 5G, and other new generation information technologies to speed up high-level technological upgrades, transition from traditional manufacturing to intelligent manufacturing, and foster new drivers of high-quality economic development. In 2021, the city's investment in technological transformation in the manufacturing industry increased by 11.2 percent year-on-year, 13.2 percentage points higher than the provincial average.