Innovation-driven policies rewarding many firms
3 years ago

Innovation-driven policies rewarding many firms

China Daily  

Weifang Hi-Tech Industrial Development Zone in East China's Shandong province is striving to build itself into a demonstration zone for innovation-driven development and a pilot zone for high-quality development, local officials said. For example, Weichai Group, one of the leading heavy truck and component manufacturers in China, launched the world's first commercial diesel engine with thermal efficiency surpassing 50 percent, last year. Weichai Power is another company in the zone awarded first place at the National Science and Technology Progress Awards in 2018, for its project of key technologies and applications of heavy-duty commercial vehicle powertrains. In addition to national prizes, the zone's companies have won 26 prizes at the Shandong provincial science and technology progress awards and 101 prizes at the Weifang science and technology progress awards, both ranking first in the city.

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