Jinan, China / TimesNewswire /  March 10, 2023 – In recent years, driven by a new round of scientific and technological revolution and industrial transformation, profound changes have taken place in global trade patterns, transaction systems and investment structures, and the digital transformation of the organization mode of global economic activities, which is led by the Digital Economy, is accelerating its evolution. The deep adjustment of the global industrial chain has created conditions for Jinan to fully moves towards the world and accelerate its development.

After experiencing the global economic slowdown and the impact of COVID-19, the economy of Jinan has steadily recovered and gained its momentum, and its economic aggregate has continued to grow. Jinan has been ranked in the “Club of Chinese Cities with GDP Reaching one Trillion Yuan” for three consecutive years. With the release of economic data in 2022, the list of the above-mentioned “Club of Chinese Cities” has also been produced. Jinan is successfully selected with its GDP of 1202.75 billion yuan, exceeding 1.2 trillion yuan for the first time, and its GDP growth rate is higher than the national average level.

Jinan has a well-developed industrial system with complete supporting capacity of industry, especially manufacturing, and its high-tech manufacturing also has achieved strong growth. In 2022, the added value of the city’s primary industry increased by 3.1% year-on-year, while that of the secondary industry increased by 3.2%; and the added value of the tertiary industry increased by 3.0%. The city has 24 industries achieving year-on-year growth in added value, and its growth has reached the highest point for the year. Among them, the added value of high-tech manufacturing increased by 11.1 %.

Digital economy has become the highlight of Jinan’s economic growth. In 2022, the core industry of Jinan’s digital economy accounts for more than 17%, and the digital economy accounts for 47% of its GDP. According to the Ranking of Digital Economy Cities in 2022 jointly released by Deutsche Consulting, eNet Research Institute and Internet Weekly, the development level of Jinan’s digital economy ranks sixth in China.

Jinan sustains high growth in its foreign trade. In 2022, the import and export of goods increased by 14% year on year, ranking first among sub-provincial cities for 12 consecutive months; There were 2,732 new registered foreign trade enterprises in Jinan, and its import and export volume of cross-border e-commerce increased by 1.08 times year-on-year.

In order to attract high-quality resources globally, Jinan is making comprehensive efforts in its strategic planning, business environment, city image and other key areas, and actively make preparations for the major adjustment of global industrial competition pattern!

“High-level and high-quality construction of Jinan Start-up Area for the transformation of old and new driving forces”, “In-depth implementation of the major national strategy of the Yellow River”, “promoting the construction of green, low-carbon and high-quality development pilot zone in an all-round way”, and “striving for the approval of the development plan of Jinan and Qingdao metropolitan areas”. A series of major strategic plans and deployments have brought important opportunities for Jinan’s economic and social development, released huge “policy dividends” to expand its opening-up, and provided a broad stage for Jinan to move towards the world.

By enhancing the soft power of culture, Jinan strives to build its “city card”. Being guided by the profound culture, Jinan constantly improves its soft power of history and culture and thus becomes more confident, more attractive and more inclusive. Jinan has been not only the “World-class Spring City” but also the “Central city of the Yellow River Basin” and “National Civilized city” in China. It has established the “Start-up Area for the transformation of old and new driving forces”, “Jinan Area of China (Shandong) Pilot Free Trade Zone”, “Jinan International Medical Science Center”, “Jinan Central Business District” and so on. All these are Jinan’s “new name card” and provide confidence and strength for Jinan to stride to the world.

With strengthened external promotion, Jinan begins to attract increasing global investments.

At the beginning of 2023, “three groups” of Jinan to attract foreign investments respectively went to Japan, Germany and Hong Kong to carry out economic and trade negotiations as well as investment promotion, building a global investment network platform. During the period in Japan, Jinan Liaison Station (Japan) for International Investment Promotion was inaugurated, and thus the “overseas technology enclave” was established in Tokyo. This external promotion has made substantial progress in promotion of key projects, construction of contact platforms and expansion of cooperation channels. Furthermore, it injects fresh vitality and momentum into advancement of Jinan’s high-level opening up and also facilitates attracting high-quality foreign businesses and investments.

Jinan will become an opening-up city, which is vibrant and inclusive, and play the role in integrating China with foreign countries. On the journey to the world, Jinan will definitely have a promising future.