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Jinan introduces preferential policies to establish industrial clusters

Industrial clusters focusing on green construction, intelligent manufacturing, and high-end hydrogen energy equipment manufacturing will be established by 2025 in Jinan, Shandong province, local media reported.

The Shandong Provincial Government has launched an action plan to build an international investment industrial park involving the three cities of Jinan, Qingdao and Yantai.

The industrial park consists of 37 square kilometers in Jinan, 37.3 square kilometers in Qingdao, and 30 square kilometers in Yantai.

To support the plan, the Jinan government has rolled out a series of preferential policies to attract high-end companies and talent, said Zheng Deyan, deputy mayor of Jinan.

The plan is to build the areas into advanced manufacturing clusters worth 400 billion yuan ($56.38 billion).

The Jinan government plans to offer seven percent of its fixed asset investment in intelligent manufacturing clusters as a special reward fund to the clusters.

Green construction clusters, teams, or professionals that perform outstandingly will receive up to 100 million yuan in start-up subsidies.

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