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Jinan's high-tech industry investment rises in first 3 quarters

english.jinan.gov.cn | Updated: 2024-10-30
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In the first three quarters, Jinan's investment rose by 0.4 percent year-on-year, reflecting a moderate growth trend.

Investment in major projects has expanded significantly, and from January to September, projects over 100 million yuan ($14.01 million) saw rapid growth in investment. Jinan now has 1,720 such projects in its registry (excluding real estate development), an increase of 4.6 percent year-on-year, including 422 projects valued at over 1 billion yuan, up by 10.2 percent.

Investment in industrial technological upgrades has also seen robust growth. From January to September, investment in industrial technological transformation increased by 6 percent year-on-year, accounting for 9.4 percent of total investment and driving overall investment growth by 0.5 percentage points.

By sector, investment growth was notable in metal products manufacturing (95 percent), general equipment manufacturing (75.1 percent), and power and heat production and supply (18.2 percent), contributing 3.8, 3.6, and 3.3 percentage points to the city’s industrial transformation investment growth, respectively.

Investment in high-tech continued to grow steadily from January to September, rising by 12.5 percent year-on-year. It accounted for 8 percent of total investment and contributed 0.9 percentage points to overall growth. Within this category, investment in manufacturing increased by 14 percent, and by 4.3 percent for power, heat, gas, and water utilities.

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