Jinan Innovation Zone. [Photo WeChat account: jngxwx]

Jinan Innovation Zone saw breakthrough growth in 2024, with its regional GDP hitting 205.35 billion yuan ($28.17 billion), increasing 6.5 percent year-on-year and surpassing 200 billion yuan for the first time, local media reported.

The region demonstrated strong economic potential last year, with 123 new investment projects, each exceeding 100 million yuan in value. The output value of industries above designated size grew by 24.2 percent year-on-year, while general public budget revenue increased by 3.8 percent year-on-year. The growth rate of the total retail sales of social consumer goods was 12.7 times that of Jinan.

Efforts to expand infrastructure continued, with progress being made on the second phase of the Jinan airport project and the second phase of Metro Line 3 commencing operations. Advancements in electricity, water, and transportation networks accelerated. Additionally, work moved forward on projects such as urban village renovations, while key initiatives were launched related to integrated circuits and international trade.