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Jinan gears up for digital economy

Jinan, the capital of Shandong province, is leading the digital economy due to its expertise in new-generation IT and big data.

A number of industrial parks in Jinan are expanding and contributing greatly to the growth of the city's digital economy.

Shandong Digital Industrial Building, located at Shizhong district's Digital Economy Industrial Park, aims to create an industrial cluster that integrates research and development, leading enterprises, and supporting facilities. It has attracted over 40 digital enterprises specializing in fintech, artificial intelligence, energy interconnection, and communication technology.

The Minghu International Information Technology Industrial Park is home to renowned tech giants, including Huawei, China Electronics, and iFlytek. In 2020, the park generated over 1 billion yuan ($139 million) in revenue.

Qilu Software Park hosts over 70,000 companies including Inspur, Hoteam Software, and Shandong Synthesis Electronic Technology. The park is a leading hub for big data, integrated circuits, AI, and quantum information. In 2022, the park's big data and new-generation IT industry scaled to 320 billion yuan.

Key projects

Jinan maps out a blueprint for building 58 key projects in the big data and new-generation information technology this year with a total investment of 83.83 billion yuan.

The China Computing Valley Industrial Park and China Computing Valley Science and Technology Park are both actively developing. The former has already constructed standard and customized plants, apartments, exhibition halls, and service centers on 387 mu (25.8 hectares) of land, while the latter, which has a total investment of 2.5 billion yuan, is expected to be completed in 2024.

Industry highland

Jinan's broadband download rate ranks first in Shandong and the city has built a total of 43,000 5G base stations, among the top in the country.

In 2022, Jinan invested 1 billion yuan to support enterprise digital transformation. By 2025, Jinan's digital economy will exceed 1 trillion yuan, making up over 50 percent of GDP.

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