Jinan, the capital of East China's Shandong province, will speed up the construction of green, low-carbon projects and focusing on project implementation, industrial development and investment support.

The implementation of 2,000 key projects worth a combined investment of 2.66 trillion yuan ($372 billion) will be accelerated, officials announced at the city's economic work conference on Jan 2.

Evaluation of the projects should take into account whether they are aligned with the new development philosophy and whether they are able to attract various capital to facilitate the growth of advantageous industrial clusters and enhance the resilience and security of industrial and supply chains, according to officials.

Efforts will be made to deepen and improve the project pre-approval system. The focus will be on simultaneous preparations for project planning and approval in terms of funds and land use.

To further improve the implementation mechanism for favorable policies towards enterprises, measures like value-added tax reduction, income tax reduction, and tax support for technological innovation will be implemented. Various support and incentive policies will be provided to ensure that the benefits of policies are enjoyed to the maximum extent.

Legal guarantees for project construction, including treating State-owned and private enterprises on an equal footing and providing equal treatment to large, medium and small-sized businesses, will also be deepened and improved.