Country for PR: China
Contributor: PR Newswire Asia (China)
Tuesday, December 20 2022 - 18:56
AsiaNet
Innovation boosts Binzhou's growth
BINZHOU, China, Dec. 20, 2022 /PRNewswire-AsiaNet/ --

A report from chinadaily.com.cn:

Binzhou, East China's Shandong province, has been implementing its 
innovation-driven development strategy to serve its high-quality development.

Innovation has been driving up the city's economic growth in various ways, 
officials said. The city's gross domestic product increased by 95.5 percent, 
with an average annual growth rate of 6.9 percent over the past decade.

In 2021, the proportion of the city's research and development investment in 
GDP ranked first in Shandong province. The added value of high-tech and digital 
manufacturing industries increased by 54.4 percent and 101.6 percent, 
respectively, during the first three quarters of 2022.

As a traditional industrial city, Binzhou emphasizes upgrading traditional 
growth drivers with new ones and developing modern industries.

In the aluminum industry, one of the city's pillar sectors, the proportion of 
middle and high-end aluminum products increased by 30.2 percentage points in 
three years and reached 65.2 percent in 2021.

Shandong Weiqiao Pioneering Group Co, a producer of aluminum in Binzhou, is 
developing a green way to advance the sector's high-end development. It has 
created eight types of highly durable aluminum alloy materials, which 
outperform conventional alloys overall by more than 20 percent. A number of 
global automakers now receive their high-quality aluminum extrusion products 
from Weiqiao Pioneer Group.

At Zhongyu, a local food company, deep processing of the whole industry chain 
added nearly 5,500 yuan ($787.8) per metric ton of wheat, increasing the output 
value by 147 percent, compared with ordinary processing.

The recent 20th National Congress of the Communist Party of China emphasized 
that education, science and technology, and human resources are the 
foundational and strategic pillars for building a modern socialist country in 
all aspects.

Binzhou has developed a market-oriented system for technological innovation in 
which enterprises are the main players and synergy is created through the joint 
efforts of enterprises, universities, and research institutes.

Now, the city's 39 enterprises established cooperation with 13 institutions of 
the Chinese Academy of Sciences, which helped a batch of national brand 
scientific research achievements transform and begin trial productions in such 
fields as elastic strain sensors, and laser selective imaging.

Source: chinadaily.com.cn
Translations

Japanese