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The4thConference of Great Business Partnersconvenedin Jinan, capital of Shandong Province from October 29thto 31st, drawing guests from home and abroad.

During the event, 45 projects were signed in a centralized manner.Among them, 9 are foreign-invested with a total investment of $1.01 billion, and 36 are invested domestically totaling an investment of 34.59 billion yuan.

The projects presented characteristics in four aspects. Firstly, the projects prioritize new quality productive forces. 33 projects signed at the conference were strategic emerging industries such as new generation information technology, new energy, new materials and high-end equipment, which exceeded 70 percent of the total.These projects will become the core engine for driving the province’s high-quality development and winning a new round of regional competition.

Secondly, the project scope has been further expanded. New consumption scenarios and business formats were the highlights of the contracted projects at this conference. From the strategic cooperation with Luckin Coffee, to the premium tourism projects of Shandong Culture and Tourism Group, and to the modern logistics project by Yuhu Cold Chain, a series of projects indicate that Shandong's industrial layout is accelerating its extension into emerging service sectors, injecting new vitality into economic development.

Thirdly, the projects have been further upgraded, demonstrating the distinct characteristics of "high standard" and "large scale". The "high standard" is reflected in their high-level core technologies; the "large scale" is reflected in their substantial investment size, with 27 domestic-invested projects each worth 1 billion yuan or more, accounting for a high proportion of 75%.

Fourthly, the investment entities have become more diversified. Among the signed projects, there are 5 projects invested by central enterprises, 9 by foreign-funded enterprises, and 27 by private enterprises, which fully demonstrates Shandong's strong appeal as apopularinvestment destination.