Tai'an achieves high-quality investment attraction to fuel development momentum

In Tai'an, the city's Daiyue district witnessed the swift construction of the Dayao Beverage factory. 

With the main structure of the workshop completed, production equipment is set to arrive on Feb 28, marking a promising start of manufacturing.

Dayao Beverage, hailing from Hohhot, Inner Mongolia, strategically chose Tai'an in 2023 due to the government's collaborative stance, making investment attraction a linchpin for economic growth.

Decoration workers work in the factory of Dayao Beverage in Daiyue district, Tai'an. [Photo by Wan Li for chinadaily.com.cn]

The city's commitment to investment attraction as a catalyst for new industrialization is evident. Municipal leaders spearheaded 12 expeditions for precise investment promotion, fostering domestic and international ties for project realization.

The inauguration of the Yankuang Tai'an Port Public Railway-Water Intermodal Logistics Park, a 4-billion-yuan ($555.63 million) venture in Dongping county, signals ambition of Tai'an and its county to become a leading inland port city.

The city's fervent push for investment and project development saw 128 key initiatives worth 81.3 billion yuan gaining traction, accelerating the region's economic engine.

The park in Dongping county signals Tai'an ambition to become a leading inland port city. [Photo by Li Na for chinadaily.com.cn]

The Geely Farizon New Energy Commercial Vehicle project secured by Xintai, a county-level city under the administration of Tai'an in the central part of Shandong province, fills a vital gap in its automotive industry, propelling an annual output surpassing 4 billion yuan and fostering collaborative growth.

Tai'an's meticulous investment blueprint has yielded fruitful results, with 677 projects in discussion by December 2023. Of these, 340 have been signed, and 73 are already under construction, boasting a commendable 39.04 percent construction start rate.

The project secured by Xintai fills a vital gap in its automotive industry. [Photo by Zhao Jie for chinadaily.com.cn]

Tai'an's concerted efforts in investment attraction underscore its commitment to fostering sustainable growth and shaping a prosperous future.