Tai'an government signed a cooperative agreement with Shandong Traditional Chinese Medicine University on June 2.
Tai'an has been ramping up efforts to attract investment, promote its business environment and bolster the upgrading of industries.
Small and medium-sized companies played a key role in promoting the city's service sector during this period.
The Information Office of the Tai'an Municipal People's Government held a press conference on April 21, looking forward to the 14th Five-Year Plan (2021-25).
The success of the 13th Five-Year Plan has provided a solid foundation for the high-quality development of the city's open economy, officials said.
A fair featuring the latest achievements of industries in Tai'an, East China's Shandong province opened on April 21.
The first phase of the project has been put into production and the launching ceremony of the second phase of the project was held on April 18.