PR97498

BINZHOU, China, Aug. 22, 2022 /PRNewswire=KYODO JBN/ --

A news report from chinadaily.com.cn:

Binzhou city in Shandong province has been ramping up efforts to further reform

the management system for science and technology, and develop 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.

The city has formulated an implementation plan for the construction of an

innovation and entrepreneurship community which combines government,

industries, academia, research, funding, services and application.

The 10th municipal Party congress of Binzhou proposed to adhere to

innovation-driven development, accelerate the construction of a modern

industrial system, and make scientific and technological innovation a strong

driving force and realistic path for regional economic transformation and

high-quality development.

Last year, Binzhou's investment in research and development accounted for 3.36

percent of its GDP, 1.06 percentage points higher than the provincial average.

The city's increase in the overall scientific and technological innovation

level index and innovation resources index were at the forefront of the

province.

In 2021, 147 new high-tech enterprises were added in the city, an increase of

88.46 percent from the previous year, and the total number reached 392.

By the end of 2022, the numbers of small- and medium-sized technology-based

enterprises and high-tech enterprises are expected to exceed 800 and 500,

respectively.

Source: chinadaily.com.cn