Efforts have been made to improve quality and efficiency of traditional industries and their transformation has been advanced. High-end petrochemical industry. The number of chemical enterprises in Shandong dropped from 7,595 in 2016 to the current 6,094, and 85 out of 199 chemical parks have been upgraded. Modern and high-efficiency agriculture. The total grain output exceeded 50 billion kilograms and the figure has been kept above 50 billion kilograms for 5 years in a row. Modern financial services. The number of village banks in the province was the highest in China with 450 billion RMB yuan of direct financing. In 2018, Qingdao pilot zone for comprehensive financial reform with a focus on wealth management became one of the top 50 global financial centers. Cultural and creative industry. In 2018, the added value of the cultural industry accounted for 10% of the country’s total. Quality tourism. With the purpose of developing a national demonstration province of integrated tourism, Shandong fully tapped the potential of various tourism brands, and made “Friendly Shandong” a tourism name card of the province.

Efforts have been made to expand the size of emerging industries, which have experienced robust development. Information technology. Big data, cloud computing, and other sectors all had a growth rate of more than 20%. High-end equipment. Sectors, including high-end engineering machinery and high-grade numerically controlled machine tools, saw rapid development. The production of industrial robots and servers grew by 72% and 76% respectively. The high-speed train Fuxing produced by CRRC Qingdao Sifang reached a speed of 486 kilometers per hour, a record of high-speed railway test. Modern ocean industry. The economic output of the marine sector reached 1.6 trillion RMB yuan, ranking second in China. The Blue Whale I designed and manufactured by CIMC Raffles successfully extracted gas from combustible ice on a test basis. New energy and new materials. New energy and renewable energy accounted for 22.9% of the total installed capacity in Shandong. The output value of new materials took up 25% of China’s total. Medical, elderly, and health care. The Northern Big Data Center of National Health developed rapidly and a number of internationally leading medical service complexes and professional health management and service institutions were built.