Known as China's logistics capital, Linyi has become a development hotspot of the private economy, said the Linyi City Government
Among them, there were more than 1.53 million private market entities, accounting for 99.3 percent of the total, contributing over 90 percent of the city's business revenue, industrial tax revenue, and employment for residents. Private investment accounted for 75.9 percent, ranking third in the province, surpassing the provincial average by 14.3 percentage points.
As a major gathering for entrepreneurs from across China and abroad, the 2nd Linyi Entrepreneurs Convention was held in Linyi from Aug 18 to 20, with the tagline "choose Shandong, gather in Linyi for win-win future", showcasing the city's vibrant private economy and development potential to the public.
With an unprecedented scale, the event featured the release of Shandong top 100 private enterprises list. There were more than 900 attendees including representatives from local enterprises, leading figures of private enterprises, and renowned experts and scholars, gathering in Linyi to express their deep feelings for their hometown and discuss major development plans. It also highlighted new policies to support private businesses, offering both financial incentives and comprehensive services.
Linyi is an important birthplace of Dongyi culture, an important part of Shandong culture, with the phoenix serving as its symbolic totem. The event introduced the Phoenix List to recognize and motivate local enterprises, symbolizing advancement and cultural identity.
The event launched site visits to Linyi's 13 iconic industry value chains, ranging from food processing and modern medicine to agricultural machinery and high-end equipment. Activities like the "Linyi enterprise experience tour" and six matchmaking conferences were organized to foster collaboration along key industry value chains, aiming to boost investment, attract talent, and drive high-quality development in the city.
Linyi's private economy is the foundation of its development, and its entrepreneurs are the backbone of its growth. The Linyi Entrepreneurs Convention serves as a key platform for private business leaders to exchange ideas and innovate. Starting next year, Linyi will make the conference an annual event, aiming to create a distinctive symbol for the city's private sector, a shared celebration for its entrepreneurs, and a prestigious brand for the city.
Hashtag: #Linyi
The issuer is solely responsible for the content of this announcement.
About The Linyi Municipal Publicity Department
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CNA
39 minutes ago
- CNA
Malaysia plans to be a key player in rare earth supply chain
Malaysia aims to position itself as a key player in the global critical mineral supply chain, which is currently dominated by China. The government is pushing for greater cooperation between state and federal authorities to tap into the vast rare earth deposits, estimated to be worth over US$200 billion. CNA's Melissa Goh has more on Malaysia's plan to build an integrated rare earth ecosystem, from mining and processing to producing its own magnets.
CNA
39 minutes ago
- CNA
India test-fires nuclear-capable ballistic missile
NEW DELHI: India said on Wednesday (Aug 20) that it had successfully test-fired an intermediate-range ballistic missile which, when operational, should be capable of carrying a nuclear warhead to any part of China. The Agni-5 missile was successfully launched in India's eastern Odisha state, with authorities saying it "validated all operational and technical parameters". India and China, the world's two most populous nations, are intense rivals competing for influence across South Asia, and relations plummeted in 2020 after a deadly border clash. India is also part of the Quad security alliance with the United States, Australia and Japan, which is seen as a counter to China. India's bitter rival Pakistan has nuclear weapons as well, and the two countries came close to war in May after militants killed 26 people in Indian-administered Kashmir, an attack New Delhi blamed on Islamabad. But Pakistan denied any involvement. Caught in global trade and geopolitical turbulence triggered by US President Donald Trump's tariff war, Delhi and Beijing have moved to mend ties. Last October, Indian Prime Minister Narendra Modi met with Chinese leader Xi Jinping for the first time in five years at a summit in Russia. Modi is expected to make his first visit to China since 2018 later this month to attend the summit of the Shanghai Cooperation Organisation - a regional security bloc. Ties between New Delhi and Washington, meanwhile, have been strained by Trump's ultimatum that India end its purchases of Russian oil, a key source of revenue for Moscow as it wages its military offensive in Ukraine. The United States says it will double new import tariffs on India from 25 per cent to 50 per cent by Aug 27 if New Delhi does not switch crude suppliers. The Agni-5 is one of a number of indigenously produced short- and medium-range Indian ballistic missiles aimed at boosting its defence posture against Pakistan, as well as China.
CNA
2 hours ago
- CNA
Microsoft scales back Chinese access to cyber early warning system
WASHINGTON: Microsoft said on Wednesday (Aug 20) it has scaled back some Chinese companies' access to its early warning system for cybersecurity vulnerabilities following speculation that Beijing was involved in a hacking campaign against the company's widely used SharePoint servers. The new restrictions come in the wake of last month's sweeping hacking attempts against Microsoft SharePoint servers, at least some of which Microsoft and others have blamed on Beijing. That raised suspicions among several cybersecurity experts that there was a leak in the Microsoft Active Protections Program (MAPP), which Microsoft uses to help security vendors worldwide, including in China, to learn about cyber threats before the general public so they can better defend against hackers. Beijing has denied involvement in any SharePoint hacking. Microsoft notified members of the MAPP program of the SharePoint vulnerabilities on Jun 24, Jul 3 and Jul 7, Reuters has previously reported. Because Microsoft said it first observed exploitation attempts on Jul 7, the timing led some experts to allege that the likeliest scenario for the sudden explosion in hacking attempts was because a rogue member of the MAPP program misused the information. In a statement, Microsoft said several Chinese firms would no longer receive "proof of concept code," which mimics the operation of genuine malicious software. Proof of concept code can help cybersecurity professionals seeking to harden their systems in a hurry, but it can also be repurposed by hackers to get a jump start on the defenders. Microsoft said it was aware that the information it provided its partners could be exploited, "which is why we take steps – both known and confidential – to prevent misuse. We continuously review participants and suspend or remove them if we find they violated their contract with us, which includes a prohibition on participating in offensive attacks."
