Recently, Jinshan District held a special research meeting on economic performance to arrange phased economic tasks. It was clarified that efforts will be made to consolidate the fundamentals of the industrial economy, bolster emerging industrial sectors, optimize the industrial structure, and drive steady and sound regional economic growth. The meeting sent a key development signal: instead of merely maintaining statistical indicators and growth rates, the current drive for stable economic growth aims to strike a balance between stability and innovation amid industrial transformation.

The competition logic for regional economic development has evolved. The traditional development model reliant on land, costs and space is no longer viable. Today, core competitive advantages lie in fostering high-quality industries and innovation ecosystems, and cultivating new industries and growth drivers. In recent years, Jinshan has steadily cultivated emerging industries including artificial intelligence, low-altitude economy, new energy vehicles and biomanufacturing. Earlier this month, the district issued its first science and technology innovation bond with a record-low coupon rate in the region. The funds will be mainly invested in key emerging industrial areas, reflecting capital market recognition of Jinshan’s industrial transformation strategy and development prospects.

Premium government services have become one of Jinshan’s core competitive strengths. When choosing business locations, enterprises now attach greater importance to industrial supporting facilities, service efficiency and long-term development potential. Jinshan’s business environment has evolved from streamlined approval procedures to full-cycle industrial support services. The government has transformed its role and acts as an industrial partner to precisely respond to enterprises’ needs and resolve their development challenges.

Leveraging the opportunities brought by the regional north-south economic transformation initiative, Jinshan has completely moved away from the traditional development model dependent on space and low costs. It has embarked on a high-quality development path centered on industrial upgrading, innovation vitality and ecosystem capacity, achieving both stable short-term economic performance and long-term industrial improvement.

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