During the first 3 quarters of this year, the local investment to technology innovation showed strong increasing tendency. 190 projects have been completed and put into operation with a total investment of 8.89 billion Yuan.

The increase is mainly due to the large enterprise groups' great efforts in investment. The Haier Group, Qingdao Port, Qingdao Steel Group and Hisense completed an investment of 1.75 billion Yuan, covering 19.6% of the total. By the end of September, 190 projects have been constructed and put into operation including the ore wharf of Qingdao Port and the cabinet project of Haier. The projects are expected to make the sales income 3.61 billion Yuan more than before with a tax payment of 671 million. The projects will play an important role in the readjustment of the local industrial structure, the improvement of the technology level and the promotion to the local economy.

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