A total of 45 projects with total investment of 50.1 billion yuan ($7.74 billion) started construction together in the city on July 20.
A series of road shows and matchmaking activities were held in Qingdao, East China's Shandong province during the Qingdao Multinational Summit from July 15-16.
Zibo city has issued a series of policies to woo financial organizations from home and abroad, in a bid to build a regional hub for the financial industry amid the province's efforts to replace old growth drivers with new ones.
With a population of more than 100 million, the eastern province of Shandong is known for its strong manufacturing sector and agriculture.
China sets main targets for this critical year as the start of the 14th Five-Year Plan (2021-25) and the journey of fully building a modern socialist country.
Zibo has launched a series of measures to facilitate the development of local enterprises and boost foreign investment.
Zibo, Shandong province has been ramping up efforts to re-energize its traditional enterprises in the new materials industry and foster new growth drivers in recent years.
