CHENGYANG District has been approved to pilot service industry upgrading by Shandong Province recently.

   In the next five years, the district will focus on developing the airport logistics, cultural industry and creative service industry, becoming an important air logistics center in northeast Asia and a national cultural and technology industrial base.

This year, work had started on 25 modern service projects costing 37.4 billion yuan and contracts for 27 service projects costing 14 billion yuan had been signed. Another 17 service projects costing 9.45 billion yuan will open this year. The district now has 43 key projects costing 67.7 billion yuan in operation, while 49 key projects costing 70.9 billion yuan were under construction. Contracts for 34 projects costing 30 billion yuan would be signed soon. In the first three quarters of this year, the added value in the district’s service industry was 22.973 billion yuan, increasing by 16 percent over the same period of last year.

In future, modern logistics, headquarters economy and cultural creativity would become the three key industries. There will be a provincial service industrial park and three city-level service industrial parks in 2015. By then, the added value of the service industry would be more than 62 billion yuan, increasing by 20 percent on average every year.

(Wang Yuanyuan, Liu Kunfeng, Zhang Xiaowu, Jiang Yan)