
Shandong Province has launched a list of 27 policies, covering consumption promotion, investment expansion, digital economy and modern agricultural support, striving to ensure that policy dividends reach directly to the grassroots.
AI-generated summary
In response to the downward pressure on the economy, Shandong Province has released a series of fiscal and industrial support measures in the form of a policy list. This is the second batch of policy lists for 2026, which aims to promote economic growth through coordinated efforts on both supply and demand sides.
China News Service, Jinan, October 23 (Chen Wanting) The Information Office of the Shandong Provincial People's Government held a regular policy briefing on the 23rd to interpret the "2026 Policy List to Promote Economic Stability, Improve Quality and Efficiency" (Second Batch). Reporters learned from the meeting that this batch of policy lists includes a total of 27 items in four aspects. While promoting consumption, expanding investment, and stabilizing the service industry, it will spend "real money" to increase digital economy tracks such as artificial intelligence, smart factories, and robots, and increase support for modern agricultural projects such as facility agriculture and water and fertilizer integration to accelerate the cultivation of new momentum and build new advantages.
According to Zhu Hong, deputy director of the Shandong Provincial Development and Reform Commission, this policy is based on the coordinated efforts of both supply and demand. It not only focuses on insufficient domestic demand, promotes consumption to benefit people's livelihood, and promotes the stabilization of investment; it also focuses on upgrading supply, strengthening the service industry, cultivating new driving forces of the digital and smart economy, and directly facing the practical demands of enterprises for financing, land security, etc., and integrating and launching a number of highly effective incentive and subsidy measures.
In terms of promoting consumption and benefiting people's livelihood, Shandong will implement interest discounts on personal consumption loans and provide 1 percentage point interest discounts to eligible personal consumption loans and credit card installment businesses to reduce residents' consumption credit costs. State-owned enterprises in Shandong Province have expanded their recruitment of college graduates. They will launch autumn recruitment for 2027 before the end of November and release recruitment positions in a centralized manner.
"Cultural tourism consumption covers a wide range of areas and is highly motivating. It is an important area to expand domestic demand and promote consumption." Feng Qingdong, a second-level inspector of the Shandong Provincial Department of Culture and Tourism, said that Shandong will create a "travel to Shandong with performances (music, movies, animation)" brand, and provide qualified tourism performances, concerts, The music festival provides financial incentives, and the provincial level raises 40 million yuan (RMB, the same below) to cultivate new consumption scenarios such as diversified integration and night-time economy, promote the transformation of performance traffic into comprehensive consumption such as accommodation, catering, and tourism, and support original and popular cultural and creative products on a selective basis to enhance the added value of cultural consumption.
In terms of promoting the stabilization of investment, Shandong has set up a special policy fund management reward project of 50 million yuan to encourage cities with outstanding results in the use of funds such as central budget investment and ultra-long-term special treasury bonds; it has laid out provincial proof-of-concept centers and pilot bases to cultivate 10 new blue talent teams of Taishan industry leaders. At the same time, we will focus on the implementation of major projects and innovate temporary land management policies.
In this batch of policies, support funds for service industry-related industries are nearly 1 billion yuan. Data show that from January to August this year, Shandong's service industry revenue increased by 6.8% year-on-year, and the service industry's contribution to economic growth in the first three quarters exceeded 60%.
Zhu Hong introduced that the funds will focus on platform economy, service consumption, high-growth enterprises, and high-quality projects. Among them, about 90 million yuan will be used to support network and e-commerce platform enterprises, with a maximum subsidy of 3 million yuan for each company; 100 million yuan will be allocated to seize the end-of-year consumption node to support service consumption innovation; 200 million yuan will be used to support budding and seed-type small and micro enterprises and start-ups; 200 million yuan will be used to support approximately 160 high-quality projects in the service industry, with a maximum subsidy of 2 million yuan for a single project. "Relevant detailed rules are being issued one after another, and we strive to implement them all in November."
The industrial optimization and upgrading sector focuses on the digital economy, focuses on artificial intelligence empowering the real economy, and implements rewards and subsidies for manufacturing "AI capability centers", smart factories, artificial intelligence terminals, and innovative robot products. Li Yingfeng, a second-level inspector of the Shandong Provincial Department of Industry and Information Technology, said that the province will further implement the "Double Hundred Project" of artificial intelligence, carry out "artificial intelligence + manufacturing" and create a group of pioneers in innovative application of artificial intelligence. "Strive to achieve revenue of Shandong's core artificial intelligence industry of 300 billion yuan by 2030, and the penetration rate of artificial intelligence application in industrial enterprises above designated size to reach about 70%."
In addition, Shandong will also make good use of "model coupons", "corpus coupons" and "scenario coupons" to build a gradient cultivation system for artificial intelligence enterprises that are led by leaders, emerging talents and start-ups are gaining momentum.
Bi Haixin, a second-level inspector of the Shandong Provincial Department of Agriculture and Rural Affairs, said that the province has launched a three-year action to improve facility agriculture in villages with weak collective economies to support the construction and renovation of facility agriculture projects in weak villages; the integration of water and fertilizer for food crops adopts a "work first and then supplement" reward and subsidy model, with the goal of promoting the area to exceed 20 million acres by 2030; high-quality agricultural socialization service projects have been included in the scope of service industry subsidies to help small farmers reduce costs and increase efficiency. At the same time, we will promote the "artificial intelligence + agriculture" action to improve the level of intelligent and green agriculture.
In order to get through the "last mile" of policy implementation, Shandong will write three articles: precise implementation, direct access to quick enjoyment, and evaluation and improvement. Zhu Hong said that the policies introduced this time will be included in the "Lu Huitong" policy implementation platform, continue to increase data sharing, and promote the transformation from "enterprises looking for policies" to "policies looking for enterprises". In the follow-up, policy supervision and evaluation will be carried out to sort out and promote good experiences and practices from various places, so that policy dividends can directly reach grassroots market entities.
AI outlook — possibilities, not facts
Relevant policy details will all come into effect in November.
Very likely · Within months

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