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Shandong transfers 209 billion yuan to local governments last year

2018/1/15 16:02:20   source:Sdchina.com

With the aim of facilitating a balanced development between urban and rural areas, Shandong Government transferred a total of 209 billion yuan to local governments in 2017. This is carried out to strengthen the financial system and mechanism and promote the urban and rural harmonious development via implementing the incentive transfer payment system and perfecting the hooking incentive mechanism of ecological compensation and the urbanization of relocated agricultural population.

Shandong has also set up the green ecology-oriented system of agricultural subsidy to give strong backing to the agricultural supply-side structural reform, giving priority to the resource-saving and environment friendly agriculture.

In addition, Shandong has initiated the mechanism for overall development and investment of agriculture, actively carried out the pilot project to construct the new-type garden complex to promote the development of agriculture and the rural areas in an all-around way.

Shandong Agricultural Development Credit Guarantee Co.,Ltd is found to form the agricultural credit guarantee system. Shandong has completed the benefits compensation mechanism in major grain production areas so as to ensure food safety and increase farmer’s income.

Shandong keeps on increasing the technological and talent input, expanding the scale of natural science funds, focusing on key research and development plan, and concentrating on breaking through a batch of common and key technology that restricts the industrial development.

What’s more, strong support has been given to the project of promoting the transition of small and medium-sized technology-based enterprises to high-tech enterprises. The amount of high-tech enterprises in Shandong climbed to 6,300 in 2017, 1,600 more than the year of 2016.

To promote the construction of major innovation platforms and zones, Shandong became the first province in China to launch the “cloud voucher” system of fiscal subsidy, and put the platform of Shandong Industrial Cloud into operation.

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