According to official website of Dongying Municipal People's Government, in 2022, the GDP of Dongying reached 362.074 billion yuan, an increase of 4.3% at comparable prices. As a "small but refined" city, Dongying is keenly aware of the opportunities for the transformation of old and new kinetic energy. While actively cultivating traditional industries such as petrochemicals, nonferrous metals and rubber tires, Dongying also focuses on developing emerging industries such as high-end equipment, new energy and new materials, and aerospace, forming a unique industrial model and development pattern supported by green and innovation.