Heilongjiang leverages advantages to grow

"Following President Xi's visit, we have begun promoting models of innovation and have established six types of innovation studios, which have helped stimulate innovation," said Liu Mingzhong, chairman of China First Heavy Industries.

"A total of 56 innovation projects have been completed, saving over 100 million yuan ($14.7 million) in costs."

Liu said the group's financial performance last year was excellent, with turnover increasing by 12.25 percent and profits by 33.24 percent.

In order to achieve the transformation and revitalization of its industries, Heilongjiang has promoted policies for merging creative design with different sectors such as the green food, winter tourism and equipment, high-tech, biomedical, animation and short-video industries.

According to the province's Winter Sports Economic Development Plan, Heilongjiang will consolidate its winter sports sector with the construction of a number of national and provincial tourist resorts, as well as establish internationally competitive companies and famous brands by 2025.