Shandong optimizes ways of drawing, deploying foreign investment
Containers are unloaded at Qingdao Port in Shandong province in March. Since the beginning of this year, in the face of a challenging and complicated international investment environment, Shandong has launched a slew of supportive policies to further incentivize foreign companies to expand their operations in the province, local officials said this week. Efforts have been made to promote Shandong's high-quality opening-up, optimize the attraction and utilization of foreign investment, and establish a business environment that is market-driven, legally structured, and globally integrated. Aimed at improving the environment for foreign investment and attracting more global capital, the Shandong provincial people's government issued 14 measures on July 11, which covered areas such as ensuring the effective utilization of foreign investment and guaranteeing the equal treatment of foreign-invested and domestic enterprises. "Shandong's broad market opportunities, complete industrial system and high-quality business environment are the main driving forces for us to continue to increase our investment, while the deferred tax policy has saved a large amount of money for enterprises like ours, and greatly enhanced our investment confidence in the area," said an official from Singapore's Royal Golden Eagle Group.
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