Shandong to make better use of foreign capital
3 years, 9 months ago

Shandong to make better use of foreign capital

China Daily  

The province of Shandong will continue its efforts to promote the innovative development of trade, make better use of foreign capital, and open up more over the 14th Five-Year Plan period, said local officials at a news conference held by the Information Office of the Shandong Provincial People's Government on March 1. During the 13th Five-Year Plan period, foreign investment utilization in Shandong maintained steady growth, with a total of 10,270 foreign-invested enterprises being established in the province, 3,653 more than in the 12th Five-Year Plan period, with an average annual growth rate of 15.2 percent. Over the past five years, Shandong has used a total of $67.56 billion yuan in foreign capital, 1.9 times more than in the 12th Five-Year Plan period, with an average annual growth rate of 15 percent. In the coming five years, Shandong will continue its efforts to improve its business environment, promote foreign investment, and better serve foreign investors.

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History of this topic

Foreign trade poised for steady growth amid headwinds
1 month, 2 weeks ago

Foreign trade poised for steady growth amid headwinds

China Daily  

By Zhong Nan and Ouyang Shijia in Shanghai | China Daily | Updated: 2024-11-08 07:09 China's foreign trade in goods 2024. CHINA DAILY China's foreign trade will sustain steady growth for the remainder of 2024 and exporters should prepare for potential challenges, including higher tariffs, by enhancing product competitiveness and expanding sales in emerging markets, government officials and market observers …

Shandong boosts tourism infrastructure with new hotel projects
1 month, 2 weeks ago

Shandong boosts tourism infrastructure with new hotel projects

China Daily  

On Oct 28, Shandong province held a promotional event to attract investment in high-quality tourism hotels, resulting in the signing of 21 new projects with a total investment of 11.2 billion yuan. The strength of Shandong's tourism industry is evident in the first three quarters of this year as the province welcomed 670 million domestic tourists spending an average of …

Shandong boosts tourism infrastructure with new hotel projects
1 month, 2 weeks ago

Shandong boosts tourism infrastructure with new hotel projects

China Daily  

On Oct 28, Shandong province held a promotional event to attract investment in high-quality tourism hotels, resulting in the signing of 21 new projects with a total investment of 11.2 billion yuan. The strength of Shandong's tourism industry is evident in the first three quarters of this year as the province welcomed 670 million domestic tourists spending an average of …

Shandong unveils plan to cultivate leading agricultural enterprises
1 month, 3 weeks ago

Shandong unveils plan to cultivate leading agricultural enterprises

China Daily  

Shandong province has recently released a comprehensive action plan aimed at accelerating the development of leading agricultural enterprises. By 2027, the province aims to cultivate at least three new leading enterprises with annual revenues exceeding 10 billion yuan. It will also support leading enterprises in obtaining eco-friendly food, organic food, and geographical indication certifications. Furthermore, the plan supports leading enterprises …

Trade, opening-up surging over years
2 months, 3 weeks ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Trade, opening-up surging over years
2 months, 3 weeks ago

Trade, opening-up surging over years

China Daily  

In the early stages, foreign companies sent their managers, sales experts and engineers, along with product samples, to cities like Shanghai, Beijing and Guangzhou, Guangdong province to establish representative offices and test the viability of the Chinese market — particularly during the 1980s. With products manufactured in China being supplied to both domestic and international markets, foreign enterprises like France's …

Tai'an posts steady economic growth in Jan-Aug period
3 months, 1 week ago

Tai'an posts steady economic growth in Jan-Aug period

China Daily  

This year, the overall economic performance of Tai'an, Shandong has remained stable, showing a steady upward trend and quality enhancement in the first eight months of the year. From January to August, the added value of industrial enterprises above a designated size in the city increased by 8.6 percent year-on-year. The city's key industries have shown strong momentum with electrical …

Tai'an posts steady economic growth in Jan-Aug period
3 months, 1 week ago

Tai'an posts steady economic growth in Jan-Aug period

China Daily  

This year, the overall economic performance of Tai'an, Shandong has remained stable, showing a steady upward trend and quality enhancement in the first eight months of the year. From January to August, the added value of industrial enterprises above a designated size in the city increased by 8.6 percent year-on-year. The city's key industries have shown strong momentum with electrical …

MNCs praise opening-up at Xiamen trade fair
3 months, 1 week ago

MNCs praise opening-up at Xiamen trade fair

China Daily  

Visitors check out products during the 24th China International Fair for Investment and Trade in Xiamen, Fujian province. Jeffrey Perlman, CEO of US private equity firm Warburg Pincus, said China has become the world's second-largest economy with a proven long-term track record of consistent growth supported by domestic policy. "China's efforts to continuously expand its opening-up and optimize its business …

MNCs praise opening-up at Xiamen trade fair
3 months, 1 week ago

MNCs praise opening-up at Xiamen trade fair

China Daily  

Visitors check out products during the 24th China International Fair for Investment and Trade in Xiamen, Fujian province. Jeffrey Perlman, CEO of US private equity firm Warburg Pincus, said China has become the world's second-largest economy with a proven long-term track record of consistent growth supported by domestic policy. "China's efforts to continuously expand its opening-up and optimize its business …

Shandong attracts foreign investment with key projects
3 months, 3 weeks ago

Shandong attracts foreign investment with key projects

China Daily  

Shandong province has been strengthening cooperation with multinational companies and comprehensively enhancing its level of openness to the outside world. As one of the signed projects of the third Qingdao Multinationals Summit in 2022, the high-end, foreign-funded dairy processing plant of Zhongdi Dairy Group in Shandong's Yinan county has a total investment of 1.83 billion yuan. The first phase, with …

Qingdao summit promotes investment and cooperation with multinationals
3 months, 3 weeks ago

Qingdao summit promotes investment and cooperation with multinationals

China Daily  

Shandong province will host the fifth Qingdao Multinationals Summit this week from Tuesday to Thursday as part of its efforts to establish itself as a hub of high-level openness by refining its systems for international cooperation. With the theme "Multinationals and China", the summit will feature a multinational corporation investment and cooperation conference, organize themed promotions for functional zones, and …

Shandong offers welcoming environment for foreign investors
4 months ago

Shandong offers welcoming environment for foreign investors

China Daily  

Shandong province has been actively optimizing its business environment to attract more foreign investment. Over the past few years, the province has introduced a series of comprehensive measures to improve market access, enhance services, and protect the rights of foreign investors. Shandong has implemented 36 policy measures to optimize the foreign investment environment, focusing on market access, national treatment, rights …

Shandong welcomes foreign investment with open arms
4 months ago

Shandong welcomes foreign investment with open arms

China Daily  

According to a news conference held by the State Council Information Office on Aug 16, the fifth Qingdao Multinationals Summit will be held in Qingdao, a coastal city in East China's Shandong, from Aug 27 to 29. Shandong has emerged as a highly attractive destination for foreign investment thanks to its robust economic growth and comprehensive industrial base. Moreover, Shandong …

Guangdong's imports and exports surge in July
4 months, 1 week ago

Guangdong's imports and exports surge in July

China Daily  

An overview of the Hetao Shenzhen-Hong Kong Science and Technology Innovation Cooperation Zone in Shenzhen, Guangdong province, Aug 23, 2023. South China's Guangdong province achieved a foreign trade volume of more than 800 billion yuan in July, up year-on-year by 15.5 percent, Guangdong Customs statistics revealed on Monday. Through the first seven months of the year, Guangdong achieved an export …

China taking steps to expand market access
4 months, 3 weeks ago

China taking steps to expand market access

China Daily  

Large ships under construction at a shipyard in Rongcheng, Shandong province. LI XINJUN/FOR CHINA DAILY China is taking significant steps to expand market access and encourage foreign investment across a wide range of industries such as finance, manufacturing and services, the Ministry of Commerce said on Friday. China is revising and will publish the regulations for strategic investments by foreign …

Nation's opening to further intensify
5 months ago

Nation's opening to further intensify

China Daily  

A foreign tourist takes pictures of a child wearing traditional Chinese apparel in Changsha, Hunan province, on May 14. "We will turn China's vast market into a major opportunity for the world," he said, adding that Beijing will continue to make life more convenient for foreign travelers in terms of accommodation, medical services and payments. Mu Hong, deputy director of …

Shandong's foreign trade maintains steady growth in the first half of 2024
5 months ago

Shandong's foreign trade maintains steady growth in the first half of 2024

China Daily  

Shandong province's foreign trade reached 1.62 trillion yuan in the first half of 2024, a 4.3 percent year-on-year increase. Qingdao maintained its leading position, with foreign trade reaching 437.83 billion yuan, accounting for 27 percent of the province's total. Specifically, Shandong's foreign trade with ASEAN reached 338.3 billion yuan, up 14.2 percent, while trade with the EU stood at 149.7 …

Shandong's foreign trade, investment demonstrate upward trend
5 months, 3 weeks ago

Shandong's foreign trade, investment demonstrate upward trend

China Daily  

Shandong province's unwavering commitment to deepening international economic and trade cooperation has yielded remarkable results in the first five months of 2024. The province's total import and export volume surged by 6.6 percent year-on-year to 1.32 trillion yuan, with exports witnessing an impressive 11.6 percent growth rate, outpacing the national average by 5.5 percentage points. The province has also witnessed …

Nation vows to further deepen opening-up
5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily  

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, on Wednesday. The meeting, which was chaired by Premier Li Qiang, …

Nation vows to further deepen opening-up
5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily  

An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, on Wednesday. The meeting, which was chaired …

Nation vows to further deepen opening-up
5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily  

By Wang Keju| China Daily| Updated :2024-06-27 An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, …

Nation vows to further deepen opening-up
5 months, 3 weeks ago

Nation vows to further deepen opening-up

China Daily  

By Wang Keju| China Daily| Updated :2024-06-27 An aerial view of Canton Tower in Guangzhou, capital of Guangdong province. YANG HE/FOR CHINA DAILY China will intensify efforts to further attract foreign investment, in order to drive the growth of the world's second-largest economy in the new development paradigm, according to an executive meeting of the State Council, the country's Cabinet, …

Shandong commits to enhancing business environment
6 months ago

Shandong commits to enhancing business environment

China Daily  

In recent years, Shandong has been continuously implementing measures to improve its business environment, achieving remarkable progress and creating a new atmosphere for businesses. At a Shandong provincial conference on optimizing the business environment held on June 14, the province systematically outlined a comprehensive plan in eight key areas, including creating an efficient and convenient administrative environment, a competitive and …

40 years on: Qingdao's ascent to intl metropolis
7 months, 2 weeks ago

40 years on: Qingdao's ascent to intl metropolis

China Daily  

Qingdao in Shandong province transforms from a small coastal fishing village into an international metropolis with towering skyscrapers in 40 years. Local fiscal revenue has grown from less than 1.4 billion yuan to 133.78 billion yuan, and the city's urbanization rate has continuously increased, reaching 78.3 percent by the end of 2023. Customs data shows that Qingdao's total import and …

Improving business environment to attract more foreign investment
7 months, 3 weeks ago

Improving business environment to attract more foreign investment

China Daily  

A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. The State Council, China's Cabinet, in March issued an action plan aimed at attracting foreign investment by promoting high-level opening-up, which puts forward a practical policy framework for addressing specific problems faced by foreign-funded enterprises in China. The actual use of foreign …

Shandong economy sees robust growth in Q1
8 months ago

Shandong economy sees robust growth in Q1

China Daily  

Shandong's economy demonstrated strong growth momentum in the first quarter of this year, with its GDP exceeding 2.1 trillion yuan, an increase of 6 percent year-on-year, as revealed at a news conference held on April 19 by the Information Office of Shandong Provincial People's Government. Shandong's agricultural, forestry, animal husbandry, and fishery sectors achieved a total output value of 146.51 …

Shandong reports strong growth
8 months, 1 week ago

Shandong reports strong growth

China Daily  

On April 10, the State Council Information Office held a news conference on promoting high-quality development on the topic of "Shandong practice in Chinese modernization: green, low-carbon and high-quality development." Zhou Naixiang, deputy secretary of the CPC Shandong Provincial Committee and governor of Shandong province, gave a detailed introduction on the topic and introduced Shandong's achievements over the past three …

Country's development potential continues to be released
9 months, 1 week ago

Country's development potential continues to be released

China Daily  

A Chinese clerk counts renminbi yuan banknotes in Nantong, East China's Jiangsu province. In the first two months of this year, the total value of China's exports was $528.01 billion, up 7.1 percent year-on-year, and the total value of its imports was $402.85 billion, an increase of 3.5 percent compared with the same period last year. China's exports to the …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. Foreign investment in China at a high level With a population of over 1.4 billion and a middle-income group of over 400 million, China is a large market with the most potential in …

China's new development, world's new opportunities
9 months, 1 week ago

China's new development, world's new opportunities

China Daily  

A clerk counts yuan bank notes and US dollar bills at a branch of the Industrial and Commercial Bank of China in Huaibei, East China's Anhui province. Foreign investment in China at a high level With a population of over 1.4 billion and a middle-income group of over 400 million, China is a large market with the most potential in …

Guangdong sees trade growth in first 2 months of year
9 months, 1 week ago

Guangdong sees trade growth in first 2 months of year

China Daily  

Photo shows a view of Nansha Port in Guangzhou, South China's Guangdong province. Meanwhile, Guangdong's foreign trade volume with countries involved in the Belt and Road Initiative hit 515.33 billion yuan in January and February, up by 23.1 percent year-on-year and accounting for 38.2 percent of province's total, the statement said. Guangdong's good foreign trade performance with its major trade …

Shandong advances Chinese-style modernization
9 months, 2 weeks ago

Shandong advances Chinese-style modernization

China Daily  

To achieve its goal of becoming a leading area for green, low-carbon and high-quality development, Shandong province is pragmatically carrying out various tasks and taking solid steps toward becoming a strong province of socialism with modern characteristics in the new era. On Feb 26, construction started on 1,007 provincial projects involving emerging fields such as digital economy, high-end equipment and …

Economy of Shandong
9 months, 2 weeks ago

Economy of Shandong

China Daily  

Shandong is predominant in agriculture, renowned as "China's most outstanding agricultural province". Additionally, it enjoys an advanced marine economy accounting for one fifth of the national economic aggregate, and it has established more than 240 marine ranches with a total area of over 19,000 hectares. According to official statistics, the province's gross domestic product reached 9.21 trillion yuan in 2023, …

Foreign firms still keen to ramp up investment
10 months, 2 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Jan 30. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative …

Foreign firms still keen to ramp up investment
10 months, 3 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative ecosystem …

Foreign firms still keen to ramp up investment
10 months, 3 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly valuing China's modern industrial infrastructure, innovative ecosystem …

Foreign firms still keen to ramp up investment
10 months, 3 weeks ago

Foreign firms still keen to ramp up investment

China Daily  

A view of Shanghai's Pudong New Area. Multinational corporations will continue to ramp up investment in China this year as the country's immense consumption potential and innovation capabilities have bolstered their confidence, market observers and business leaders said on Tuesday. Zhang Wei, vice-president of the Beijing-based Chinese Academy of International Trade and Economic Cooperation, said that foreign investors are increasingly …

Guangdong becomes first province to surpass 13 trillion yuan GDP
11 months ago

Guangdong becomes first province to surpass 13 trillion yuan GDP

China Daily  

A view of Canton Tower in Guangzhou, Guangdong province. According to a government work report, the gross domestic product of Guangdong, an economic powerhouse in South China, grew 4.8 percent year-on-year to 13.57 trillion yuan in 2023. Last year's GDP growth indicated Guangdong has become the first province in China to surpass 13 trillion yuan, ranking the top in the …

Multiple sectors see rise in foreign investment
11 months, 4 weeks ago

Multiple sectors see rise in foreign investment

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. China saw the number of newly established foreign-invested enterprises reach 48,078 during the first 11 months of 2023, soaring 36.2 percent year-on-year, data from the Ministry of Commerce showed. In the meantime, foreign direct investment into the Chinese mainland in terms of actual use dropped 10 percent year-on-year to …

Shandong farm products speak their names
1 year ago

Shandong farm products speak their names

China Daily  

A farmer in the Zhangqiu district of Jinan, Shandong province, checks his scallions. Shandong province, relying on its unique natural conditions, has produced distinct farm products such as Shouguang vegetables, Jinxiang garlic, Zhangqiu scallions, Zhanhua winter dates and Yantai apples. Guided by the Shandong Provincial Department of Agriculture and Rural Affairs, more and more local specialties are becoming popular and …

Shandong keeps economy stable
1 year ago

Shandong keeps economy stable

China Daily  

Jinan, capital city of Shandong province. From January to October this year, industrial production in Shandong province remained stable, with the added value of industrial enterprises above designated size increasing by 6.9 percent year-on-year. The equipment manufacturing industry and consumer goods industry are showing signs of recovery, with added value increasing by 9.4 percent and 3.3 percent, respectively, year-on-year over …

Shandong retains strong appeal for investment
1 year, 1 month ago

Shandong retains strong appeal for investment

China Daily  

A worker processes equipment parts at a high-tech company in Rizhao, Shandong province. From January to September this year, the actual utilization of foreign investment in Shandong province reached 102.21 billion yuan, the fifth largest in the country, officials from the Shandong Provincial Department of Commerce announced at a news conference on Oct 30. During this period, the actual utilization …

Shandong retains strong appeal for investment
1 year, 1 month ago

Shandong retains strong appeal for investment

China Daily  

A worker processes equipment parts at a high-tech company in Rizhao, Shandong province. From January to September this year, the actual utilization of foreign investment in Shandong province reached 102.21 billion yuan, the fifth largest in the country, officials from the Shandong Provincial Department of Commerce announced at a news conference on Oct 30. During this period, the actual utilization …

Shandong poised to create world-class business environment
1 year, 1 month ago

Shandong poised to create world-class business environment

China Daily  

Employees work on the smart production line of a foreign-funded electronics enterprise in Rongcheng, Shandong province. LI XINJUN/FOR CHINA DAILY The Shandong provincial government recently issued 23 specific measures in six areas to further optimize the foreign investment environment in Shandong and better attract and utilize foreign capital, local media reported. To improve the quality of foreign investment utilization, the …

Shandong's GDP grows 6% in first three quarters
1 year, 1 month ago

Shandong's GDP grows 6% in first three quarters

China Daily  

A view of Qingdao Port in Shandong province. ZHANG JINGANG/FOR CHINA DAILY The gross domestic product of Shandong province reached 6.81 trillion yuan in the first three quarters of the year, a year-on-year growth of 6 percent in real terms, according to official statistics. Over the same time period added value of its primary industry increased by 4.3 percent to …

Shandong contributes greatly to BRI development
1 year, 2 months ago

Shandong contributes greatly to BRI development

China Daily  

WANG XIAOYING/CHINA DAILY East China's Shandong province has actively integrated itself into the national opening-up strategy since the launch of the Belt and Road Initiative. According to official statistics, the number of BRI countries with annual trade volume exceeding 10 billion yuan with Shandong increased from 18 to 30 from 2013 to 2022. Over the past 10 years, Shandong's trade …

Qingdao Multinationals Summit landmark event for boosting opening-up
1 year, 2 months ago

Qingdao Multinationals Summit landmark event for boosting opening-up

China Daily  

The fourth Qingdao Multinationals Summit, jointly organized by the Ministry of Commerce and the Shandong Provincial People's Government with approval from the State Council, will take place in the eastern coastal city of Qingdao from Oct 10 to 12. In the face of the new global situation and on the basis of soliciting opinions from multinational corporations and other parties, …

Shandong's improved business environment attracts more foreign investment
1 year, 2 months ago

Shandong's improved business environment attracts more foreign investment

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. This year, Shandong has issued 14 guidelines to stabilize foreign trade and foreign investment and encouraged foreign investment in research and development centers, continuously strengthening policy support and optimizing the business environment. Since 2005, foreign shareholders of Asia Symbol have increased their capital in Rizhao 27-fold, with a total …

Guidelines unveiled to draw more foreign investment
1 year, 3 months ago

Guidelines unveiled to draw more foreign investment

China Daily  

A view of the Lujiazui area in Shanghai. The guidelines, which were part of a policy document released on Sunday by the State Council, China's Cabinet, cover topics such as encouraging foreign investors to undertake major scientific research projects, ensuring equal treatment of foreign and domestic companies and exploring a convenient and secure management mechanism for cross-border data flows. This …

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