Shandong upgrades business environment for foreign companies
2 years, 6 months ago

Shandong upgrades business environment for foreign companies

China Daily  

Staff members make industrial robots in a precision machinery company in Yantai, East China's Shandong province on June 8, 2022. In recent years, Shandong province has been ramping up efforts to stabilize foreign investment and provide a better business environment and services for foreign companies. The province has issued a number of policies and measures aimed at promoting the high-quality development of foreign-funded projects and companies, including the guidelines on deepening reform and innovation to make Shandong a new frontier for opening-up, the 32 guidelines on stabilizing foreign trade and foreign investment, the 20 guidelines on making high-quality use of foreign investment, and the implementation of the RCEP advance action plan. According to Li Runming, a general manager at Asia Symbol Pulp and Paper Co, the company has raised capital nine times in a row since 2005, which has generated more than 20 billion yuan, making it China's largest commercial wood pulp production and supply enterprise and a leading enterprise in Shandong's paper industry. In the first four months of this year, there were 552 newly established foreign-invested enterprises in Shandong, with actual utilized foreign capital hitting $7.82 billion, up 12.7 percent year-on-year.

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History of this topic

Global firms mark up expectations of China
3 weeks, 1 day ago

Global firms mark up expectations of China

China Daily  

By CHENG YU | China Daily | Updated: 2024-12-02 10:20 Delegates watch and take photos of a dancing humanoid robot during the seventh China International Import Expo in Shanghai on Nov 6. However, at the China International Import Expo, a major international event held in Shanghai in November each year, the brand growth cycle that used to be measured in …

Global firms mark up expectations of China
3 weeks, 1 day ago

Global firms mark up expectations of China

China Daily  

By CHENG YU | China Daily | Updated: 2024-12-02 10:20 Delegates watch and take photos of a dancing humanoid robot during the seventh China International Import Expo in Shanghai on Nov 6. However, at the China International Import Expo, a major international event held in Shanghai in November each year, the brand growth cycle that used to be measured in …

Global firms mark up expectations of China
3 weeks, 1 day ago

Global firms mark up expectations of China

China Daily  

By CHENG YU | China Daily | Updated: 2024-12-02 10:20 Delegates watch and take photos of a dancing humanoid robot during the seventh China International Import Expo in Shanghai on Nov 6. However, at the China International Import Expo, a major international event held in Shanghai in November each year, the brand growth cycle that used to be measured in …

Door opened wider for foreign-invested businesses
3 weeks, 5 days ago

Door opened wider for foreign-invested businesses

China Daily  

By ZHONG NAN| China Daily| Updated :2024-11-28 When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

WANG YANGYANG/FOR CHINA DAILY When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their …

Door opened wider for foreign-invested businesses
3 weeks, 6 days ago

Door opened wider for foreign-invested businesses

China Daily  

When discussing the pace of innovation in China, Matthew Ye, the local head of French tire and mobility company Michelin, offers a perspective that differs from many senior executives in other parts of the world. "As a result, I must spend more time to push our local, European and Japanese engineers in China to accelerate their innovation efforts," Ye said, …

China pivotal to MNCs' global biz strategy
Trending News
1 month ago

China pivotal to MNCs' global biz strategy

China Daily  

Visitors experience lens products from German optical systems company ZEISS Group at its booth during the seventh CIIE in Shanghai on Nov 9. Highlighting that this grand event has established itself as a premier venue for global product debuts for seven years, Arnold Li, senior vice-president of Ingersoll Rand Inc, a US industrial goods manufacturer and seven-time participant at the …

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 …

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 …

Shandong manufacturers contributing to country's industrial innovation, reform
4 months, 3 weeks ago

Shandong manufacturers contributing to country's industrial innovation, reform

China Daily  

An intelligent workshop of a textile company in Binzhou city, East China's Shandong province, July 29, 2024. In a robot-making factory located in East China's Shandong province, fully automated intelligent robots move through aisles in an orderly way, carrying out tasks such as monitoring production process and even collaborating to assemble new robots from bolts and parts. The manufacturing industry …

Shandong manufacturers contributing to country's industrial innovation, reform
4 months, 3 weeks ago

Shandong manufacturers contributing to country's industrial innovation, reform

China Daily  

This undated photo shows industrial robots working on a production line in a factory in Shandong province. With the development of sci-tech innovation and continuous breakthroughs of artificial intelligence technology, industrial robots are also gradually being used in wider cases. "We will continue to invest in innovation in robots, in making them more adaptable for wider application, and by integrating …

Shandong manufacturers contributing to country's industrial innovation, reform
4 months, 3 weeks ago

Shandong manufacturers contributing to country's industrial innovation, reform

China Daily  

An intelligent workshop of a textile company in Binzhou city, East China's Shandong province, July 29, 2024. In a robot-making factory located in East China's Shandong province, fully automated intelligent robots move through aisles in an orderly way, carrying out tasks such as monitoring production process and even collaborating to assemble new robots from bolts and parts. The manufacturing industry …

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, …

Foreign investment in Shenzhen's Qianhai exceeds $40b
5 months, 4 weeks ago

Foreign investment in Shenzhen's Qianhai exceeds $40b

China Daily  

This undated photo shows a bird's eye view of Qianhai of Shenzhen, Guangdong province, China. "Global investors are seizing a new round of opportunities arising from the development of new quality productive forces," Wang Jinxia, deputy director of the Qianhai Authority, told China Economic Roundtable, an all-media talk platform hosted by Xinhua News Agency. First introduced in 2023, new quality …

Shandong forges ahead with green, low-carbon, high-quality development
6 months, 3 weeks ago

Shandong forges ahead with green, low-carbon, high-quality development

China Daily  

Shandong province is making significant strides in establishing a modern industrial system and fostering green, low-carbon, high-quality development. Shandong is actively constructing a modern industrial system, revitalizing traditional industries while implementing major adjustments to production force layouts. It is accelerating the development of new and renewable energy sources, while simultaneously initiating the transformation and upgrading of the provincial coal power …

Shandong continues to draw FDI from MNCs
8 months, 3 weeks ago

Shandong continues to draw FDI from MNCs

China Daily  

A high-end equipment cooperation session recently took place in Beijing as part of cooperation talks between Shandong and multinational corporations. This event oversaw the signing of contracts for three significant high-end equipment projects, totaling a remarkable $320 million in investment, including foreign capital contracts valued at $25 million. Executives from various multinational high-end equipment companies gathered at the venue, highlighting …

Tech-empowered transformation promotes high-quality development
9 months ago

Tech-empowered transformation promotes high-quality development

China Daily  

Production equipment presses auto parts at a manufacturing base of Wuzheng Group in Wulian county, East China's Shandong province, March 13, 2024. Tech-empowered transformation and upgrading of companies promote high-quality economic development in different parts of China. Currently, there are a total of 81 national sci-tech small- and medium-sized enterprises, 54 high-tech enterprises, and 12 SMEs that use special and …

Tech-empowered transformation promotes high-quality development
9 months ago

Tech-empowered transformation promotes high-quality development

China Daily  

Production equipment presses auto parts at a manufacturing base of Wuzheng Group in Wulian county, East China's Shandong province, March 13, 2024. Tech-empowered transformation and upgrading of companies promote high-quality economic development in different parts of China. Currently, there are a total of 81 national sci-tech small- and medium-sized enterprises, 54 high-tech enterprises, and 12 SMEs that use special and …

Singaporean paper giant expands investment into Shandong
9 months, 3 weeks ago

Singaporean paper giant expands investment into Shandong

China Daily  

The paper production line of Asia Symbol Pulp and Paper Co Ltd in Rizhao. Asia Symbol Pulp and Paper Co Ltd is one of the largest foreign enterprises in Shandong province with advanced processes, technology and environmental performance. As a vertically integrated pulp and paper enterprise under Singapore's Royal Golden Eagle group, it was established in the city of Rizhao, …

Shandong launches 1,007 major projects to boost high-quality development
9 months, 3 weeks ago

Shandong launches 1,007 major projects to boost high-quality development

China Daily  

A sub-venue of the conference was set up in the city of Liaocheng, Shandong province. Shandong province held a promotional ceremony on Feb 26 to mark the start of construction on 1,007 major projects with a total investment of more than 1.2 trillion yuan. These projects are poised to provide new solutions to promote industrial structure upgrading, enhance infrastructure and …

Singaporean paper giant expands investment into Shandong
9 months, 3 weeks ago

Singaporean paper giant expands investment into Shandong

China Daily  

The paper production line of Asia Symbol Pulp and Paper Co Ltd in Rizhao. Asia Symbol Pulp and Paper Co Ltd is one of the largest foreign enterprises in Shandong province with advanced processes, technology and environmental performance. As a vertically integrated pulp and paper enterprise under Singapore's Royal Golden Eagle group, it was established in the city of Rizhao, …

Shandong keeps economy stable
1 year, 1 month 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-made agricultural machinery sells well overseas
1 year, 1 month ago

Shandong-made agricultural machinery sells well overseas

China Daily  

Shandong, an agricultural powerhouse and a major production base of agricultural machinery, has in recent years been embracing intelligent manufacturing. There are currently over 2,000 agricultural machinery equipment manufacturing enterprises, including about 450 large-scale ones, in Shandong. In 2022, the agricultural machinery equipment industry in Shandong generated a revenue of 87 billion yuan, a year-on-year growth of 6 percent. "Since …

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 …

Foreign-funded companies laud full opening-up in manufacturing
1 year, 1 month ago

Foreign-funded companies laud full opening-up in manufacturing

China Daily  

Employees work on the smart production line of a foreign-funded electronics enterprise in Rongcheng, Shandong province. LI XINJUN/FOR CHINA DAILY Executives of foreign businesses have reaffirmed their resolve to ramp up investment in China, following the country's decision to remove all restrictions on foreign investment in the manufacturing sector. Sharing similar views, James Han, president for China unit of Wartsila …

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'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 …

Shandong optimizes ways of drawing, deploying foreign investment
1 year, 3 months ago

Shandong optimizes ways of drawing, deploying foreign investment

China Daily  

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 …

Shandong promotes stable growth of foreign trade, investment
1 year, 4 months ago

Shandong promotes stable growth of foreign trade, investment

China Daily  

Uploaded containers are seen at Qingdao Port in Shandong province on Jan 9, 2023. Shandong province recently launched 26 measures aimed at achieving higher-standard opening up, promoting stable growth of foreign trade and investment, and optimizing the business environment. Steps will be taken to strengthen export credit support, refine foreign exchange services, expedite the process for export rebates, and help …

Shandong looks to bolster development of 'little giants'
1 year, 4 months ago

Shandong looks to bolster development of 'little giants'

China Daily  

Industrial robots work on a car production line at a factory in Yantai, Shandong province. Shandong's small and medium-sized enterprises showed stable development since the beginning of this year, laying a solid foundation for the steady operation of the province's macroeconomy, said local officials. Shandong is now home to 16,075 SMEs that specialize in niche sectors, command a high market …

Shandong remains hotspot for foreign investment
1 year, 4 months ago

Shandong remains hotspot for foreign investment

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. East China's Shandong province remains a highly favored investment destination for global companies, said local officials at a recent news conference. In the first half of the year, Shandong invested $1.21 billion into various BRI countries, an increase of 19.4 percent year-on-year, accounting for 25 percent of the province's …

Shandong accelerates construction of special industrial clusters
1 year, 5 months ago

Shandong accelerates construction of special industrial clusters

China Daily  

Industrial robots produce auto parts on production lines at a factory in Yantai, Shandong province. A provincial working conference to boost the development of local characteristic industrial clusters was held on July 20 in Tai'an, Shandong province. According to Shandong authorities, the cultivation of characteristic industrial clusters in the province started early and has yielded fruitful results. Four batches of …

Shandong's GDP up 6.2% in H1
1 year, 5 months ago

Shandong's GDP up 6.2% in H1

China Daily  

A worker operates intelligent machine tools to make industrial robots at a factory in Yantai, Shandong province. The gross domestic product of East China's Shandong province totaled 4.41 trillion yuan in the first half of 2023, up 6.2 percent year-on-year, according to the Shandong Provincial Bureau of Statistics. During the period, the added value of the province's primary industry reached …

Industry still lynchpin of future growth
1 year, 7 months ago

Industry still lynchpin of future growth

China Daily  

An employee operates a robotic arm at an AI manufacturing plant in Huzhou, Zhejiang province. XIE SHANGGUO/FOR CHINA DAILY Key meeting says shift in focus from real to virtual economy to be avoided China's latest emphasis on speeding up the construction of a modern industrial system backed by the real economy will help the country gain a competitive edge in …

Industry still lynchpin of future growth
1 year, 7 months ago

Industry still lynchpin of future growth

China Daily  

An employee operates a robotic arm at an AI manufacturing plant in Huzhou, Zhejiang province. XIE SHANGGUO/FOR CHINA DAILY Key meeting says shift in focus from real to virtual economy to be avoided China's latest emphasis on speeding up the construction of a modern industrial system backed by the real economy will help the country gain a competitive edge in …

Shandong boosts efforts to attract, utilize foreign investment
1 year, 9 months ago

Shandong boosts efforts to attract, utilize foreign investment

China Daily  

China will further its efforts to attract and utilize more foreign investment this year, as outlined in the Government Work Report submitted to the national legislature for deliberation on March 5. Yantai, a coastal city in Shandong, has been working hard to create a better business environment for foreign companies in recent years. Relying on open carriers, such as free …

Shandong enterprises' foreign trade showing promising growth
1 year, 9 months ago

Shandong enterprises' foreign trade showing promising growth

China Daily  

Engineering machinery is loaded at Yantai Port, Shandong province, for export to Indonesia. TANG KE/FOR CHINA DAILY On the white cardboard production line of Shandong Sun Paper Group in Jining, employees are busy working on 7,000 metric tons of high-grade card packaging paper for an urgent order. In recent years, the company has been taking advantage of foreign trade policies …

Shandong transforms, upgrades manufacturing industry
1 year, 9 months ago

Shandong transforms, upgrades manufacturing industry

China Daily  

An employee operates equipment at a smart production facility in Yantai, Shandong province, in November. TANG KE/FOR CHINA DAILY As a major industrial province, Shandong has been insisting on taking high-quality development as its primary task, with a focus on promoting structural adjustment, transformation and upgrading, and accelerating the development of high-end, intelligent and green manufacturing, said local officials. While …

Shandong maps out innovative blueprint for SMEs
1 year, 10 months ago

Shandong maps out innovative blueprint for SMEs

China Daily  

The Information Office of the Shandong Provincial Government held the seventh news conference for "Unswervingly Promoting High-quality Development" on Feb 22 to interpret the "Opinions on Accelerating the Construction of a Science and Technology Powerful Province in the New Era" and introduce Shandong's in-depth implementation of the innovation-driven strategies. We aim to cultivate more than 200 national 'little giant enterprises', …

Shandong stabilizes foreign trade, investment
1 year, 10 months ago

Shandong stabilizes foreign trade, investment

China Daily  

Containers at a port in Qingdao, East China's Shandong province, on Jan 22, 2023. East China's Shandong province plans to ramp up efforts to stabilize foreign trade and investment and expand opening-up this year, according to officials from the Department of Commerce of Shandong. Official data showed that in 2022, the total value of Shandong's foreign trade reached a record …

Shandong high-tech enterprises to surpass 30,000 in 2023
1 year, 10 months ago

Shandong high-tech enterprises to surpass 30,000 in 2023

China Daily  

A worker assembles vehicles in a factory in Weifang, Shandong province, Jan 28, 2023. Shandong province plans to speed up efforts to achieve greater self-reliance and strength in science and technology this year, local authorities said at a recent work conference. In 2023, the province plans to increase investment in research and development by more than 10 percent, and the …

Shandong to boost development of advanced manufacturing
1 year, 11 months ago

Shandong to boost development of advanced manufacturing

China Daily  

An employee works on the auto parts production line of a carmaker in Yantai, Shandong province. TANG KE/FOR CHINA DAILY According to the provincial government work report, Shandong will take solid steps to build an advanced manufacturing powerhouse, replace old growth drivers with new ones, and make greater efforts to build a modern industrial system. The high-quality development of the …

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