Shandong remains a magnet for foreign investment
3 years, 5 months ago

Shandong remains a magnet for foreign investment

China Daily  

As Shandong continues to deepen its opening up and improve its business environment, it has become increasingly attractive to foreign investment, local media reported recently. Statistics from the Shandong Provincial Department of Commerce showed that there were 1,074 newly established foreign-invested enterprises in Shandong in the first five months of this year, a year-on-year growth of 31.5 percent, while the province's actual utilized foreign capital reached $8.32 billion, an increase of 70.7 percent year-on-year and 30.9 percent higher than that of the country. Liaocheng, Jining, Heze, Tai'an, Linyi, Dezhou, Weifang, and Binzhou increased their actual foreign investment by 1,275 percent, 625.4 percent, 585.8 percent, 310.7 percent, 279.5 percent, 184 percent, 142.5 percent, as well as 103.1 percent respectively. Foreign investment actually used in the province's service sector reached $5.68 billion, up 69.8 percent year-on-year. Foreign investment actually used in Shandong's high-tech service sector doubled, hitting $1.33 billion, up 183.7 percent year-on-year.

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History of this topic

Shandong boosts tourism infrastructure with new hotel projects
1 month, 3 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, 3 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 …

Foreign Investment in Services: A Vital Driver of Growth and Consumption in China
2 months, 1 week ago

Foreign Investment in Services: A Vital Driver of Growth and Consumption in China

China Daily  

China's service sector has witnessed a significant surge in foreign direct investment, with services accounting for 68.6 percent of total foreign capital utilization last year. The sector has shown remarkable resilience, with retail sales of services growing at a faster pace than goods retail. The government remains committed to fostering service consumption, with policies aimed at improving people's livelihoods and …

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, 4 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 …

Qingdao vows to create more opportunities for investors
4 months, 2 weeks ago

Qingdao vows to create more opportunities for investors

China Daily  

Qingdao aims to further optimize the foreign investment environment. Qingdao in Shandong province introduced 24 measures on Aug 1, which aimed at further optimizing the foreign investment environment and attracting more foreign investment to Qingdao. The 24 measures focus on promoting a higher level of openness, improving the quality of foreign investment utilization, strengthening policy element guarantees, promoting technological innovation …

Shandong promotes economic growth through openness
4 months, 2 weeks ago

Shandong promotes economic growth through openness

China Daily  

Shandong province, a coastal province in eastern China, has been actively promoting high-level opening up to drive economic growth and reform. To achieve this goal, Shandong has focused on building a comprehensive network of open platforms, including free trade zones and bonded zones. For instance, the Weifang Free Trade Zone has achieved remarkable results in cross-border e-commerce, accounting for 57.44 …

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, 4 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, 4 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, 4 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
6 months 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 …

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 …

Economy of Shandong
9 months, 3 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, …

Multiple sectors see rise in foreign investment
1 year 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 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 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's GDP grows 6% in first three quarters
1 year, 2 months 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 poised to create world-class business environment
1 year, 2 months 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 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 …

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, 4 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 sees trade with BRICS countries rise
1 year, 4 months ago

Shandong sees trade with BRICS countries rise

China Daily  

Uploaded containers are seen at Qingdao Port in Shandong province on Jan 9, 2023. According to statistics provided by Qingdao Customs, since the official launch of the BRICS cooperation mechanism in 2009, Shandong's trade volume with the other four members - Russia, India, Brazil and South Africa - has grown at an average annual rate of 13.1 percent. In the …

Shandong sees trade with BRICS countries rise
1 year, 4 months ago

Shandong sees trade with BRICS countries rise

China Daily  

Uploaded containers are seen at Qingdao Port in Shandong province on Jan 9, 2023. According to statistics provided by Qingdao Customs, since the official launch of the BRICS cooperation mechanism in 2009, Shandong's trade volume with the other four members - Russia, India, Brazil and South Africa - has grown at an average annual rate of 13.1 percent. In the …

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 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 registers record high foreign trade in H1
1 year, 5 months ago

Shandong registers record high foreign trade in H1

China Daily  

Qingdao Port, Shandong province. The foreign trade of East China's Shandong province rose 1.8 percent year-on-year to 1.56 trillion yuan in the first half of the year, the best performance in its history, according to official data released by the local customs authorities on July 18. During the Jan-June period, the imports and exports volume of Shandong's private enterprises hit …

Shandong's GDP growth hits 4.7% in Q1
1 year, 7 months ago

Shandong's GDP growth hits 4.7% in Q1

China Daily  

An employee welds equipment at a machinery manufacturer in Qingzhou, Shandong province. WANG JILIN/FOR CHINA DAILY Shandong province is off to a flying start this year, with its GDP surpassing 2 trillion yuan in the first quarter of the year, a year-on-year increase of 4.7 percent, demonstrating a stable and accelerated economic recovery. The added value of Shandong's primary industry …

Shandong works to stabilize, optimize foreign trade
1 year, 8 months ago

Shandong works to stabilize, optimize foreign trade

China Daily  

Container ships dock at Qingdao Port, Shandong province. In the first quarter of this year, 251 local enterprises were organized to participate in three exhibitions hosted by Shandong in Japan and Singapore, including the Shandong Agricultural Products Tokyo Exhibition, the Shandong Export Commodities Osaka Exhibition, as well as the Shandong Mechanical and Electrical Products Singapore Exhibition, with the intended transaction …

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 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 …

Foreign investors' latest targets in China
1 year, 10 months ago

Foreign investors' latest targets in China

China Daily  

New policies help integrate services, manufacturing to enhance industrial and supply chains Those hurt by COVID-19 disruptions to economic activities may want to call 2022 annus horribilis, but for German company Freudenberg Group that operates in China, last year was a good period. Experts said China's manufacturing sector is expected to become even more attractive to foreign investors, as stronger …

Shandong foreign trade surges 13.5% in Jan-Nov
2 years ago

Shandong foreign trade surges 13.5% in Jan-Nov

China Daily  

From January to November, the foreign trade value in Shandong province increased by 13.5 percent year-on-year, reaching 3 trillion yuan, according to local customs authorities. Shandong's general trade of imports and exports reached 1.97 trillion yuan, up 12.6 percent, accounting for 65.7 percent of the province's total. The import and export value of Shandong's bonded logistics stood at 484.5 billion …

Shandong's foreign trade rises 15.7% from Jan-Sept
2 years, 1 month ago

Shandong's foreign trade rises 15.7% from Jan-Sept

China Daily  

A US cargo ship docks at the Qingdao Port, Shandong province. In the first three quarters of this year, Shandong's foreign trade increased by 15.7 percent year-on-year to 2.44 trillion yuan, ranking sixth in the country, according to statistics from Qingdao customs. During this period, the province's exports surged by 20.8 percent to 1.48 trillion yuan, while its imports amounted …

Shandong's transportation network expands in past decade
2 years, 2 months ago

Shandong's transportation network expands in past decade

China Daily  

Containers are unloaded at Qingdao Port in Shandong province. Shandong's transportation network has been greatly improved during the past decade as the province has been beefing up efforts to build a comprehensive transport network that is convenient, cost-effective, green, intelligent and safe. In the past decade, Shandong's investment in transportation has repeatedly hit record highs, with its cumulative investment amounting …

Shandong witnesses booming foreign trade in past decade
2 years, 2 months ago

Shandong witnesses booming foreign trade in past decade

China Daily  

A US cargo ship docks at the Qingdao Port, Shandong province. According to Qingdao customs, from 2012 to 2021, the overall scale of foreign trade in Shandong grew steadily, with cumulative import and export volumes hitting 18.9 trillion yuan, an increase of 124.6 percent over the figure of the 2002-11 period. Shandong's foreign trade value increased from 1.55 trillion yuan …

Shandong becomes a marine powerhouse
2 years, 2 months ago

Shandong becomes a marine powerhouse

China Daily  

Qingdao Port Shandong has been beefing up efforts to become a strong maritime province since the 18th National Congress of the Communist Party of China in 2012, with specific measures taken to cultivate a competitive marine economy. Shandong has sped up the progress in the construction of world-class sea ports, a well-established modern maritime industry system, and a green and …

Shandong's foreign trade rises 18.2% in Jan-Aug
2 years, 3 months ago

Shandong's foreign trade rises 18.2% in Jan-Aug

China Daily  

According to Qingdao Customs, in the first eight months of this year, Shandong's foreign trade value reached 2.18 trillion yuan, up 18.2 percent year-on-year. A view of Qingdao Port in Shandong province on Sept 12, 2022 During this period, the province's exports reached 1.32 trillion yuan, up 25.3 percent, and imports stood at 855.27 billion yuan, up 8.7 percent. Private …

Shandong posts robust growth
2 years, 4 months ago

Shandong posts robust growth

China Daily  

Fishermen in Shidao fishing port of Rongcheng, Weihai, Shandong province, are busy unloading fresh Spanish mackerel on Sept 12. Province's efforts in improving people's lives, seeking quality development pay off This summer, Zhang Guoliang and his family spent three days of their vacation in Weihai, a coastal city in Shandong province. During Xi's visits to the province in recent years, …

Shandong's foreign trade grows 18.8% in Jan-July
2 years, 4 months ago

Shandong's foreign trade grows 18.8% in Jan-July

China Daily  

Containers are unloaded at Qingdao Port in Shandong province. In the first seven months of this year, the total value of Shandong's imports and exports reached 1.89 trillion yuan, up 18.8 percent year-on-year, according to local customs authorities. In July, Shandong's imports and exports reached 321.18 billion yuan, up 31.4 percent year-on-year, setting a new record for the third time …

Shandong powers ahead economically
2 years, 4 months ago

Shandong powers ahead economically

China Daily  

An Oriental stork flies to its nest on a pole at the Yellow River Delta National Nature Reserve in Dongying, Shandong. The province helped create 13 provincial-level competitive industrial clusters by last year, including clusters dedicated to new energy materials, information technology and marine equipment, by creating complete industrial chains and fostering a comprehensive, rules-based business environment that covers companies, …

Shandong's GDP rises 3.6% year-on-year in H1
2 years, 5 months ago

Shandong's GDP rises 3.6% year-on-year in H1

China Daily  

An employee works in a foreign-funded auto parts factory in Qingdao, Shandong province on May 23, 2022. In the first half of this year, Shandong's GDP amounted to 4.17 trillion yuan, up 3.6 percent year-on-year. From January to June, the total output value of the province's agriculture, forestry, animal husbandry and fishery industries reached 516.38 billion yuan, up 5.4 percent …

Shandong promotes all-round improvements of an open economy
2 years, 6 months ago

Shandong promotes all-round improvements of an open economy

China Daily  

Visitors inspect new models displayed at an auto show held in Jinan, Shandong province, during June 9-13. CHINA DAILY In recent years, Shandong province has been ramping up efforts to promote the all-round improvements of an open economy and attract more investment from Fortune 500 companies. Last year, 33 Fortune 500 companies invested in 69 projects in Shandong, including 49 …

Shandong promotes all-round improvements of an open economy
2 years, 6 months ago

Shandong promotes all-round improvements of an open economy

China Daily  

Visitors inspect new models displayed at an auto show held in Jinan, Shandong province, during June 9-13. CHINA DAILY In recent years, Shandong province has been ramping up efforts to promote the all-round improvements of an open economy and attract more investment from Fortune 500 companies. Last year, 33 Fortune 500 companies invested in 69 projects in Shandong, including 49 …

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 …

Shandong remains foreign investment magnet
2 years, 6 months ago

Shandong remains foreign investment magnet

China Daily  

Containers are unloaded at Qingdao Port in Shandong province in March. In 2021, the actually utilized foreign direct investment in the manufacturing sector reached $6.54 billion, up 72.9 percent year-on-year. For example, the Jiaodong Economic Circle, which consists of Qingdao, Yantai, Weifang, Weihai, and Rizhao, actually utilized foreign direct investment of $12.11 billion, up 9.7 percent. The Provincial Capital Economic …

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 …

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