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Shandong Launches Investment Events to Promote Openingup

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Shandong Launches Investment Events to Promote Openingup 6 | ADVERTORIAL Tuesday, June 30, 2020 CHINA DAILY | 7 Area’s economy lifted Centers for trade and after inaugural meeting service opened at FTZ By YUAN SHENGGAO FTZ’s influence in attracting secured 134 contracts investment and high­level profes­ The China (Shandong) Pilot sionals. Free Trade Zone Yantai Area Focusing on becoming a key By YUAN SHENGGAO billion yuan ($90.86 billion). opened international trade and national economic center and a All the projects represented service centers last week. hub for logistics and technology The first Conference of Great the advanced technical level in The international trade center is innovation, the Jinan area has Business Partners held by China and helped Shandong fill expecting some 36 foreign trade developed a system for assessing Shandong in 2018 has helped the some industry gaps, according to companies to set up their opera­ human capital in a bid to empower province reap a raft of business the local government. tions there including JD Cloud, its industrial development. deals and attract professionals, By the end of May 2020, the Hengbang Supply Chain Compa­ It has also provided catering which has helped to boost the signed projects from the 2018 ny, and Shandong Longtai Petrole­ businesses with convenient servi­ economy with new growth driv­ Conference of Great Business um Equipment. ces for their registration and opera­ ers. Partners have gathered a total To date, the trade center has tion. With an aim of building a plat­ investment of 95 billion yuan. attracted 42 enterprises, generat­ To facilitate the construction of form for high­level exchanges And 14 projects, with an invest­ ing 9.79 billion yuan ($1.38 billion) industries such as modern marine and cooperation, the 2018 Con­ ment of 10.8 billion yuan in total, Weihai joins other cities in Shandong to promote investment in imports and exports from Janu­ and the shipping logistics, the ference of Great Business Part­ have been completed. projects and sign deals at the conference. PROVIDED TO CHINA DAILY ary to May. Qingdao area has carried out plans ners invited 1,096 guests from all The 2018 Conference of Great The two centers are part of the on supporting its marine industry walks of life from home and Business Partners also saw 57 area’s effort to attract investment via targeted policies and capital abroad, and more than 4,000 local employers in Shandong and promote international management. scholars and representatives reach cooperation intention Major companies have exchange, local officials said. In the first quarter of this year, from enterprises to participate agreements with 118 high­level As part of the China (Shandong) the cargo and container through­ in 11 forums and 17 negotiation professionals and teams from Pilot Free Trade Zone, the Yantai put of Shandong Port in the area activities. home and abroad. The Shandong Peninsula is surrounded by the Bohai Sea to the north and the Yellow Sea to the south. PHOTOS PROVIDED TO CHINA DAILY area is designed to be a pilot zone maintained growth, local officials At the event, the Shandong A website named “Select choice from over 300 for trade and investment coopera­ said. Development and Reform Com­ Shandong” was launched during tion between China and South The Shandong FTZ said it has mission presented 600 selected the first conference in 2018, to Korea, a base for intelligent marine explored 60 innovative measures, projects from diverse fields — provide information on invest­ corporate opportunities manufacturing and a demonstra­ with 24 relating to the business including new­generation infor­ ment projects, employment Shandong launches investment tion pilot area for the industrializa­ environment, 13 involving trade mation technology, new energy opportunities and capital flows, tion of national scientific and transformation and upgrading, and materials, intelligent mari­ involving more than 180 indus­ By YUAN SHENGGAO technological achievements and eight concerning the ocean econo­ time engineering and healthcare trial parks in 17 cities across the 312 international technologies. my, seven covering innovation­ — to seek investment from all province. Shandong is making efforts to projects The area said it has planned 170 driven development and the over the world. The website has documented promote 312 major projects at the innovative items revolving around financial sector and one referring events to promote opening­up Shandong is promoting at the Statistics from the provincial 600 key investment projects, 539 Conference of Great Business Part­ second Conference of Great the province’s 100 innovation pilot to regional economic development government show that a total of enterprise recruitment require­ ners, which gets under way in the Business Partners tasks, as part of the effort to pro­ between China, Japan and South 134 contracts were secured at the ments and the information of province on Tuesday. mote its development. Korea. first conference, the total more than 2,000 high­level pro­ Province in East China to host second Conference of Great Business Partners across 16 cities The conference has attracted a Approved by the State Council in As of April, the FTZ had wel­ amount of which reached 643 fessionals. group of the world’s top 500 compa­ 2019, the Shandong FTZ covers the comed 17,155 registered companies, nies, large State­owned enterprises 10 areas of Jinan, Qingdao and Yantai, with 207 foreign­invested ones. By YUAN SHENGGAO mittee of the conference. enterprises and selecting projects. These projects cover a wide range and the top 500 Chinese enterprises key projects spanning 119.98 square kilometers. From January to April, the amount Under the context of the influence A total of 3,545 corporate guests of areas including major infrastruc­ seeking business opportunities in It is developed under the focus of of paid­in foreign investment in the Dongying is to introduce at the mega investment promo­ of the COVID­19 pandemic and the have been approved to take part as of ture, Shandong’s top 10 industries the province. conference institutional innovation and the province’s FTZ reached $370 mil­ tion event kicks off in East normalization of epidemic preven­ June 22, of which 219 are from the and industrial technology reform, Shandong has introduced a num­ requirement of accumulating prac­ lion, and the value of its imports China’s Shandong on tion and control, the conference is world’s top 500 enterprises, 193 from demonstrating Shandong’s determi­ ber of key industrial projects, major tices that may be replicated and and exports was 77.14 billion yuan. Tuesday, as part of the expected to deepen communication China’s top 500 companies, 999 from nation to replace old economic infrastructure and new infrastruc­ applied elsewhere, local officials During the period, the Shandong province’s efforts to further expand A and exchanges with investors at industry­leading companies and 356 growth drivers with new ones and ture construction projects, industri­ 10.2 said. FTZ has helped attract 9.8 percent its opening­up and shore up high­ home and abroad, strengthen inves­ from startups. bringing in high­quality investment, al technical innovation projects and billion yuan The Shandong FTZ consists of of foreign investment and contrib­ quality development. tors’ confidence in Shandong, A total of 1,885 guests are engaged Ren said. mixed­ownership SOE reform pro­ three areas with different targets, uted 12.5 percent of the value of total assets of Shandong Port Attaching great importance to expand new fields for cooperation in Shandong’s top 10 industries, A total of 129 selected projects are jects to guests at home and abroad. Group by the end of 2019 aiming to improve the local busi­ imports and exports in the prov­ bringing in investment, collaborat­ and stabilize the industrial and sup­ which are new­generation informa­ from Shandong’s top 10 industries, More than 10 key industrial pro­ ness environment and enhance the ince, local officials said. ing with Hong Kong and Macao and ply chains, Ren said. tion technology, high­end equip­ accounting for 41.3 percent of the total. jects will be introduced at the con­ win­win cooperation with multiple With its main venue set up in Ji­ ment, new energy and new materials, And projects from emerging industries ference, including a national rare mote mixed­ownership reforms for partners, the Second Conference of nan, the conference features online modern marine, healthcare, green account for nearly 70 percent of the earth catalytic research institute SOEs to help them expand their Great Business Partners and Inter­ project promotions in 16 cities chemicals, modern agriculture, cul­ total, with 56 projects covering 5G, big project and a catalyst resource utili­ market and increase capital. national Summit on Innovation and across Shandong province, includ­ ture creativity, tourism and modern data and industrial internet industries. zation and water treatment agent A batch of mixed­ownership Government policies Development of Youth Entrepre­ ing Qingdao, Yantai, Rizhao, Liao­ finance. To meet the requirements of epi­ project in the city of Dongying. reform projects will be promoted at neurs is Shandong’s first high­level cheng, Weihai and Dongying. With an aim to forge new econom­ demic prevention and control, Shan­ Other major infrastructure pro­ the conference. One of them activity this year for opening­up and “The conference is rich in content ic growth drivers, the province select­ dong has developed a complete virus jects, including the reconstruction involves Shandong Port Group, stabilize foreign deals investment, said Ren Airong, vice­ and innovative form. In fact, it is an ed 312 quality projects for inviting prevention and control system to guar­ of highway bridge, the construction established in August 2019 in Qing­ Vehicles are carried along the production line of a smart automo­ governor of Shandong province.
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