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Shandong Introduces Measures to Ensure Steady and High-quality Growth in Foreign Trade and Foreign Investment

Source：The seanews 07-30-2023 16:25:00

On July 27, Shandong held its first regular policy briefing, during which it interpreted the recently issued Several Measures to Promote Scale Stabilization, Structure Optimization, and High-quality Development of Foreign Trade and Foreign Investment.

Focusing on attracting and utilizing foreign investment, Shandong has proposed 10 measures, including deepening investment promotion activities, deepening investment cooperation with key countries and regions, improving the level of attracting investment in the manufacturing industry, further expanding the field of attracting foreign investment, leveraging the role of development zones as the main platform for utilizing foreign investment, strengthening the overall planning of key foreign investment projects, strengthening the guarantee of foreign investment project elements, increasing financial and tax support for foreign investment, enhancing financial policy support for foreign investment, and strengthening the construction of investment promotion teams.

Next, Shandong will encourage cities to establish various investment platforms overseas in accordance with regulations and carry out investment activities in a flexible and diverse manner. It will focus on high-end equipment, green energy and other fields, expand cooperation with developed economies such as Japan, South Korea, Europe and America, and make more efforts to attract foreign investment from key countries such as Japan, South Korea, Singapore, Germany, and key regions such as Hong Kong and Taiwan. Focusing on 11 symbolic industry chains including the new generation of information technology, high-end chemical industry, etc., it will introduce a number of foreign investment projects in the manufacturing industry to supplement, extend and strengthen the chain. It will encourage foreign investment to participate in the construction of major provincial projects and key green, low-carbon, and high-quality development projects.