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Shandong Hosts Conference on Reform and Innovation for High-Quality Development

Source：Haibao News 02-07-2025 09:00:00

Recently, the CPC Shandong Provincial Committee and the People's Government of Shandong Province convened a conference in Jinan to advance reform and innovation aimed at high-quality development. The conference underscored the need for Shandong to establish new strengths in high-quality development through landmark reforms and innovations. It emphasized on making steady advancements in the 92 reform tasks set by the CPC Shandong Provincial Committee for this year.

The conference also highlighted the importance of deepening institutional opening-up and reform. It called for enhanced innovation in systems governing high-level trade liberalization, investment facilitation, data flow, and high-standard "post-border" management, aiming to deliver more achievements in institutional innovations.

The Department of Commerce of Shandong Province emphasized in its statement the need to align more closely with international high-standard economic and trade protocols to elevate the development of its open economy. The department plans to vigorously support enterprises in exploring new markets via innovative channels such as cross-border e-commerce, overseas warehousing, and trade in intermediary goods. Additionally, it aims to enhance companies' capacity to utilize Significant Economic Presence (SEP) and other free trade regulations. Various measures will be implemented to advance the pilot free trade zones' strategic upgrades, alongside organizing 13 significant economic and trade events under the Shanghai Cooperation Organisation framework. The creation of a "Select Shandong" brand is expected to attract numerous multinational corporations and distinguished enterprises, fostering deep-rooted ventures in Shandong for mutual benefits.