Shandong's Integration into the Belt and Road Initiative
(chinadaily.com.cn)| Updated : 2018-05-16Print Print
The China (Shandong) Brand Products Central and Eastern Europe Expo held in Hungary is the only national comprehensive industrial exhibition in Central and Eastern Europe, and has become an important platform for Shandong enterprises to explore that market. The India International Trade Fair has an annual exhibition area of about 100,000 square meters and exhibitors from more than 30 countries and regions, and attracts nearly 200,000 visitors. Apart from supporting displays of Shandong products and sales center in countries along the B&R including Hungary and Indonesia, Shandong has erected five provincial public overseas warehouses in Hungary, the UAE and other places to provide one-stop warehousing and distribution services for cross-border e-commerce companies based in the province.
The Bangladesh Dhaka Airport Expressway Project was jointly constructed by Shandong Foreign Economic Group and China Hydropower International. [Photo provided to chinadaily.com.cn]
Cooperation of productivity
Maz-Weichai, a joint-venture company, was founded by Weichai Group and Belarus’s Maz Group. The company occupies an area of approximately 33,000 square meters and has an annual output of 20,000 units. Qingdao Haier Co Ltd plans to invest 400 million yuan to build a new factory in Russia with an annual output capacity of 500,000 drum washing machines. Sun Paper Group invested 2.9 billion yuan in Laos to set up a bleached sulphate hardwood pulp production line with an annual output of 300,000 tons.
Connection of Facilities
Shandong has carried out important cooperation in infrastructure industries including power engineering, transportation, petrochemicals, and housing construction. Ruyi Group and Huaneng Group jointly invested 1.8 billion dollars for a 2×660MW coal-fired power plant project in Sahiwal, Pakistan. It has become the fastest-built efficient clean coal-fired power plant with the highest installed capacity and leading technology utilizing energy-saving and environmentally-friendly combustion in the China-Pakistan Economic Corridor. The coal power station was hailed by the Pakistani government as "a miracle in Pakistan's power construction history." The Oman-surh independent power station project contracted by Shandong Electric Power Construction No 3 Engineering Company has a contract value of 610 million dollars. The Bangladesh Dhaka Airport Expressway project, jointly constructed by Shandong Foreign Economics Group and China Hydropower International, is the first urban expressway planned by the Bangladesh government to improve traffic conditions in Dhaka. It is also one of the most prioritized infrastructure projects developed by the Bangladesh government.
Pakistan's Sahiwal Power Plant jointly is invested by Ruyi Group and Huaneng Group. [Photo provided to chinadaily.com.cn]