As nation sharpens focus on growth, foreign firms ramp up investments, expand operations.
Shandong province in eastern China is promoting strategic upgrading of the China (Shandong) Pilot Free Trade Zone (FTZ) through a plan issued in January aimed at reform and innovation.
Qingdao FTZ will deepen economic and trade exchanges with Central Asian countries, and roll out a batch of measures to facilitate trade and investment.
The Qingdao Area of the China (Shandong) Pilot Free Trade Zone (Qingdao FTZ) launched a platform focused on comprehensive services for talents and enterprises, the first of its kind in Shandong province,on Feb 9.
Qingdao FTZ plans to prioritize the development of its shipping, trade, finance, integrated circuits, and gene technology sectors, and strive to become an international shipping hub in Northeast Asia, a core area of an innovative city, and a cluster of future industries this year.
Qingdao FTZ is planning to hold four job fairs mainly for enterprises specializing in advanced manufacturing, integrated circuits, shipping logistics, international trade and other industries in the area.
Qingdao's trade of cross-border e-commerce in 2022 doubled the figure of 2021, reaching 62.7 billion yuan ($9.25 billion) and accounting for 6.9 percent of the city's total foreign trade volume.
The Qingdao Area of the China (Shandong) Pilot Free Trade Zone (Qingdao FTZ) achieved robust growth in 2022, according to the zone's administration.
China (Shandong) Pilot Free Trade Zone Qingdao Area
