This year, Dongying in East China's Shandong province has bolstered its foundation in foreign trade and investment. The city has enhanced its high-level openness and made significant progress in advancing the high-quality development of its business sector.
This year, Dongying has leveraged export credit insurance policies to support 420 companies, facilitating foreign trade exports totaling more than $700 million. From January to July, the city’s foreign trade import and export volume reached 156.85 billion yuan ($22.05 billion), marking a 13.2% year-on-year increase. Dongying ranks fourth in Shandong in both total volume and growth rate.
Dongying has steadily advanced its overseas investments, supporting key industries like rubber tires and energy chemicals in their international ventures. From January to June, the city recorded six non-financial overseas investment enterprises (including overseas institutions) with planned investments totaling $75 million.
By enhancing efforts to stabilize foreign trade and investment, Dongying is driving rapid growth in its business economy.
