Despite the impact of the novel coronavirus, Shandong province has made great efforts to stabilize foreign trade by releasing a series of policies and providing services for foreign trade companies.
The import and export value of Shandong province reached 2.04 trillion yuan ($288 billion) in 2019, exceeding 2 trillion yuan for the first time and ranking sixth in China.
Shandong province recently launched guidelines to facilitate the development of larger city clusters in the province in order to boost regional cooperation and coordinated development.
East China's Shandong province has been ramping up efforts to stabilize and expand employment and support entrepreneurship.
Shandong plans to establish a 1-billion-yuan ($141 million) incentive fund to support the high-quality development of its key industries affected by the COVID-19 pandemic.
In the face of declining overseas orders amid the COVID-19 epidemic, engine fittings supplier Qingdao Benda had planned to give some employees a holiday, but eventually decided to have them all working as usual.
East China's Shandong province has adopted a series of measures to help Taiwan-invested enterprises resume operations while also strengthening epidemic prevention and control measures.