Shandong has launched 20 new measures to bolster the stability of foreign investment.
The State Council has approved a plan to deepen pilot projects for the innovative development of the service trade in 28 cities and regions, National Business Daily reported.
Shandong province has launched a series of measures to facilitate foreign investment and widen market access to improve its business environment and help counter the economic impact of the COVID-19 pandemic.
In the first half of 2020, Yantai has held a total of 69 promotional online investment activities in an effort to attract more capital and investment projects.
Driven by major projects, the investment situation in Shandong province continued to improve in the first half of the year, local officials said.
To offset the impact of the COVID-19 pandemic on the job market, Shandong province has scaled up efforts to take advantage of the internet to ensure employment and promote the resumption of work, the provincial department of human resources and social security said.
Since the beginning of this year, Shandong has launched 32 measures to stabilize foreign investment in the province by promoting work resumption of foreign-funded firms and projects as well as opening up more to foreign investors.