Many cities in Shandong Province have been made great achievements in optimizing the international business environment, seized opportunities for investment promotion and formulated special investment promotion plans, and frequently made “coups” in attracting foreign investment.

Shandong has successively formulated a series of policies and initiatives, such as The Opinions on Deepening Reform and Innovation to Create a New Highland for Opening-up, “32 Initiatives” for Stabilizing Foreign Investment, “20 Initiatives” for High-level Utilization of Foreign Investment, The Initial Action Plan for Implementing RCEP, with view to improving level and quality of business environment construction in Shandong Province, actively creating an investment paradise for multinational companies, and creating a new highland for opening-up. In addition to implementing the policies of Shandong Provincial People’s Government, the 16 cities in Shandong have made great efforts to attract foreign investment with the greatest sincerity based on their own advantages, helping foreign investors overcome their difficulties to promote production startup of projects.

In the future, Shandong will continuously deepen its reform and opening-up, improve its level of internationalization and degree of export-oriented economy, and accumulate development momentum in the process of deep integration into the world economy. Based on the new initiatives with precision targets and strong supports, Shandong will become more and more attractive to foreign investors. Shandong is doomed to be a new hotspot for foreign investment.