Shandong promotes economic growth through openness

Shandong province, a coastal province in eastern China, has been actively promoting high-level opening up to drive economic growth and reform. By fostering a more open economy, the province aims to create new development opportunities and enhance its global competitiveness.

To achieve this goal, Shandong has focused on building a comprehensive network of open platforms, including free trade zones and bonded zones. These platforms have facilitated trade and investment and attracted numerous domestic and foreign enterprises. For instance, the Weifang Free Trade Zone has achieved remarkable results in cross-border e-commerce, accounting for 57.44 percent of the city's total cross-border e-commerce import and export volume.

Furthermore, Shandong has accelerated the integration of domestic and foreign trade by promoting the "three-in-one" initiative, which ensures that products meet the same standards for both domestic and international markets. This has enabled enterprises to expand their market reach and enhance their competitiveness.

In addition to promoting trade and investment, Shandong has also focused on improving its logistics infrastructure. By developing a comprehensive transportation network, including railways, ports, and highways, Shandong has significantly enhanced its connectivity with the rest of the world. The successful operation of the China-Europe freight train has played a crucial role in boosting trade with Eurasian countries. The province has also invested heavily in port automation and digitalization, making its ports more efficient and competitive.

Through these efforts, Shandong has successfully positioned itself as a leading province in China's opening-up strategy. Looking ahead, Shandong will remain committed to deepening its reforms and expanding its global reach.