The province of Shandong has been promoting the construction of major projects over the past year to boost investment in fixed assets, stabilize business confidence, and overcome the adverse impact of the COVID-19 pandemic.
Weihai, a coastal city in East China's Shandong province, has witnessed a boom in foreign trade during the 13th Five-Year Plan period (2016-20), according to local officials.
Shandong has been ramping up efforts to attract more transnational corporations to set up regional headquarters in the province to further develop the local economy.
The province of Shandong has been working to improve its business environment with targeted new measures and enhance the implementation of reform policies, said local officials.
In light of the challenges created by the COVID-19 pandemic, the province of Shandong will host a series of online activities to boost ties with Europe and facilitate cooperation with key European regions.
Shandong's economic recovery continued to gather momentum in November amid the coronavirus pandemic and a sluggish global economy.
Shandong province has witnessed steady growth in its foreign trade during the 13th Five-Year Plan (2016-20) period, according to local authorities.