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Comprehensive Strength
In 2008, the GDP of Shandong hit 3.1 trillion yuan, ranking the second nationwide. The local fiscal revenues reached 195.69 billion yuan and fixed asset investment amounted to 1.544 trillion yuan. The import and export volume totalled $158.14 billion. Foreign investment attracted to Shandong amounted to $8.2 billion. New contracts worth $7.54 billion were signed for export of labor services and 247 overseas enterprises or institutions were newly approved. At present, Shandong has established trade and economic ties with more than 200 countries and regions.
①The vehicle production line of China National Heavy-duty Truck Group Co., Ltd.
②Completed Dongyue automobiles roll off the line.
Industry & Construction
Shandong has established a well-based industrial system which is complete in range with such advantageous industries as steel, automobile, shipbuilding, petrochemical, light industry, textile, non-ferrous metal, equipment manufacturing and electronics. The industrial added value reached 1.672 trillion yuan in 2008. The outputs of 47 kinds of industrial products, such as refrigerators, household freezers, agricultural machinery, engineering machinery, heavy-duty trucks, motorcycles, machine-made paper and cardboard rank the first place nationwide. Machinery and equipment, electrical appliances and electronic products, textile products, garments, steel products and containers are the major exports of Shandong Province. A large number of brands, such as Haier, HiSense, Tsingtao Beer, Changyu, Inspur, Dongyue and Sinotruk are famous at home and abroad. More than 130 of the Fortune 500 companies, such as Shell, Siemens, Samsung, HP, Metro, Peugeot, Unilever, Mitsubishi, and Lucent-Alcatel have their business presence in Shandong.
There are 151 construction enterprises with certificates for overseas projects in Shandong Province. Five Shandong companies, including Shandong Electric Power Construction Corp., Qingjian Group Co., Ltd, Weihai International Economic & Technical Cooperative Co., Ltd, SEPCOIII Electric Power Construction Corporation, and Shandong Hongchang Road and Bridge Engineering Co., ltd, rank in the top 225 International Contractors of Engineering News-Record.
①Weihai Samjin Shipbuilding ②The Haier refrigerator production line
③Nanshan Aluminium ④Weichai Diesel
①Dongyue Chemical Industry ②The H steel bar production line of Laigang
③Inspur Electronics ④Weiqiao Textile
Service Industry
Finance and Insurance There are 198 banking institutions in Shandong, nine of which are foreign-funded bank branches or representative offices. There are 49 insurance entities, 4,763 branch institutions of various insurance companies, and 129 intermediary agents as legal person institutions.
Storage and Logistics Shandong has more than 3,000 enterprises involved in logistics. Besides such large Chinese-funded logistics enterprises as China National Materials Storage and Transportation Corporation (CMST) and China Ocean Shipping (Group) Company (COSCO), many foreign-funded enterprises, such as Maersk Logistics, Itochu, Hanjin Shipping and Singamas, have also settled down in Shandong.
Commerce In 2008, Shandong’s retail sales volume of social consumption goods totalled 1.038 trillion yuan. There were 483 commodity trading markets with annual turnover over 100 million yuan each, and 251 foreign-invested enterprises involved in wholesale and retail were approved.
Software Shandong has 11 software parks at the national or provincial levels, among which Qilusoft Park is one of the national 11 key software industrial parks and a national software export base. Qingdao Software Park is a software industrial base of the national Torch Plan. Among Shandong’s enterprises involved in software, 11 rank among China’s top 100 in the software industry. Jinan is a “National Service Outsourcing Base City.”
Intermediary Agent Service Shandong has 495 accounting firms and 821 law firms.
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Agriculture
Shandong is an important yield region of grain, cotton and edible oil as well as an important base in China for aquatic products, fruit, animal husbandry products and vegetables. In 2008, the agricultural added value reached 169.73 billion yuan, with total output of grain, vegetables, fruits, meat, aquatic products amounting to 42.61 million tons, 86.35 million tons, 13.96 million tons, 6.60 million tons and 7.49 million tons respectively. There are 8.7 million mu of pollution-free agriculture production bases and 7.2 million mu of green food bases. The export volume of agricultural produces of Shandong accounts for a quarter of the nation’s total.
①Heze peony ②Tea park ③Greenhouse plantation
Economic Zones and Parks
Shandong has 171 economic zones and parks above provincial level, including three national-level economic and technological development zones, five national-level hi-tech development zones, one bonded port, six export processing zones and 156 provincial-level economic development zones, which are the key areas for foreign investment attraction and foreign cooperation.
①Qingdao Economic and Technological Development Zone
②Yantai Economic and Technological Development Zone
③Weihai Economic and Technological Development Zone
In the near future, Shandong will speed up the construction of Shandong Peninsular Blue Economic Region, the Yellow River Delta High-Efficiency Ecological Economic Region and Shandong Peninsular High-End Industrial Cluster, as well as implement the adjustment and revitalization plans of ten key industries covering automobile, iron and steel, electronic information, shipbuilding, textiles, light industry, equipment manufacturing, nonferrous metals, chemical industry and logistics.
Key Investment Fields
Equipment Manufacturing
Mainly including automobile, shipbuilding, track transportation, electronic information equipment, engineering machinery, machine tools, complete sets of power generation, transformation and transmission equipment, energy conservation and environmental protection equipment, light industry and textile machinery, modern agricultural machinery, combustion engine, complete sets of large-scale coal and petroleum exploration equipment, heavy-duty equipment, petrochemical equipment, machinery for processing building-materials and equipment for producing new materials.
High-Technology Mainly including electronic information, biotech, new material, energy conservation and new energy.
Infrastructure Mainly including electrification of Beijing-Kowloon Railway Shandong section, Qingdao-Yantai-Weihai-Rongcheng intercity railway, Qingzhou-Linshu expressway, light rail transportation in Jinan, subway in Qingdao, up-grading of Weihai Airport and Rizhao Port wharf with an annual freight handling capacity of 300 thousand tons.
Modern Service Sector Mainly including service outsourcing, banking and insurance, R&D and designing, information service, cultural and creative industry, software development, community service, and tourism.
Energy Conservation and Environmental Protection Mainly including renewable energy, nuclear power, pumped-storage power station, wind power, bioenergy, solar energy and complementary energy power generation.
Modern Agriculture Mainly including “green” vegetables, animal husbandry, aquiculture, forestry and timber processing industry, floriculture, biotechnology, fine variety and species cultivation and breeding.
Standing at the new starting point, Shandong will continue to implement the scientific outlook on development, open itself wider to the outside world, speed up transformation of work direction, and, with a scientific and pragmatic attitude, take initiatives to make utmost efforts to build up a powerful province of economy and culture so as to fulfill the goal of enriching the people and invigorating the province.
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