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ShanDong Province

Soruce:中美省州合作专题子站 Author:中美省州合作专题子站 Add Time:2014-10-27 00:00:00

Brief Introduction to Shandong Province and its Cooperation with the United States

Located at the east seaboard of China, Shandong covers a land area of 157,100 km2, governs 17 cities, and has a population of 97.33 million. Shandong is a major economic powerhouse of China with rich culture and abundant tourism resources. It’s also one of China’s most dynamic regions with development potentials. GDP of Shandong amounted to RMB 5.5 trillion in 2013 (about USD 883 billion), ranking the third in the country. Shandong is strong in agriculture. It is China's important producer of grain, cotton, edible oil, aquatic products, fruit, animal products and vegetables. Shandong's agricultural export accounts for a quarter of the country's total. Shandong has well-developed industry with competitive sectors such as  iron &steel, automobile, shipbuilding, petrochemical, light industry, textile, non-ferrous metal, equipment manufacturing, and electronic information. Shandong is making great efforts to boost the service industry like information, logistics, education, R&D, culture, tourism, the aged care, healthcare, finance and commercial service. Shandong enjoys superior geographic location and excellent ocean-land-air transport network. Shandong has established fair and orderly market, transparent and efficient governance, harmonious and stable society. 

The US is Shandong’s largest trade partner and fourth largest FDI source country. There are now 1186 American-invested companies in Shandong with the total investment over USD 8 billion, including a number of renowned multinationals such as GM, GE, Caterpillar, International Paper, Walmart, HP, Microsoft, Tyson and Eaton. The US has become one of the important “going global” destinations for Shandong companies. Shandong invested USD 476 million in the US in 2013, exceeding America’s investment in Shandong that year, which was about USD 380 million. AS at May 2014, Shandong’s investment in the US has totaled USD 1.77 billion.

Shandong will adopt a more proactive strategy of opening up and commit to forging law-based, standard, internationalized pro-business environment. Shandong will work closely with American partners for joint growth and win-win results.