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China's Shandong showcases fruits in switching growth drivers at Qingdao Multinationals Summit

October 22, 2019


Abstract : The Qingdao exposition and trade fair themed "innovation motivates growth, cooperation promotes development" opened to public at Qingdao Multinationals Summit, which kicked off on Saturday in Qingdao, east China's Shandong Province.

Photo: Foreign attendees of the Qingdao Multinationals Summit take a group photo at the exhibition zone of Shandong's transition to new growth drivers.

JINAN, Oct. 22 (Xinhua) -- The Qingdao exposition and trade fair themed "innovation motivates growth, cooperation promotes development" opened to public at Qingdao Multinationals Summit, which kicked off on Saturday in Qingdao, east China's Shandong Province.

The three-day exhibitions and sideline events showcased Shandong's planning, achievements, key projects and cooperation potentials during its transition from old to new growth drivers.

Set in the first venue in Qingdao International Convention Center, the exhibition zone is structured as an eagle with wings opened wide, symbolizing that Shandong is ready to taking off during the transition and also embraces friends from all over the word.

The exhibition covers the planning and achievements in innovation and cooperation since Shandong was given go-ahead in building the country's first comprehensive pilot zone of switching gear to new growth engine at the beginning of 2018.

After a collection and screening process, 11 exhibits were selected to represent Shandong's transition to new driver, including maglev trains of CRRC Sifang Co., Ltd., shield tunneling machine of Jinan Heavy Industries Group and intelligent robots of Synthesis Electronic Technology Co., Ltd..

An official from Shandong Development and Reform Commission responsible for the exposition said "the central exhibition zone showed Shandong's achievements in changing to new drivers, favorable development environment and first-class business environment."

The central government has given a series of supporting polices and Shandong promulgated implementation plans accordingly including 45 measures to facilitate physical economy development.

The transition not only brings development opportunities for Shandong, but also provides room for international cooperation. Boosted by the program, the number of newly registered business entities soared 50.7 percent in the first half of 2019.

(Edited by Yang Qi, kateqiyang@xinhua.org)

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