BEIJING, May 19 (Xinhua) -- An online signing ceremony for foreign-funded projects was recently held in Jinan, capital of East China's Shandong province, with a total of 92 key projects signed during the event, reported China Economic Herald on Tuesday.
The projects, covering high-end equipment manufacturing, new energy and new materials, modern high-efficiency agriculture and other areas, will receive a total investment of 9.97 billion US dollars from 18 countries and regions including Japan and South Korea.
Liu Jiayi, Party secretary of Shandong, said that Shandong is gradually resuming normal economic and social activities while continuing to fight the novel coronavirus epidemic. The province has been ramping up efforts to realize further opening-up and promote business and cooperation.
Liu highlighted that the province has various advantages on attracting investments such as Shandong's sound business environment, preferential policy measures as well as development strategies including the China (Shandong) Pilot Free Trade Zone, the Shandong comprehensive pilot zone to replace old economic growth drivers with new ones and the demonstration zone in Qingdao for economic collaboration with Shanghai Cooperation Organization members.
Shandong also launched more preferential policy measures for further cooperation in market access, factor protection, fiscal and tax incentives, and talent introduction. With the province's good industrial foundation and system, there are more possibilities to deepen cooperation with foreign capital in the future. (Edited by Gao Jingyan with Xinhua Silk Road, firstname.lastname@example.org)