According to the Department of Commerce of Shandong Province, in the first half of the year, Shandong, focusing on the in-depth integration into the building of the “Belt and Road Initiative” and the key projects in replacing old growth drivers with new ones, has innovated the methods of outbound investment and witnessed steady growth, and has made solid progress in the building of overseas economic and trade cooperation zones, with key projects and key markets playing a prominent role.
From January to June 2020, Shandong's actual outbound investment was 28.07 billion yuan, an increase of 26.2%; of which the actual investment in countries along the “Belt and Road Initiative” was 6.2 billion yuan, an increase of 16.4%, accounting for 22.1% of the province's total. The 13 overseas economic and trade cooperation zones in Shandong that have been included in the statistics of the Ministry of Commerce have realized an investment of 1.59 billion yuan and a total production value of 8.71 billion yuan, and have driven 3.33 billion yuan in goods exports, thus becoming an important platform for Shandong enterprises to participate in international capacity cooperation. Shandong has newly signed 65 major projects over $10 million, with a contract value of 29.18 billion yuan, accounting for 90.8% of the province’s total; the newly signed contract value in the Asian market was 22.01 billion yuan, accounting for 68.5% of the province’s total.