Shandong high-quality development provides opportunities to international firms, individuals

The high-quality development of east China's Shandong Province featuring innovation and green development has been providing opportunities to foreigners ranging from business promoters to even internet influencers.

As leader in the country's foreign trade, the coastal province of Shandong has been making consistent efforts to push forward its high-level opening-up.

In the first half of this year, Shandong imported and exported 1.62 trillion yuan (230 billion U.S. dollars) worth of goods, marking a 4.3-percent year-over-year increase, according to the customs data released in mid-July.

The province's export to regions like the Association of Southeast Asian Nations (ASEAN), the European Union (EU), South Korea, and Brazil continued growing during the period.

Ryan Norman, an American living in Rizhao City, has been witnessing all the changes for years as Shandong's close economic ties with the world have boosted its development.

By sharing short videos of him wondering in local markets and making dishes in a big wok, Ryan has attracted over one million followers on social media.

"I am Ryan Norman, an American from California. Now I am married with a Rizhao woman. I have been in China for 19 years. I did some business before, but in recent years I've been making short videos. If the weather is good, staying on beach makes me happier. There is a 28-kilometer sunshine seaside track and every summer, we run back and forth along the track," he said.

The high-quality development of Shandong comes together with green development. In 2023, the province generated over 158 billion kilowatt-hours of green power from new energy and renewables, increasing by 21.9 percent year on year and representing 24.4 percent of the total power generated, up 3.6 percent from 2022.

Last year, the province issued a three-year action plan on promoting green and low-carbon high-quality development, as the province is set to pursue a deep integration of culture and tourism.

"As the environment is getting better and better, more locals like to visit our tea tourism cultural park and its good reputation has attracted droves of tourists," said Yan Zaoning, director of a local tea park.

Sebastian Valcic from Germany now works in an innovation zone in Jinan, the provincial capital of Shandong. He said in recent years, he witnessed over 500 enterprises from countries like Germany, France, Finland, and Japan setting branches in the innovation zone, and these changes boosted his confidence in China's high-quality development.

"Thanks to the institutional and mechanism reform of the Jinan Innovation Zone, I, as a German, can have the opportunity to join the investment promotion department of the Jinan Innovation Zone management committee. I am responsible for attracting global investment. Over the recent years, our team has signed over 100 projects. The Jinan Innovation Zone is a national new- and high-tech development zone, a free trade zone, a comprehensive bonded zone, a pilot zone for upgrading development engine, and a sci-tech innovation financial reform pilot zone. The innovation zone has so many institutional innovations and preferential policies for expanding opening-up. Every time we have an investment promotion event, I always want the investors to know how special here is," said Sebastian Valcic, an external liaison officer of the management committee's investment promotion department.

Apart from attracting investment, Sebastian Valcic said his team will also work to connect enterprises so that they can cooperate with potential partners up and down the industrial chain.

"We will introduce companies up and down the industrial chain to the enterprises so that they can connect, communicate, and cooperate with one another," he said.

According to its three-year action plan, Shandong will continue to enhance the quality and level of its trade and investment by enhancing the efficiency of using foreign investment and deepening international economic and trade cooperation.

Shandong high-quality development provides opportunities to international firms, individuals

Shandong high-quality development provides opportunities to international firms, individuals

Macao has been emerging as a global hub for conventions and exhibitions in recent years by exploring the enormous opportunities in the sector, driving the region to advance its economic diversification and embrace a brighter future.

Macao has received many awards this year, such as the Best Convention City (Asia) and the Best BT-MICE City, showcasing the recognition for and influence of Macao's exhibition industry.

More than 1,000 electronic game enthusiasts from all over the world gathered recently in Macao to participate in a esports themed event.

Su Zhili, organizer of the event, said that Macao's rich experience in hosting large-scale events, coupled with its good infrastructure, has driven him to choose the region as an ideal destination to hold such an activity.

"Macao has held many similar large-scale events. It has rich experience, and the facilities at the venue are relatively mature, so we can start our work comfortably," said Su.

During the first three quarters of 2024, Macao held more than 1,000 conferences and exhibitions in total.

"We will invite more professional, special conferences to be held in Macao and also cultivate more exhibition brands with international influence in Macao, so as to promote Macao's exhibitions to be more market-oriented, professional, international, digital and greener from various aspects. This is our goal," said Elaine Wong, member of the Macao Commerce and Investment Promotion Institute.

In addition, multiple large exhibitions and conferences, such as the Macao International Trade and Investment fair, the Macao Franchise Expo, and the International Infrastructure Investment and Construction Forum, are held regularly in Macao.

With the introduction of a series of policies and measures to facilitate the exchanges between the mainland and Macao, as well as the construction and development of the Guangdong-Hong Kong-Macao Greater Bay Area and the Guangdong-Macao In-Depth Cooperation Zone in Hengqin, Macao's convention and exhibition industry will embrace more opportunities for development in the foreseeable future.

"We have such a good industrial base in the Greater Bay Area. The mode of 'Convention and Exhibition + Industry' not only integrates the industries of Macao, but also the industries of the Greater Bay Area. In addition, Macao actively integrates into the national development and plays a role in the Belt and Road. Why are we so confident in Macao's convention and exhibition sector? Because it is backed by the motherland, and the country gives Macao great support," said Alan Ho, chairman of the Macao Association of Convention, Exhibition and Tourism Sectors.

Macao emerges as global hub for conventions and exhibitions, driving economic diversification and international recognition