Shandong Province is situated in the east of China and on the lower reaches of the Yellow River.The province has a total area of 156,700 square km and a total population of over 87 million.It has under its jurisdiction 17 prefectures covering 139 counties and districts. Since the 1980s,Shandong has been implementing the State’s guiding principle of reform and opening,injecting vitality into its economic and social undertakings,realizing a historic jump,and becoming one of China’s economic giants. In 1998, GDP of Shandong reached RMB 716 billion,total import and export value:US$19.4billion,totalforeign investment: US$ 3 billion.
Shandong welcomes business people both at home and abroad to the province for trade,investment and cooperation.
The 16th “Qingdao Foreign Economy Fair and Electronic & Household Appliance Show, China ‘99″, is to be held from July 12 to 18, 1999, to promote foreign cooperation of economy and trade with the foreign countries and regions.
The Fair had been successfully held for 15 years in a run, concluding contracts of US$ 7.7 billion. Since the 12th Fair, businessmen from USA, Germany, Japan, Korea, Australia, Singapore, Hongkong, South africa etc, have been participating the event.
Hundreds of projects for jiont ventures with the foreign businessmen will be offered at this fair, and artex, garments, cereals oils, native products animal by-products, machinery,electronics, minerals, Light industrial products, arts and crafts be shown.