For the first time in the past three years, Shandong China Merchants went to Europe to

(Shanghai News) China ’s Shandong Provincial China Merchants Team went to Europe to find business opportunities on the second day of the Lunar New Year (January 23).This is the first government organized by the government to go to the European economic and trade delegation for the past three years.

According to surging news reports, the EU China Merchants Group departed from Shanghai Pudong Airport on Monday (23) in the EU China Merchants Group on Monday (23rd) in Shandong Province.The delegation will visit the world's top 500 companies and industry leading enterprises such as Siemens, Danone, Nouryon, and Nouryon to implement early cooperation intentions and promote industrial project cooperation.

Among them, the delegation will also host the "Shandong -Bavaria Industrial Cooperation Exchange Conference" in Munich, Germany to promote the results of the new and old kinetic energy conversion in Shandong in recent years to the German industrial and commercial system.Industry chain docking and supply chain cooperation in the fields of technology, automobile parts, new energy and new materials.

The European China Merchants Troupe, which was visited for three years, went to the European economic and trade delegation for the first time in the crown disease epidemic.

The China Merchants Team was led by the Shandong Provincial Department of Commerce, including more than 20 people in the business departments of Zibo, Weifang and other municipal business departments, economic parks and some enterprises to participate.

Europe is an important source of foreign capital in Shandong.From January to November last year, the actual use of European investment of 610 million US dollars (about S $ 803 million) was actually used, an increase of 32.1 % year -on -year, of which 133.4 % of German investment increased.

As of the end of 2020, Europe has 1,401 existing enterprises in Shandong Province, and the actual use of foreign capital is US $ 6.74 billion.The source of foreign investment is mainly concentrated in Germany, France, the Netherlands, and the United Kingdom, with an investment of 84.2 %.