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Investing in Shandong

Shandong is a coastal province located in Eastern China. An illustrious hub for the maritime economy and one of the largest producers of agricultural, livestock, and fisheries goods. Shandong province is also known as the most important production center for light and heavy industry in China. Jinan is the capital and the second-largest city in Shandong province after Qingdao. The Province of Shandong ranks as China's second most populous with a population of 100.7 million inhabitants covering a total surface area of 157,100 km2.

Shandong province accomplished 30,733 foreign investment companies with a total export of USD 161.5 billion and a total import of USD 134.8 billion. In addition to an average urban salary of USD 11,122.

In terms of GDP, the Province of Shandong ranked third in China after Jiangsu province, reaching USD 1,126 billion in 2020 and USD 1,021 billion in 2019 with a GDP per capita of USD 10,138. Along with GDP growth of +5.5% in 2019 and +3.6% in 2020.

Main Economic Centers (GDP) in Shandong

• Qingdao (USD 169 billion)

• Jinan (USD 136 billion)

• Yantai (USD 110 billion)

• Weifang (USD 82 billion)

• Linyi (USD 66 billion)

Main Sectors in Shandong

• Automotive

• Domestic appliances

• Petrochemical

• Industrial machinery

Main Industrial Areas in Shandong

• Shandong Pilot Free Trade Zone