Many Shandong businesses are capitalising on their foreign trade networks and importing raw materials. They are also making direct investment abroad to strengthen their sourcing ability. Notably, the demands of small and medium-sized enterprises are strong, particularly with regard to such services as project financing and tax arrangements.
Riding on the existing Greater Mekong Sub-region (GMS) Economic Cooperation mechanism and the establishment of ASEAN Economic Community, the China-IndoChina Peninsula Economic Corridor proposed under the Belt and Road Initiative is expected to deepen China-ASEAN regional integration by pushing forward infrastructure connectivity, industrial co-operation, cross-border trade as well as e-commerce development.
City looks to capitalise on growth of online sales and its preeminent international trading role. Guangzhou has devised a blueprint for its future online development. Billed as the "1+1+9" initiative, the programme has been designed to establish a designated cluster of e-commerce operators in each of the city's districts.