City Focus Information

1　China-Korea Free Trade Agreement (FTA) is taking effect for half year, Shandong enterprises had reduced tax for 47,000,000 yuan

Till the end of June 20th, China-Korea Free Trade Agreement (FTA) has been effected for half year. Shandong enterprises have benefi ted for importing Korea products 18.8 hundred million yuan, it has been reduced tax 47,000,000 yuan. The main import products are valve parts, sulfur, and stainless steel materials. According to statistics from Qingdao customs, Korea has become the top importing country for the fi rst fi ve month this year. Thanks to China-Korea FTA’s effectiveness, Korean products have reduced tax eventually, there are 350 Shandong enterprises have increasingly benefi ted from FTA.

2　Xi’an-Chengdu would estimated open new railway in next December in order to build a 3-hour life circle

As Xi’an-Chengdu railway’s Furenshan tunnel and Fangjiawan tunnel open, Xi’an-Chengdu railway would estimated open in next December. Thus, Sichuan and Shanxi provinces would join “highspeed” railway era. Xi’an-Chengdu railway is the express line that goes through Qinling Mountain as north as Shanxi, and it goes into Hanzhong to Xi’an. The whole length is 643 kilometers, and it estimated to open in Dec. 2017, the designed speed is 250 km/ hour.

3　Yunnan south-east freight railroad terminal opened

Kunming railroad terminal Wangjiaying station has been fi nished, Shanghai-Kunming railway, Southern Kunming railway, China-Vietnam railway, China-Laos railway have achieved connected. This signalized that Yunnan and Southeast Asia’s railroads and terminals are all ready to use. In terms of Kunming Railway Administration’s strategy, it would push western Wangjiaying station and Taohua Village logistics centre’s construction in order to achieve province railway and foreign railway’s effectively connection. Therefore, this is an action to push forward Yunnan’s “One Belt One Road” development.

4　2016 China (Chengdu) Global Innovation and Entrepreneurship Fair finished, volume of business transactions is over 160-hundredmillion yuan

On June 26, the three-day China (Chengdu) Global Innovation and Entrepreneurship Fair has rang down the curtain. As the 2nd innovation fair, there is an increased number of attendants and a wider scope. There is also the 1st time announced “double innovative figures” and launched a 400- hundreds-million yuan investment fund. There are over 3000 transactions in this fair, and the volume of transactions is over 160-hundred-million yuan.

5　Chinese bank has established branch in Poland to push “One Belt One Road”

Supporting by Bank of China Poland branch, China Everbright International Limited has bought the biggest solid waste disposal company for 1.23 hundred million Euro. It has been the single transaction with the largest amount of mergers and acquisitions project. This is an action to push “One Belt One Road” strategy in Poland. Poland has been focused by Chinese investment as it is an important key point on “One Belt One Road”.

6　China-Japan-Korea Industrial Expo will take place in September in Weifang, Shandong

China International Chamber of Commerce, Japan International Trade Promotion Association, Korea International Trade Association, and China-Japan-Korea Cooperatives Secretariat hold the China-Japan-Korea Industrial Expo will take place in September in Weifang, Shandong. This fair would run under the strategy of “China-Japan-Korea free trade area” to push “One Belt One Road” deve struction of China-Japan-Korea free tra