Qingdao signs 390b yuan in projects online amid epidemic

The eastern coastal city of Qingdao, Shandong province has been ramping up efforts to bolster the stability of investment by promoting cooperation through online platforms amid the novel coronavirus outbreak.

Official statistics showed that from Jan 24 to the end of March, the city signed nearly 300 project deals worth a combined total of 390 billion yuan ($55.07 billion) amid the epidemic.

National strategies such as local economic cooperation between China and the SCO, the Qingdao Area of the China (Shandong) Pilot Free Trade Zone, and the Belt and Road Initiative have brought policy benefits and important opportunities for the city's development.