China Shandong International Economic and Technical Cooperation Corporation (SIETC) in its foreign-related corporate capacity is a large-scale and state-owned comprehensive foreign economic and trade enterprise with a registered capital of RMB200million, approved by the State Council in 1984 and directed by People's Government of Shandong Province. Taking advantage of the ideal geographic location, abundant natural resources and powerful economic strength of Shandong Province, rich experience in foreign economic cooperation and the well-distributed overseas establishments, SIETC has played a significant role in promoting economic and technical cooperation and exchange between Shandong and other countries or regions.
Since establishment, SIETC has made great strides forward in the areas of overseas contracted construction, labor service export, human resources development, foreign trade and overseas investment, etc.. SIETC has been striving to develop its international market and has established a complete overseas operation network including 30 agencies and enterprises in more than 20 countries. It has also successively established business relationship with many countries and regions such as U. S. A, Canada, EU, Japan, Korea, South Asia, Southeast Asia, Russia, Africa and America. With the formation of this all-round and wide-range operation setup involving metallurgy, port, electric power, communication, machinery, petroleum, chemical engineering, water conservancy, radio and TV broadcasting, electronics, oceanic fishing, geologic prospecting, coal, forestry, agriculture, textile, vessels, ocean shipping, medical health and hygiene, etc. Every business of SIETC has stepped into orbit of steady development, thus laying a solid foundation for its full participation in international competition.
As a large-scale foreign economy enterprise group of Shandong Province, SIETC will take the
Development of foreign economy of China as its task, make full use of its advantages such as
Abundant professionals, powerful economic strength, high sensitivity to markets and flexible
Operation modes, and strive to become the most competitive transnational enterprise group in the 21st century. SIETC shall also further expand the areas of cooperation and exchange, and make joint efforts to create a more beautiful future in the new century.