A multinational purchasing center
(Chinanews.cn)
Updated: 2006-05-23 13:56
Following Shanghai, Shandong Province's Qingdao City has become China's
second multinational procurement center. It plans to establish North China's
biggest multinational purchasing center and become a focus of multinational
purchasing agents at home and abroad in about 3 years.
It was learnt that in the past years, purchasing activities by some
international purchasing agents were mainly focused on the Pearl River Delta and
the Yangtze River Delta. As the production costs in South China keep growing,
purchasing activities begin to move to the North. International purchasing
agents are fascinated by the procurement sources in Northern areas, especially
Shandong which is located in the Rim-Hunaghai & Bohai Economic Circle.
According to the National Bureau of Statistics, Shandong Province's economic
aggregate ranked No.3 in China. In the year 2005, its gross domestic product
(GDP) was 1.8 trillion RMB (US$225 billion), ranked No.2 in China. The province
has successively realized annual double-digit economic growth for 15 years.
Moreover, Shandong and its surrounding areas have shown outstanding superiority
in manufacturing which is able to meet the demand of "made in China" products by
multinational purchasing agents to a large extent.
As Shandong's leading city and one of its manufacturing bases, Qingdao surely
has many advantages by virtue of its geographical location. Qingdao, as one of
the famous port cities in global trade, has long served both sides of the
international trade and has nurtured thousands of mature trading companies,
attracting many well-known international organizations to set up purchasing
offices there. Along with the continual entrance by international retail giants,
Qingdao is becoming one of the mature cities to attract plenty of multinational
commercial assets and the first choice for multinational agents to make
procurement in North China.
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