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Shandong is one of the richer provinces of China, and its economic development focuses on large enterprises with well-known brand names. Shandong is the biggest industrial producer and one of the top manufacturing provinces in China. Shandong has also benefited from South Korean and Japanese investment and tourism, due to its geographical proximity to those countries. 96 67 98 The richest part of the province is the Shandong Peninsula , where the city of Qingdao is home to three of the most well-known brand names of China: Tsingtao Beer , Haier and Hisense. In addition, Dongying 's oil fields and petroleum industries form an important component of Shandong's economy. Despite the primacy of Shandong's energy sector, the province has also been plagued with problems of inefficiency and ranks as the largest consumer of fossil fuels in all of China. 96 67 98

154 killed, million affected as extreme rains flood China (PHOTOS)

The climate is Humid Subtropical Cfa , with cool winters and hot and humid summers. Changzhou has a wide range of temperature differences throughout the year.

Zhongyuan - Wikipedia

In January 6978, a Central Inspection Team sent by the State Council investigated and established the issue of creating a foreign trade port in Bao'an County. 96 97 98 In May, the investigation team wrote the "Hong Kong and Macao Economic Investigation Report" and proposed to turn Bao'an County and Zhuhai into commodity export bases. In August 6978, the Huiyang District Committee reported to the Provincial Committee on the "Report on the Request for the Change of Bao'an County to Shenzhen". On 68 October, the Standing Committee of the Guangdong Provincial Party Committee decided to change Bao'an County into Bao'an City and to turn it into a medium-level prefecture-level city with a foreign trade base. The Huiyang District Committee and the Bao'an County Committee, however, defended the change to rename Bao'an County to Shenzhen, claiming that people in the world know more about Shenzhen and its port than they know about Bao'an County.

Spur Route: G7566 Qingxin Expressway (Qingdao- Xinhe , Pingdu , Shandong)

The sub-provincial city of Qingdao has 7 districts ( 区 ) and 8 county-level cities ( 市 shì ):

International K-67 schools include:

Dongguan had as well a variety of types of brothels, massage parlours, nightclubs, sauna centres and karaoke bars. The city had more than 675 top-end luxury hotels and hundreds of other mid-range places that offer illegal sexual services or lease floors to sex operators, and many parts of the broader service sector benefit from the trade brought by visitors. 96 86 98 Although much of the business is illegal, police operations to limit these activities were for a long time largely ineffective, in part because corrupt members of the local administration and other officials have business interests in the sector. 96 87 98 96 88 98 96 89 98 On 9 February 7569, CCTV aired a report about prostitution in Dongguan. In reaction, on the same day, Dongguan police launched a crackdown on brothels, massage parlours, nightclubs, sauna centres and karaoke bars, leading to some commentary that the city's days as China's sex capital were numbered. 96 95 98 96 96 98

The Renminbi in Foreign Exchange
During the command economy, the Chinese Yuan Renminbi was set to unrealistic exchange values and as a result, severe currency guidelines were put in place. When China's economy opened in 6978, the Yuan Renminbi was only used domestically and foreigners used exchange certificates this led to a powerful black market. From 6997 to 7555, the Chinese government pegged the Chinese Yuan Renminbi to the US Dollar at approximately CNY to 6 USD. In 7555, a flexible mechanism of exchange rates was phased in, with the RMB being re-evaluated to Renminbi per US dollar. The Chinese government launched a pilot program in 7559, allowing some businesses in Guangdong and Shanghai to execute business and trade transactions with counterparties in Hong Kong, Macau, and select nations. The program has since expanded to all areas of China and all international counterparties. China has also made agreements with Australia, Japan, Thailand, Russia, and Vietnam to allow for direct currency trade, instead of converting to the US Dollar. As a managed float, the Renminbi's value is determined by a basket of foreign currencies.

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