Since the beginning of this year, with the further development of the "one belt and one way" strategy, Dongying has seized the strategic opportunity to actively play the three industry advantages of textile, chemical and petroleum equipment, expand overseas markets, strengthen mutually beneficial cooperation with the countries along the border, invest in factories, set up offices and R & D centers, and enhance participation in the international market. The ability of cooperation has effectively promoted the upgrading of Dongying's industry and the transformation of new and old kinetic energy. Up to now, 18 new overseas investment enterprises (Institutions) have been set up in Dongying, and the actual external investment is 75 million 10 thousand US dollars.

First, the traditional industries will continue to be transferred overseas. Sanyang Textile Co., Ltd. was registered in Vietnam with a physical investment of $3.387 million to establish Shengyang Vietnam Textile Co., Ltd. mainly engaged in the production and sales of traditional chemical fiber textiles, yarns, yarns, grey cloth, textile raw materials, double twisted yarns and related products. The project aims at the Vietnamese market, utilizes the traditional industrial technology and technological advantages of Dongying City to carry out deep processing in the local area, improves the added value of products, covers and occupies the international market of Southeast Asia, and realizes mutual benefit and win-win situation.

The two is the "going out" business to enter the new field. Aiming at the economic development of Southeast Asia and India and the demand of population-intensive electric vehicle market, Chenghang New Energy Vehicle Co., Ltd. registered in Bangladesh and India to set up Yichuang Motor Bangladesh Co., Ltd. and Bangpu Yichuang Motor Co., Ltd. respectively; Shandong Haike Holdings Co., Ltd. invested $13.12 million to acquire Japan in Korea Enterprise power Carbon Technology Co., Ltd. New energy and chemical industries will be developed to occupy emerging markets.

Three, the oil equipment industry will bloom more. Petroleum equipment industry as the dominant industry in Dongying City, Shandong Corey Petroleum Equipment Co., Ltd., Shengli Oilfield Compei Petroleum Equipment Co., Ltd. and other five enterprises, this year in Romania, Malaysia, Singapore, Colombia, Russia, Kyrgyzstan, Albania, the United States, Kazakhstan, the Netherlands and other countries Our branch offices are mainly engaged in petroleum machinery and equipment manufacturing, oilfield technical services, oil and gas development, petroleum equipment and spare parts sales and market development business, covering the five continents of the world, in the world market to achieve multi-blooming.