[Shandong plans to build 5,040 kilometers of scenic roads]Recently, Shandong Provincial Department of Transport issued the province's first special tourism transportation layout plan -- Shandong Provincial Tourism Transportation Network Main Framework Layout Plan (2023-2030) (referred to as "Plan"), focusing on the Great Wall, Grand Canal, Yellow River National Cultural Park (Shandong section), along the Yellow Sea, Bohai Sea, Yimeng Revolutionary old base area and other cultural and tourism resource enrichment areas. To systematically construct the province's fast-forward and slow-travel tourism transportation network, promote the integrated development of transportation and tourism, and strongly support the construction of Shandong Demonstration Zone, a transportation powerhouse. Shandong will form five theme corridors, namely the Qianli Coastal corridor in the east, the Lufeng Canal in the west, the Red Yimeng Corridor in the south, the Yellow River entering the sea in the north, and the Great Wall Tracing in the middle, which will constitute the overall layout of the tourist scenic corridor around Shandong. The total scale of scenic byway is about 6580 kilometers, of which 5040 kilometers are highways and 1540 kilometers are dike-top roads and municipal roads. In addition, Shandong will also plan to build a number of scenic roads to further smooth the last kilometer of the scenic area. Editor/Xu Shengpeng
On February 28, 2026, the security risks in the Middle East continued to rise, with the United States, the United Kingdom, France, and others withdrawing non essential personnel from Iran and Israel, and multiple countries issuing travel bans. The Chinese Ministry of Foreign Affairs reminds citizens not to travel to Iran temporarily and to evacuate personnel in Iran as soon as possible. Regional tensions have pushed up international energy prices, and global market risk aversion has intensified.Editor/Bian Wenjun
The People's Bank of China announced that from March 2, 2026, the foreign exchange risk reserve ratio for forward foreign exchange sales business will be reduced from 20% to 0. This move will significantly reduce the cost of currency hedging for foreign trade enterprises, support the stable development of the real economy, promote the smooth operation of the foreign exchange market, and release the policy intention of stabilizing foreign trade and expectations.Editor/Bian Wenjun