Binzhou Port, also a key member of SPG's world-class port cluster, holds an opening ceremony for its latest project launch. [Photo provided to chinadaily.com.cn]

In Binzhou, a city situated in the heart of the Yellow River Basin and bordering the Bohai Sea, SPG has completed and planned 15 projects with a total investment of 14.03 billion yuan. As of the end of 2023, SPG had invested a cumulative total of 8.83 billion yuan in Binzhou.

Furthermore, the throughput of Binzhou Port has been increasing every year, evolving into a comprehensive port capable of handling general cargo, oil and container transportation. By 2023, all eight berths at Binzhou Port were operational, leading to a 177-percent year-on-year growth in foreign trade activities, underscoring Binzhou's status as the "northern gateway" of Shandong on the sea.