SHANDONG is launching a massive plan to lure foreign companies and strengthen its economic development, says the province's vice-governor. It planned to sell more products outside the province and boost exports, vice-governor Du Shicheng said. Shandong is one of the fastest-growing regions in China. Its target is to sell 30 per cent of its output within the province, 30 per cent to other provinces and 40 per cent overseas. The province also wants to improve the quality of its goods and shift to hi-tech production and high-value products. It also plans to reform enterprises and prepare more of them for flotation. Mr Du said the province would market its goods abroad through six international trade centres, including Hong Kong, Japan and Singapore. Mr Du said: 'Shandong has many ports but not one of them is a large-scale international port. 'The next goal is to establish, on top of what we have, a large-scale international port.' Mr Du will lead a delegation of more than 150 people to Hong Kong next month to sell his vision of Shandong's future development to foreign businessmen. He said the provincial government had high hopes for the '95 Symposium (Hong Kong) on Economics & Trade of Shandong, China, to be held between September 4 and September 8. 'Hong Kong has all along been the best economic and trade partner of Shandong,' Mr Du said. Last year trade between Shandong province and Hong Kong reached a total of US$1.43 billion, of which $1.16 billion was exports to Hong Kong, second only to Japan. There are 8,493 Shandong enterprises with Hong Kong investment, 47.4 per cent of the total. Investment totalled $3.66 billion or 51.4 per cent. The Shandong delegation will offer 180 projects, ranging from infrastructure development, processing and assembling with provided materials and parts to upgrading old enterprises. The projects for technological advancement and reform will involve electronics, metallurgy, car parts and textiles. Mr Du said one of the features of the symposium was the large orders the delegation would offer foreign businessmen for exporting goods to the province. Emphasis would be placed on projects involving value-added manufacturing. Mr Du said the province would also seek to explore ways of investing in other countries through the symposium. Mr Du also noted some difficulties the province faced in its economic development. These included a shortage of funds, sales, inflation and fluctuation of the yuan. Mr Du said the province had entered the second phase of transformation - the further opening to the outside world. To do this, Mr Du said the province needed to change from exploitation of resources to value-added processing. It also needed to shift its emphasis from quantity to quality. It had to shift from a labour-intensive economy to one that was capital intensive, hi-tech and employed modern management techniques. Mr Du said the advantages of the province, including an abundance of agricultural and mineral resources and ports, could be fully utilised through reform and the opening of the economy.