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Province of the Sea


□ Luo Xianyong

  More than half of China's major cities are situated within 200 kilometers inland distance from the 18, 000-km-long national coastline.Here resides 40 percent of the nation's population, and here is also where 80 percent of the nation's foreign-based capital is invested,"where 90 percent of exports source from; and where 70 percent of the national GDP is generated. As part of an ongoing investigation intothe coastal economy, China Pictorial journalists recently visited the northeastern coastal province of Shandong to learn more about themarine economy, a powerhouse fiscal driver within this important region.
  
  On May 30, 2007, China's stockmarket went into a sharp dive,with the Shanghai Stock Ex-change (SSE) Composite Indexdropping by a margin exceeding 6 percent.Like many other listed companies, theShandong Oriental Ocean Sci-Tech Co.,Ltd. (SOOSC) took a heavy hit. Watch-ing the developments, SOOSC GeneralManager Li Cunming left his office beforethe stock market closed and headed to thecompany's marine products logistics site inthe Yantai Hi-Tech Development Zone. Heremained into the evening, reassuring hismanagers and workers. Despite the marketfluctuation, Li believed that, as a nationalleading enterprise in agricultural industrial-ization and a state-class base for high-qual-ity farmed aquatic products, SOOSC wouldsoon overcome the setback. ......
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