A cooperation agreement is signed between Shinan district government and Delong Steel Co on April 24 to establish a joint venture company in the district. [Photo provided to chinadaily.com.cn]

The government of Shinan district, Qingdao signed a cooperation agreement with Delong Steel Co, one of China top 500 enterprises, on April 24.

Delong Steel Co, established in Hebei province in 2000, is a large high-tech steel enterprise integrating sintering, ironmaking, steelmaking and steel rolling.

According to the agreement, Delong Steel Co will cooperate with Qingdao Century Ruifeng Group, a leading enterprise in foreign trade in the district, to set up a joint venture company which will focus on domestic and foreign trade as well as logistics supply chains.

The partnership aims to boost the district's overall foreign trade by cultivating innovative regionally-leading foreign trade enterprises, helping the district meet its goal of becoming an international center of trade and finance.

The district government will provide local enterprises with more professional and efficient services to help them further develop.