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In page Shandong:

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The State Council established Qingdao Free Trade Zone in 1992. The zone is 60 km (37 mi) away from Qingdao Liuting Airport. It is also close to Qingdao Qianwan Container Terminal. At present, more than 40 foreign-invested enterprises have moved in, and 2000 projects have been approved. It is one of the special economic areas which enjoys the most favorable investment policies on customs, foreign exchange, foreign trade, and taxation in China.[citation needed]