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Utilization of foreign capital keeps growing in Shandong

2017/5/26 15:34:19   source:Sdchina.com

According to the Department of Commerce of Shandong Province, Shandong has welcomed 414 new foreign-funded enterprises in the first four months of 2017, a 5.6 percent fall year on year. The contractual foreign investment reaches to 36.08 billion yuan, with a 5.6 percent year-on-year increase, while the foreign investment actually utilized increases by 2.6 percent year on year to 35.44 billion yuan.

In high-tech manufacture and service industries, the absorption of foreign keeps growth. The actual used foreign capital is about 19.36 billion yuan, with an increase of 47.1 percent, with 2.54 billion yuan for high-tech manufacture, up 34.6 percent. In service industry, that data is13.19 billion, among which the actual used foreign capital of high-tech service industry accounts for 4.41 billion yuan, with a year-on-year increase of 13.7 percent.

The actual investments from EU, America, South Korea and Japan have increased by 1.3 times, 100 percent, 60 percent and 55.8 percent respectively.

Capital from foreign investment companies reaches to 3.12 billion yuan, up 2.2 times.

The proportion of projects over USD 100 million has increased by 93.8 percent to 31 projects.

14 Fortune top 500 enterprises invested in 21 projects in Shandong, covering strategic emerging industries like new material, new energy as well as energy conservation and environment protection.

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