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Shandong continues to enlarge absorbing foreign investment

2019/11/20 16:13:34   source:sdchina.com

From January to October, 1,878 foreign-invested enterprises registered in Shandong, a 12.7 percent year-on-year increase, while the actual use of foreign capital in the province reached 9.69 billion USD, up 6.7 percent (66.36 billion yuan with an increase of 11.8 percent).

INVESTMENT IN SERVICE SECTOR GROWS RAPIDLY

During this period, the foreign capital actually used in Shandong’s service sector was 6.16 billion USD, up 17.9 percent, of which the actual use of foreign capital in high-tech service industries, such as R & D and design service, professional technique service, environment monitoring and management service, and scientific achievement transformation service, reached 0.52 billion USD, up 1.2 times.

SOURCES OF FOREIGN INVESTMENT DELIVER GROWTH

The real investment of Shandong Province in Hong Kong, Germany, Singapore, the Netherlands, the UK and Switzerland grew by 17.3 percent, 40.5 percent, 85.3 percent, 15 times, 60.8 percent and 26.1 percent respectively.

FOREIGN M & A DEMONSTRATES STRONG MOMENTUM OF GROWTH

There were 162 newly established foreign-invested enterprises in the province through merger and acquisition during the period, an increase of 26.6 percent, mainly in the wholesale industry, business service industry, chemical raw materials and chemical products manufacturing industry, science and technology promotion and application service industry, real estate industry and other fields.

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Sponsor:Information Office of Shandong Provincial People’s Government