Shandong Reports Slight Increase in Actual Use of Foreign Investment in Jan

Date: 2020-02-21, Source: chinadaily.com.cn, Total Visits :

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Workers perform docking operations at Qingdao Port in East China's Shandong province, on Feb 11. [Photo by Yu Fangping/For China Daily]

The amount of foreign investment in actual use in Shandong province in January reached $940 million, up 1.9 percent year on year, according to the Shandong Provincial Department of Commerce.

Official statistics showed that the actual use of foreign investment in the province's manufacturing sector was $280 million, up 47.4 percent year on year, while special equipment manufacturing saw an increase of 3,074.6 percent and chemical raw materials and products manufacturing saw an increase of 1,329.8 percent.

Real investment from the United States, Germany, Singapore, Hong Kong, and Taiwan increased by 186.8 percent, 11,617.4 percent, 1,236.7 percent, 10.2 percent, and 24.8 percent, respectively.

In addition, 181 new foreign-invested enterprises were established in Shandong province, up 9 percent year on year. 



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