Due to its location as a window to Japan and South Korea, Qingdao City attracted significant levels of investment capital from foreign countries in the first half of this year and also made significant global investments.

Qingdao City now has 260 newly authorized foreign-funded projects, and the total value of foreign capital contracts reached US$2.78 billion in the first half of this year, up 11 percent compared to the same period last year. The actual inflow of foreign capital amounted to US$2.9 billion in the first half of this year, marking a 32 percent increase compared to the same period last year, accounting for 45.2 percent of the total actual inflow of overseas investment in Shandong Province.

In addition, 33 overseas investment projects were ratified in Qingdao City and foreign investments totaled US$700 million, up 154.5 percent compared to the same period last year. The city’s business volume of overseas contracting projects totaled US$1.66 billion, a 178.1 percent increase on the same period last year.