Qingdao City’s use of foreign capital actually amounted to US$ 5.69 billion in 2012, up by nearly 30 percent year on year, according to the Qingdao Commerce Bureau on January 28. Contractual foreign capital totaled around US$ 6 billion.

The number of newly-approved and capital-increasing foreign investment projects in Qingdao came to 956 last year, according to the newly released statistics. Among them, 135 newly-approved projects crossed the US$ 10 million mark, with contractual foreign capital adding up to US$ 3.14 billion and 61 capital-increasing projects surpassing the US$ 10 million mark, with added foreign capital toting up US$ 1.82 billion.

The actual inflow of foreign investment into Qingdao’s manufacturing industry surged to US$ 2.23 billion last year, accounting for 48.8 percent of the total volume and up by 58.6 percent year-on-year. The capital inflow from Hong Kong amounted to US$ 2.03 billion, still ranking number one in foreign capital sources.