Home > National Development Zone > News Update > News Update
 

New Features of Foreign Capital Use Demonstrated in Qingdao ETDZ

2008-04-28

Since the beginning of the year, 18 foreign invested projects have been approved in Qingdao ETDZ, and 6 existing projects' capital was increased, with a combined investment of 370 million dollars .Among the 6 newly approved projects, 6 were with an investment of over 10 million dollars . 

Three new features were fund in the foreign capital use of the ETDZ : first , the proportion of large projects further increased . 6 projects approved this year were with an investment of over 10 million dollars , total investment of which amounted to 260 million dollars. These projects were Qingdao Shengang Welding Material Co. Ltd, Qingdao Kairui Tourism and Assets Co., Ltd, Aobo (Qingdao) Storage Co., Ltd , Xunhong Industrial ( Qingdao) Co., Ltd , Wanbang Zhongchuang (Qingdao ) Logistic Co., Ltd and Qingdao Liuhe Fangsheng Machinery Co., Ltd .  The Qingdao Shengang Welding Material, with an investment of 80 million dollars, became the largest initial investment by a Japanese investor in the ETDZ. Second, the fast increase of modern service projects.  In terms of the structure of the projects, modern service industry has experienced the fastest increase, 9 out of the newly approved 18 projects fell into this category , accounting for 57.6% of the total investment.  The investment mainly went to logistics and tourism .  The rest 9 were in manufacturing industry , accounting for 39% of the total investment . Machine manufacturing , construction materials and new materials attracted a major part of the investment .  Third , new record was made in capital increase .  6 projects increased their capital by a total amount of 80.23 million dollars, accounting for 21.6% of the newly approved foreign capital. Qingdao Haihua Fiber Co., Ltd increases capital by 10.96 million dollars, OTC Electromechanical (Qingdao) Co., Ltd increased 6.6 million and Qingdao Jinshibo increased 6.47 million. 

 


 
    
¡¾Close¡¿