Yantai's contractual foreign capital amounts to $320 million in Jan

The Yantai government announced that the city's contractual utilization of foreign capital reached $320 million in January, up 33.2 percent year-on-year.

The actual utilized foreign capital in the city hit $98.41 million, a year-on-year growth of 45 percent, 43.12 percentage points higher than the provincial average.

Yantai introduced a total of 15 foreign investment projects in January, seven of which are being funded by South Korea.

Hong Kong invested $59.13 million into the projects, accounting for 60 percent of the total in the city.

In mid-February, 10 projects were signed online covering the fields of high-end equipment, new generation of information technology, cultural tourism, and healthcare. The total investment hit nearly 80 billion yuan ($11.59 billion).