Foreign capital actual use surges 49.7% in Yantai

The actual use of foreign capital in Yantai, a coastal city in East China's Shandong province, hit $750 million, with an increase of 49.7 percent year-on-year, in the first four months of this year. The volume ranked second in Shandong.

During this period, the city introduced 41 foreign-funded projects, with each having investment surpassing $10 million. The actual investment from Singapore hit $135 million, from South Korea reached $41.81 million, and from Japan was valued at $10.67 million.

From January to April, the city introduced 22 high-tech industry projects, up 2.5 percent and with an actual use in foreign capital of $168 million.

In addition, the actual use of foreign capital in its service industry increased significantly. The service industry used $460 million in foreign investment, up 50.8 percent, while the use of foreign capital in the equipment manufacturing industry reached $240 million, up 32 percent.