Yantai's foreign capital in actual use hits record high in H1

The actual use of foreign capital in Yantai, East China's Shandong province, reached $1.26 billion, with a year-on-year increase of 51.4 percent in the first half of this year, which both hit a record high in the same period in past years.

During this period, the city introduced 91 foreign-funded projects, with each having investment surpassing $10 million. Among them, nine are invested by world's top 500 companies. The actual investment from Singapore hit $220 million, from South Korea reached $52.97 million, and from Japan was valued at $48.84 million.

From January to June, the city introduced 80 manufacturing projects, up 23.1 percent, and with $430 million in foreign capital in actual use. In addition, the actual use of foreign capital in high-tech industry increased significantly. The service industry used $270 million in foreign investment, up 45.8 percent.