BIZCHINA / Center
Shandong to attract US$11b FDI
(Xinhua)
Updated: 2007-01-29 14:26
Shandong, a dynamic province on China's eastern seaboard, hopes to
attract 11 billion U.S. dollars of foreign direct investment this year
and orient it towards useful sectors.
Related readings:
Shanghai uses US$7b in FDI Ministry: FDI in China to remain steady this
year
FDI climbs after falling for 4 months
An official from the provincial bureau of foreign trade and economic
cooperation said they would soon publish a list of selected sectors where
overseas investment is welcome while continuing to dissuade foreign
capital from investing in ventures that cause pollution or consume too
much energy.
Overseas investors will be encouraged to invest in the high-tech sector,
in equipment manufacturing, environmental protection and new energy
development, as well as modern services and modern farming, said the
official.
The province approved 4,030 new overseas-financed ventures last year, and
had an inflow of 10 billion U.S. dollars of overseas investment, up 11.5
percent from a year ago.
About 2.4 million people are employed by overseas ventures across the
province.
(For more biz stories, please visit Industry Updates)
Learn Chinese
