BEIJING, Jan. 25 (Xinhua) --- Foreign capital in actual use rose 6.5 percent year on year to 12.39 billion U.S. dollars in eastern China's Shandong Province in 2018, hitting a record high, said the provincial Department of Commerce.
The increasing use of foreign investment may be attributed to the province's series of policies of attracting foreign investment, according to the department.
Statistics show that the actual use of foreign capital in the manufacturing industry was 4.65 billion U.S. dollars, accounting for 37.5 percent of the province's total.
Besides, the province saw launching of 135 foreign-funded large projects with an investment of over 100 million U.S. dollars in 2018, up 32.4 percent year on year, with contracted foreign investment of 13.5 billion U.S. dollars. Meanwhile, 27 of World Top 500 companies such as IBM, BP and Softbank invested 2.1 billion U.S. dollars in 51 projects in Shandong last year. (Edited by Bao Nuomin, baonuomin@xinhua.org)
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