JINAN, April 24 (Xinhua) -- Despite impacts of the Spring Festival holiday and the COVID-19 epidemic in the first quarter, Shandong province continued to optimize the environment for foreign investment, actively helped foreign enterprises to resume production and realized foreign investment growth.
Data from Shandong's Department of Commerce showed that, Shandong's paid-in foreign investment reached 3.18 billion U.S. dollars in the first three months of this year, up 0.88 percent year on year. In March, the province's paid-in foreign investment rose 14.6 percent to 1.55 billion U.S. dollars.
In the meantime, 15 new high-tech manufacturing enterprises were established, 15.4 percent higher from a year ago, and their actual-used foreign capital reached 350 million U.S. dollars, up 27.4 percent year on year.
Actual paid-in foreign investment in the service sector arrived at 2.29 billion U.S. dollars, growing 30.3 percent year on year and accounting for 71.9 percent of the total. Hong Kong, the Netherlands, the United States and some other countries and regions invested more than 100 million U.S. dollars in Shandong and recorded growth.
According to the provincial department of commerce, it will continue to stabilize foreign investment while ensuring epidemic control, strengthen investment promotion and make sure early implementation of projects.
（Edited by Yang Qi with Xinhua Silk Road, kateqiyang@xinhua.org）
A single purchase
