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Number of New Foreign-invested Enterprises in Shandong Up by 4.8% from January to July

Source：Haibao News 08-28-2023 12:54:33

According to the Foreign Investment Division of the Department of Commerce of Shandong Province, from January to July, 1,341 new foreign-invested enterprises were established in Shandong, up 4.8% year on year; the paid-in foreign investment was 89.44 billion yuan, registering a growth rate 3 percentage points higher than that of the whole country. Specifically, the paid-in foreign investment in the manufacturing industry was USD 4.77 billion, accounting for 37.4% of the total; and that in the high-tech industries was USD 3.91 billion, up 74.1% year on year.

Shandong has pioneered the "service platform for stabilizing the province's foreign trade and foreign investment" in the country, realizing full coverage of foreign-invested enterprises in operation in the province. Meanwhile, Shandong has implemented the "One Policy for One Enterprise" plan to help foreign-invested enterprises solve problems in production and operation. According to statistics, since the implementation of the element guarantee mechanism for key foreign-invested projects, Shandong has successively solved the problem of the new construction land quota of more than 3,800 mu for 19 provincial-level key foreign-invested projects such as France's Air Liquide and BlueSail Healthcare, providing an effective guarantee for project implementation.

Next, Shandong will hold the 4th Qingdao Multinationals Summit, the Dialogue between Shandong and Multinationals, and other activities and actively participate in the "Year of Investment in China" activity organized by the Ministry of Commerce of the People's Republic of China. Meanwhile, Shandong will coordinate investment promotion forces at the provincial, municipal, and county levels to attract more high-quality foreign-invested projects to the province.