Linking up with global finance and trade capital
By Wang Qian | China Daily | Updated: 2011-05-09 07:57
Thanks to its various resources and sound economy, Shandong has proven popular with investors and business people from Hong Kong.
Provincial commerce department statistics show 498 Hong Kong-backed projects there, last year. That was a year-on-year increase of 9.5 percent; the amount of capital used was equal to $4.33 billion, a 12.1-percent increase.
By the first quarter of this year, Shandong had approved 15,619 Hong Kong-funded projects. These bring in more than $57.91 billion in investment and $32.6 billion in used capital.
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