Tai'an: actual paid-up foreign investment up 47.12%

(chinadaily.com.cn) Updated: 2016-04-06

Data released by the Tai'an bureau of commerce, Shandong province, shows that the city recorded a 47.12 percent year-on-year jump to $139.35 million in actual paid-up foreign investment from January to February, while the contracted foreign capital fell 28.10 percent to $28.45 million.

In February, the actual paid-up foreign investment increased 126.26 percent to $72.29 million.

Over the first two months, the actual paid-up foreign investment in the agricultural sector, or the primary sector, skyrocketed with a year-on-year increase of 5,600 percent to $2.85 million.

The contracted foreign capital in the secondary sector, including industry and the construction businesses, grew 35.42 percent to $26.8 million; and the actual paid-up foreign capital grew 99.36 percent to $94 million.

The contracted foreign capital in the tertiary sector, including retail sales and real estate as well as other services, soared 190.3 percent to $650,000.

The contracted capital from Taiwan reached $14 million, a 2,445-percent surge year-on-year; the actual paid-up investment from South Korea reached $23.03 million, a 195.26-percent surge year-on-year.

During the two months, four counties and districts in Tai’an saw an increase in actual paid-up foreign investment – 913.46 percent in Tai'an Hi-tech Industrial Development Zone, 849.02 percent in Ningyang county, 71.47 percent in Taishan district and 2.55 percent in the county-level city Xintai.