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Equipment Manufacturing Industries and New Energies Are the Hot Spots of Foreign Investment in Shandong
2008-08-11 08:01
  From:MOFCOM Qingdao Office    Article type:Reproduced



From this year, Shandong attracting foreign investment presented new changes with equipment manufacturing industries and new energies being hot spots of foreign investment. Contractual foreign capital and foreign capital in position of equipment manufacturing with transportation equipment as main are USD1.68b and USD1.06b, accounting for more than 50% and 42% of manufacturing utilizing foreign investment respectively. Moreover, such industries as medicine and fine chemicals utilizing foreign investment also increased rapidly. Meanwhile, new energies and their equipment manufacturing industries become light spots of investment. In the first half of this year, Shandong province newly approved 3 wind energy and wave energy power generation projects invested by China Resources Group, China Huadian Corporation and Thailand Leader Group as well as 3 new-energy power generation equipment projects invested by German Affoo Solar Energy, Hong Kong Hualon-Teijran Corporation and US Goldman Sachs, with total investment of USD400m.

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