The Los Angeles Post

FDI use surges in Jining from Jan to May

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Jinan, China – The actual use of foreign direct investment in Jining, East China’s Shandong province reached $562 million during the first five months of the year, ranking fourth in the province, local media outlets reported.

Foreign capital inflows into the city’s manufacturing sector, as well as those from Japanese and South Korean investors have achieved substantial growth over the same period. The structure and quality of foreign investment in Jining are also improving.

The Jining government has made great efforts to boost FDI use. It held a series of meetings to facilitate exchanges and cooperation between local companies and investors from Hong Kong, Macao, Taiwan, Japan, as well as South Korea.

Many visits have also been made to Fortune 500 companies, such as Germany’s Linde Group, South Korea’s CJ Group, and Japan’s Mitsubishi Chemical, to speed up the progress of major projects.

In addition, the Jining government has set up special work groups to provide services to projects with more than $10 million in investment.

Source：chinadaily.com.cn|Updated: June 22, 2021