Qingdao Making New Steps in Introducing Foreign Investment ˇˇˇˇQingdao Economic and Technological Development Zone has had new steps made last year in introducing and using foreign investment. To bring about a rise in local economy it has various measures adopted and sees to it that a merger of these be made with those of conventional practices abroad. From January to October last year it had approved 98 foreign enterprises and Chinese-foreign ventures to be established in the zone to show a 5.8% increase over the same period of last year. With a total of US$250 million (a 28.1% increase) of foreign investment being used in the region there was a contracted amount of US$199 million (18.7% increase) and an actual amount of US$180 million (6.1% increase over the same period of last year) having been used. ˇˇˇˇ Economicnews 1999-01-20 Page2 Full Story in Chinese