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Most Firms Go into Operation in Yantai Development Zone
More than 71 percent, or 127, of the 180 overseas-funded enterprises in the Yantai Development Zone, in Shandong Province in eastern China, have reported profits this year.
Encouraged by the good local preferential policies, 60 of these overseas-funded firms increased investments by 350 million U.S. dollars in the January-April period this year.
According to local officials, overseas investors from 24 countries and regions have established more than 800 projects in the zone, which involve a contractual foreign investment of 2.74 billion U.S. dollars, with 1.14 billion U.S. dollars already in place.
Out of the world's top 500 companies, eight have invested 710 million U.S. dollars in the zone.
Meanwhile, 59 of the overseas-funded enterprises in the zone have been listed among major high-tech companies of the coastal province.
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