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Overseas Funds Rising in Qingdao Bonded Zone
The bonded zone in this coastal city in east China's Shandong Province introduced 76.84 million US dollars of contractual overseas investment during the first half of this year, almost doubling the figure on a yearly basis.
The zone ratified the establishment of 99 new overseas-funded projects during the six-month period.
Production enterprises in the zone generated 360 million yuan of output value from January to June, and earned 340 million yuan in sales, with the production-to-sales ratio reaching 94.4 percent.
The zone exported 52 million U.S. dollars worth of goods in the period, a 28.3 percent rise over the 1999 figure.
These achievements are attributed to the introduction of an international-level management system, simplification of customs procedures and positive efforts to attract more investment from overseas, local official sources said.
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