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Qingdao Bonded Zone Attracts Overseas Investors
The bonded zone in Qingdao city in east China's Shandong Province is attracting an increasing number of overseas investors.
During the January-May period, the zone used overseas investment 8 times that of the same period last year. A U.S. company has invested 29.98 million U.S. dollars and a Japanese company also invested 35 million U.S. dollars in the zone.
As one of China's 15 bonded zones approved by the State Council, the Qingdao Bonded Zone covers 3.8 square km of land, and has opened 1,500 projects.
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