Yantai ranks first in Shandong in actual use of Japanese and Korean capital last year

According to the Yantai Municipal Commerce Bureau, in 2020, the actual use of Japanese and South Korean capital in Yantai is US $ 220 million, with an increase of 218%, ranking first in Shandong province. Of this, the actual use of Korean capital amounted to US $120 million, up 412.4%, and the actual use of Japanese capital amounted to US $100 million, up 119.9%.

In 2020, Yantai set up 167 new Japan and South Korea-funded projects in the whole year, with an increase of 39.2%, and the contracted foreign capital utilized reached 1.92 billion US dollars, with an increase of 97.2%.