E. China province sees soaring overseas investment, foreign trade

East China's Shandong Province attracted 13.79 billion US dollar overseas investment during the first half of this year, up 53.4 percent on a year-on-year basis, ranking China's second, said the source with the provincial foreign trade department.

The department approved 1,461 investment projects coming from the Republic of Korea (ROK) worth 4.45 billion US dollars, a surge of 97.2 percent as against the same period last year.

According to the department, the gross foreign export turnover of Shandong reached 35.2 billion US dollars during the first six months of this year, growing by 26 percent.

The export turnover of Shandong from this January to June amounted to 21.3 billion US dollars, a year-on-year growth of 37.2 percent, in which a about one third were contributed by the foreign-funded firms.

Source: Xinhua