A TOTAL of 707 foreign-funded projects, with contracted investment of US$5.29 billion (33.3 billion yuan), were introduced in Qingdao last year, an increase of 11.1 percent from 2010.

About US$3.63 billion of those investments had been paid, an increase of 27.8 percent from 2010. That’s the highest such increase in Qingdao’s history.

Projects with an investment of more than US$10 million numbered 185, with total contracted investments of US$3.33 billion. Those projects accounted for 63 percent of Qingdao’s foreign investments. Of those projects, eight had investments of more than US$100 million. Key projects such as an urban reconstruction project in Lichang District, an energy project and a holiday resort in Haiquan Bay had each paid more than US$10 million.

(Wang Yuanyuan, Shen Junlin)