Utilized foreign capital in Dalian, the port city in Northeast China's Liaoning province, surpassed $10 billion last year, Dalian TV reported Sunday.
Dalian's utilized foreign capital totaled $10.03 billion, a year-on-year increase of 67 percent, demonstrating the large contribution foreign investment is making to the economic and social development of the city, according to the news report.
Cui Tie, the vice-director of the city's foreign trade and economic cooperation bureau, said that investments in equipment, manufacturing, high-technology and modern services industries account for 75 percent of utilized foreign capital.
Last year, the city took measures to simplify the process for foreign investments, which helped attract more than 146 new foreign business operations to the city. Those new businesses are worth more than $10 million, with $6.96 billion in place, accounting for 69.38 percent of the total utilized foreign capital.
