Qingdao city in Shandong province is growing as hub for global business. [Photo provided to chinadaily.com.cn]
As of September 30, there were 13,965 foreign-funded enterprises in Qingdao, up 0.45 percent year-on-year and accounting for 0.69 percent of the total number of market entities of all kinds.
The registered capital of the foreign-funded enterprises totals $160.23 billion, an increase of 11.78 percent year-on-year.
A total of 722 new foreign-funded enterprises were established from January to September, accounting for 0.87 percent of the total number of new market entities of all kinds.
Among the new foreign-funded enterprises, there are 469 foreign-funded companies and 227 foreign-funded branches.
The top six new foreign enterprise clusters by industry are: 243 in wholesale and retail, 105 in leasing and business services, 97 in scientific research and technology services, 97 in information transmission, software and information technology services, 45 in accommodation and catering, and 45 in manufacturing.
The above six industry clusters include 632 individual establishments, accounting for 87.53 percent of the total number of newly established foreign enterprises.
As to the distribution of new foreign enterprises in the region, the top six are: 138 in Huangdao district, 117 in Chengyang district, 92 in Shannan district, 70 in Laoshan district, 62 in Shibei district, and 62 in the Qianwan Bonded Port Area.
