Forty-eight major projects receiving a combined 120.6 billion yuan ($16.76 billion) in investment were signed into effect in Qingdao West Coast New Area (Qingdao WCNA) on Sept 28.
The 48 projects include 36 domestically-financed projects worth 101.4 billion yuan and 12 foreign-financed ones worth $2.95 billion.
They involved key industrial fields such as high-end chemicals, intelligent manufacturing and automobiles, as well as livelihood-related areas such as urban renewal and rural vitalization.
Qingdao WCNA holds a signing ceremony for 48 major projects on Sept 28. [Photo/WeChat ID: qdxihaianfabu]