East China-located Shandong Province attracted 1.6 billion US dollars of actually-received investment from nations along the "Belt and Road" in 2015, up 16.1 percent year on year, according to its Department of Commerce.
Along with progression of the "Belt and Road" initiative, related countries have cranked up their investment in Shandong, noted an official in charge of foreign investment of the Department of Commerce.
For instance, investment from Singapore soared over 10 percent year on year in 2015 and the country has become the fourth largest source of investment for Shandong, favoring sectors such as maritime engineering equipment manufacturing, farm produce processing, construction, and storage services.
In 2015, the province actually received a new record high of 16.3 billion US dollars foreign investment.
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