Published on ShanghaiDaily.com (http://www.shanghaidaily.com/)
http://www.shanghaidaily.com/art/2006/01/06/234556/City's FDI rises 18.3 percent.htm
City's FDI rises 18.3 percent
Created: 2006-01-06 CST, Updated: 2006-01-06 CST
SHANGHAI'S contracted foreign investment rose 18.3 percent to US$13.83 billion last year, compared with 2004, Xinhua news agency reported.
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The contracted investment involves 4,019 projects.
The city's foreign trade totaled US$66.93 billion last year, up 25.8 percent from a year earlier, but the growth rate dropped 24.1 percentage points, becoming the slowest in the Yangtze River Delta.
The city's contracted foreign investment, a sign of future investment inflows, has exceeded US$100 billion to date.
Shanghai has approved more than 40,000 foreign-investment projects and foreign direct investment has been nearly US$60 billion.
Service industries attracted more than half the city's contracted foreign investment in the first 11 months of last year.
The city is optimizing its structure by drawing more foreign funds into the service sector and being more selective in introducing manufacturing projects.
An increasing number of foreign-investment projects last year were in finance, logistics, insurance brokerage, medical services, advertising, entertainment, culture, human resource, education, health and sport.
The city's foreign trade totaled US$66.93 billion last year, up 25.8 percent from a year earlier, but the growth rate dropped 24.1 percentage points, becoming the slowest in the Yangtze River Delta.
The city's contracted foreign investment, a sign of future investment inflows, has exceeded US$100 billion to date.
Shanghai has approved more than 40,000 foreign-investment projects and foreign direct investment has been nearly US$60 billion.
Service industries attracted more than half the city's contracted foreign investment in the first 11 months of last year.
The city is optimizing its structure by drawing more foreign funds into the service sector and being more selective in introducing manufacturing projects.
An increasing number of foreign-investment projects last year were in finance, logistics, insurance brokerage, medical services, advertising, entertainment, culture, human resource, education, health and sport.
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