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Shanghai’s foreign investment rises 6.8 pct in Jan.-Nov.

Abstract : Shanghai saw accelerated foreign investment growth in the first 11 months of this year as overseas investors looked to cash in on business opportunities.

SHANGHAI, Dec. 17 (Xinhua) — Shanghai saw accelerated foreign investment growth in the first 11 months of this year as overseas investors looked to cash in on business opportunities.

The actualized use of foreign investment in Shanghai rose 6.8 percent year on year to 19.04 billion U.S. dollars in the January-November period, the Shanghai Foreign Investment Association said on Thursday.

The increase during the period accelerated from the 6.2 percent growth in the January-October period.

Shanghai will further expand its opening-up and strive to provide better, more convenient and more efficient services to help foreign businesses share the development opportunities in the city, said Shang Yuying, deputy secretary-general of the Shanghai municipal government.

Currently, Shanghai has nearly 60,000 foreign-funded enterprises, which contribute over one-quarter of the city’s gross domestic product and more than one-third of its tax revenue. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: Shanghai’s foreign investment rises 6.8 pct in Jan.-Nov.

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