Foreign Capital Continues To Be Optimistic About Shanghai's 42 Foreign Investment Projects

Shanghai held a centralized signing ceremony for 42 foreign-invested projects on the 16th, with a total investment of about 7.7 billion US dollars (about 55 billion yuan), of which 15 projects with more than 100 million US dollars involved in intelligent manufacturing, biomedicine, chemicals, and integration. Circuits, new energy, new materials, commerce and trade, and financial fields have fully demonstrated that Shanghai's cooperation with foreign capital is moving toward a higher level, a broader field, and a deeper level.

Xu Kunlin, deputy mayor of Shanghai, said at the signing ceremony that opening up is Shanghai's biggest advantage. Shanghai has always been at the forefront of China's reform and opening up, and always welcomes all kinds of enterprises to invest in Shanghai. From January to August this year, Shanghai's newly established foreign-funded projects, contracted foreign investment, and actual foreign investment continued to grow rapidly, with growth rates of 47.8%, 9.6%, and 13.4% respectively. New regional headquarters of multinational corporations 31, Asia Pacific headquarters. 18, 10 research and development centers. As of the end of August, Shanghai’s accumulated contractual foreign investment has exceeded the US$500 billion mark, and the accumulated actual use of foreign capital exceeded US$250 billion, ranking first in the country. A total of 701 regional headquarters of multinational corporations, 106 Asia-Pacific headquarters, and R&D center 451 were introduced. Home, further consolidate the status of the city with the largest number of regional headquarters and foreign R&D centers of multinational corporations in the Mainland. This is a strong evidence that foreign investment continues to be optimistic about China and optimistic about Shanghai.

The latest data shows that Shanghai's investment structure is continuously optimized. Service industry and manufacturing industry achieved double growth. From January to August this year, the service industry actually reached 11.668 billion U.S. dollars, a year-on-year increase of 13.3%, accounting for 88.3%. The actual foreign investment in the manufacturing industry was 1.499 billion U.S. dollars, a year-on-year increase of 14.7%, accounting for 11.4%. The introduction of foreign investment in the service industry showed a “1+4” pattern, namely, the business service industry, and the balanced development of information services, financial services, commerce and real estate. . The business service industry, which is dominated by regional headquarters and investment companies, is the area with the largest amount of foreign investment. The actual foreign investment is 3.83 billion US dollars, accounting for nearly 30%. Information services, financial services, commerce and trade, real estate industry accounted for about 10% of foreign investment; technology services industry actually reached 1.038 billion US dollars, an increase of 186.4%; real estate projects with more than 10 million US dollars of foreign investment projects 19 Compared with the same period of last year, it increased by 60%. The main inflow areas are electrical machinery, chemicals, biomedicine, special equipment, auto parts and food manufacturing. High-tech manufacturing industry actually achieved foreign investment of 599 million US dollars, accounting for 40%.