Shanghai attracts US$6b foreign funds in first half year
( 2003-07-03 17:10) (Xinhua)
Latest official figures show that in the first half of this year, Shanghai
attracted foreign investment totaling more than US$6 billion, up 40 percent
year-on-year.
The number of newly approved foreign-financed projects in the first six
months reached 2,486, up a considerable 85.2 percent compared with the
corresponding period of the previous year.
Among these projects, some 201 are large-scale ones, which involve financial
input of over US$10 million each and US$4.1 billion of the total.
The figures also indicate that a majority of 61.5 percent of the foreign
capital went to the manufacturing sector, up 38.7 percent year-on-year.
By the end of June, Shanghai had approved an accumulated 30,226
foreign-funded projects, absorbing contracted investment of US$69.4 billion.
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