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Shanghai sees signing of 54 foreign-funded projects with over USD8bln investment

July 23, 2020


Abstract : East China's Shanghai saw the signing of 54 foreign-funded projects on Wednesday, with total investment exceeding 8 billion U.S. dollars.

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SHANGHAI, July 23 (Xinhua) -- East China's Shanghai saw the signing of 54 foreign-funded projects on Wednesday, with total investment exceeding 8 billion U.S. dollars. 

Among all the projects, 15 of them are related to the new infrastructure, covering industries such as network technology, artificial intelligence, biomedicine and integrated circuits. Ten projects are in the areas of business service, energy and finance, each involving an investment of over 100 million dollars. Three projects are launched by the Global Foreign 500 companies. 

In the first six months of this year, Shanghai witnessed the paid-in foreign investment reach 10.28 billion dollars, registering a year-on-year increase of 5.4 percent.

Shanghai will strive to promote all-round and high-level opening-up, provide more convenient and efficient services for all types of enterprises, and fully support their investment in Shanghai. (Edited by Zhang Yuan with Xinhua Silk Road, zhangyuan11@xinhua.org)

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Keyword: Shanghai foreign investment

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