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City’s real foreign investment in 2016 rose more than 50%
By:Jiang Wenran  |  From:english.eastday.com  |  2017-09-13 19:13

Shanghai, September 8- The city’s real foreign investment in 2016 rose more than 50% from a year earlier to USD 25.1 billion, continuing to lead the rest of the country, according to the PwC’s recently released Annual Report on Shanghai Foreign Investment& Cooperation 2017.

Promoted by increasing production capacitycooperation and the Belt and Road Initiative, China’s foreign investment and cooperation level have reached new heights.

Statistics show that China’s domestic investors made investments in 7,961 overseas enterprises in 164 countries and regions last year, with an accumulated investment of 1254 billion Yuan.

And the foreign investment cooperation of Shanghai enterprises has also continued its good momentum of the previous year, and has maintained the leading position in the country and made new breakthroughs.

The report shows that although the registered or approved foreign investment amount has declined, the city’s actual amount of foreign investmentrose more than 50% in 2016 from a year earlier toUSD 25.1 billion.

Industrial manufacturing and business service industry remain the focus of Shanghai enterprises’ foreign investment cooperation. IT and other high-tech industry become the newly-developing field.

The top three industries of 2016 Shanghai foreign investment cooperation are “real estate”, “leasing and business services” and “information transmission, software and information technology services”, according to the official figures from the Shanghai Commerce Commission.

Notably, Shanghai enterprises also pay great attention to the investment in countries and regions along the Belt and Road, mainly in Southeast Asia and South Asia. And international production capacity cooperation has become an important “going out” mode.