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Investment map for CIIE exhibitors
From:Shanghai Daily  |  2020-10-14 08:29

Shanghai yesterday released an updated investment map to cap the demand of foreign investors during the upcoming China International Import Expo.

The 2020 Map to Invest in Shanghai includes 50 routes in eight categories, such as financial services, scientific innovation, equipment manufacturing and culture innovation, which investors can explore.

Three new routes on new consumption, artificial intelligence and bio-pharmaceuticals have replaced those related to fashion and culture in the 2019 version.

The map, in English and Chinese, was released during the 2020 Investment Promotion and Matchmaking Conference for the CIIE inPutuoDistrict.

The event, organized by the Shanghai Commission of Commerce andthe Putuo government, attracted over 200 participants, including officials and investors from the United Kingdom, Germany, Italy, Spain, Hungary, Bulgaria, Japan and Thailand.

“The investment routes will make people feel Shanghai’s most outstanding features, experience its professional services and witness the city’s prosperous businesses,” saidXueFeng, director of the Shanghai Foreign Investment Development Board.

Virtual reality technology is involved in the map for the first time at key sites such as the NorthBundwaterfront,the CaohejingDevelopment Zone and ChangyangCampus.

Users can scan a QR code on the map to access it on their mobile phones. Investors can contact the specialized staff viaa hotlineor email address marked for each site.

Despite the COVID-19 pandemic, foreign direct investment in Shanghai between January and August reached US$13.9 billion, a 5.9 percent increase year on year.

Thirty-four regional headquarters of multinational corporations and a dozen research and development centers have newly opened in the city as of August, saidZhangGuohua, deputy director of the city’s commerce commission.

Fourteen overseas firms, including Schneider, Metro andCarrefour, will be taking part in the CIIE,JiangDongdong, Putuo’s director, told the conference.

BryanZhang, managing director of Sapience Pro, a CIIE participant who helps foreign companies do businesses in China, said an increasing number of foreign projects are interested in investing in China and Shanghai this year despite the pandemic.

“We’ve launched an online platform to serve the foreign investors who cannot come to China amid the pandemic, which has attracted more foreign projects,”Zhangsaid. Projects under negotiation include those from Italy, Belgium, Australia and Thailand, he said.

The 3rd CIIE to be held between November 5 and 10 at the National Exhibition and Convention Center will have larger exhibition space compared with the previous expos, said Yang Bo, an official with the CIIE bureau.

“The exhibitors have confirmed their exhibition sites and have begun designing or building their exhibitions.”

New sections on public health and epidemic prevention, energy saving, smart transport as well as sports facilities and events have been set up for this year’s event, organizers said.

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