Shanghai has inked foreign investment deals worth 1.7 billion USD despite the coronavirus outbreak.

On February 25, a total of 21 foreign-funded projects were signed in Pudong New Area, covering a range of fields including automotive aftermarket services, medical devices, intelligent manufacturing, and asset management.

The investments are mainly made by industry-leading players from the USA, Japan, Singapore, UK and Switzerland, among others.

Major investors include Liebherr, Siemens Healthineers, ExxonMobil, SSG Capital Management, Legal & General Group and PineCypress Fund.

Representatives of those multinational companies still remain confident in China’s long-term economic development and their passion in investing in Shanghai remains strong.

World-leading industrial gases company, Air Products, plans to add 470 million USD to projects in the Chinese market in project investment and asset management. Full of confidence in the Chinese market, it will continue its investment in air separation, gasification and hydrogen energy.

In January, Pudong attracted 710 million U.S. dollars of foreign investment, up 57.6 percent year-on-year and accounting for 47 percent of the total foreign capital inflow to Shanghai in the same month. Amid the coronavirus outbreak, it is now going all out to help enterprises resume work and production.