Tang lingshen and Yang Di/Shanghai Daily news

The 2005 Jinshan Business Invitation Achievements Exhibition has provided Jinshan District with huge investment benefits.
The jinshan District government launched the 2005 Jinshan Business Invitation Achievements Exhibition on October 12.
With the themes of "Wealthy Jinshan, Wise Jinshan and Green Jinshan," the exhibition has seen 16 projects signed and these will account for 8.18 billion yuan (US$1 billion).
Among these projects, nine relating to domestic investment were signed totaling 3.1 billion yuan while the other seven signed projects concerned foreign investment and totaled US$627 million.
The automobile retailing projects signed by Shanghai New Jinshan Industrial Investment and Development Co Ltd and Jinshan Ltd of the Shanghai Industry Zone Development General Company will amount to US$400 million.
Jinshan district has invited 149 investment projects totaling over 19.3 billion yuan (119 domestic investment projects will make up 11.86 billion yuan with 30 foreign investment projects making up US$920 million).
The total amount of investment signed with the cooperation frame treaty has reached 4.57 billion yuan. The average investment of the 149 projects both domestic and abroad is 129.67 million yuan, equating to 2.28 million per mu (0.66 hectares). The average amount of domestic investment has reached 99.66 billion yuan with 1.82 billion yuan per mu. As for foreign investment, the number is US$30.70 billion and US$460 million per mu.
All these investments indicate that Jinshan District has transformed itself from an area that invites investment to one that can actually select investment. Important factors such as the high quality of existing investment, with a substantial technology content, have led to this shift.
There are four key characteristics to investment in Jinshan District this year. Firstly, the volume is at a very high level. Compared to last year, there has been a rise of 53 percent in the number of projects signed.
Secondly, individual projects involving much higher levels of finance have increased by 38.5 percent. The biggest single foreign investment is US$400 million while the biggest domestic investment is 2 billion yuan.
Thirdly, Jinshan has made breakthroughs in foreign investment attracting the highest levels of foreign investment in its history.
Lastly, with the presence of so many large groups in the district the improvements in the associated logistical infrastructure is attracting more industrial investment and therefore improving the business environment still further.
Hu yanzhao, Shanghai's vice mayor attended the Jinshan Business Invitation Achievements Exhibition and made a keynote speech in which he pointed out that suburban areas such as Jinshan District have become the major focus of the new rounds of developments in the city.
The development of Jinshan is now delivering unprecedented opportunities. Jinshan's economy has developed at a rapid rate.
With the construction of the Yangshan Deep-water Port and Hangzhou Bay, Jinshan's excellent position as the south-western gate of Shanghai at the core of the Yangtze River Delta economic zone will continue to make it a very attractive district for business investors, officials said.