Foreign investors from up to 102 countries and regions have made investment in the city after China's entry into the World Trade Organization at the end of last year, with the foreign investment that poured into the city valued at US$12.2 million every day, according to the Shanghai Foreign Investment Work Committee.

More foreign countries began to care about the economic development and opening policy of China with many countries making their initial investment in Shanghai for the first half of the year such as Cuba, Brunei, Benin and Egypt, said Liu Jingping, vice director with the committee.

According to the statistics, 1,342 foreign investment projects have been launched in the city for the first six months of the year, up 8.31 percent from a year before, with 103 projects boasting more than US$10 million of foreign investment.

Up to 63.56 percent of contracted foreign funds were injected into the city's industrial sector for the first half of the year, up 10.46 percent from a year before and the service industry boasted US$1.843 billion of contracted foreign investment, increasing by 85.79 percent from a year before.

The 21 real estate projects have played an important role in the foreign investment with the contracted foreign funds reaching US$661 million, up 3.16 times from a year before.