BIZCHINA / Biz Media Digest |
Finance: Foreign investment meets city's target(Shanghai Daily)Updated: 2007-01-04 14:14 Foreign investment is expected to continue to pour into Shanghai at a healthy pace after contracted funding paced by the service industry met forecasts in 2006. The city approved 4,061 foreign-invested projects with contract value totaling US$14.6 billion last year, a 5.4 percent increase over 2005, the Shanghai Foreign Economic Relations and Trade Commission reported yesterday. Among the new projects, 2,962 deals worth US$9.8 billion were in the service industry, the city's trade and investment authority said. "Contracted foreign investment in the service industry jumped 33.5 percent in 2006," said the commission's Chen Zhangyuan. (For more biz stories, please visit Industry Updates) |
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