| Shanghai Absorbed Contractual Foreign Capital Up by 9.05% YOY in Last Two Months |
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| 2008-04-08 06:20 | | From:MOFCOM Shanghai Office Article type:Reproduced |
According to the statistics, Shanghai approved 545 foreign-invested projects during Jan. to Feb., absorbing contractual foreign capital of USD2.484b, up by 9.05% year-on-year. Regardless of real estate factor, it increased by 16.6%. The actual foreign capital in place was USD1.517b, up by 9.8% year-on-year. In Feb., Shanghai approved 255 foreign –invested projects with contractual foreign capital of USD1.202b, up by 17.8% year-on-year. Among them, USD725m was incremental investment, accounting for 60.3%, and USD811m was actual foreign capital in place, up by 18.0% year-on-year. By the end of Feb., 2008, Shanghai had approved 49,298 foreign-invested enterprises, absorbing contractual foreign capital of USD131.888b.
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