Shanghai is seeing a batch of new foreign investment projects landing during and after the second China International Import Expo (CIIE), which was held there from Nov 5 to 10, according to the Shanghai Municipal Commission of Commerce.

From January to October this year, the city set up 5,670 new foreign investment projects, with a year-on-year increase of 34.3 percent, and that the expo was the icing on the cake in terms of attracting foreign capital.

Since the first CIIE which in 2018, more than 100 exhibitors have set up new enterprises in the city's Pudong district. During the second expo, a group of 12 well-known enterprises, including Deloitte, one of the world's major accounting firms, signed cooperation agreements with the Lujiazui branch administration in the China (Shanghai) Pilot Free Trade Zone.

Districts in Shanghai have also welcomed strong shared dividends due to the expo. For example,  several exhibitors from Jinshan district announced plans to increase their investment. Kao Chemical Corporation Shanghai, after the first phase of production, will use an additional investment of 430 million yuan ($61 million) to carry out the second phase of construction, which is expected to be put into use in April next year.