Shanghai becomes ideal destination for global investors
By the end of November this year, Shanghai had set up 6,168 new foreign-funded projects, representing an increase of 29.3 percent year-on-year. Contractual foreign investment was $45.934 billion, up 14.6 percent year-on-year. Foreign investment reached $17.819 billion, up 10.8 percent.
A group of enterprises ranked among the top 10 of the top 100 foreign-funded enterprises in terms of annual revenue in 2018, total import and export volume and total taxes paid received awards.
It was reported that the top 100 enterprises only accounted for 0.2 percent of the total number of foreign enterprises in the metropolis, but their total import and export volume accounted for 54.69 percent of that of all the foreign enterprises in the city.
Statistically, the overall development of foreign investment in Shanghai is relatively stable in terms of imports and exports, industrial output value, tax payment and employment absorption, all of which play a key role in the export-oriented economy of the city.
Shanghai will continue to promote trade and investment liberalization and facilitation and accelerate the establishment of a new pattern of opening up for global investors.