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June 22, 2021

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Fengxian lures foreign investment

The Fengxian New City Promotion Conference kicked off yesterday with a dozen foreign investment contracts signed, another sign the district has become a magnet for businesses from home and abroad.

Zhuang Mudi, secretary of the Communist Party of China’s Fengxian District Committee, told the promotion conference that Fengxian remains committed to opening up with solid measures to enhance its business environment.

Zhu Yi, vice chairman of the Shanghai Commerce Commission, said the strong vitality of Fengxian’s health and wellness, beauty and other relevant industries is emblematic of the suburban district’s huge development potential.

In the first five months, paid-in foreign investment in Shanghai totaled US$10.27 billion, 21.5 percent higher than a year ago, and Fengxian will optimize industry layout and build up commercial-service clusters that improve links with the Yangtze River Delta region.


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