FDI grows 2.3%
By Wang Yanlin |
March 18, 2011, Friday
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Print Edition
Print Edition
FOREIGN direct investment in Shanghai grew 2.3 percent from a year earlier to US$880 million in February, moderating from the pace of 5.5 percent a month earlier, the Shanghai Statistics Bureau said.
Contracted foreign investment rose 6.7 percent to US$1.12 billion last month, while contracted funds channeled into the local services sector surged 20.1 percent to US$1.01 billion, or 90 percent of total value.
The manufacturing sector lost favor with foreign investors as contracted capital dropped 49.1 percent on an annual basis to US$104 million.
Contracted foreign investment rose 6.7 percent to US$1.12 billion last month, while contracted funds channeled into the local services sector surged 20.1 percent to US$1.01 billion, or 90 percent of total value.
The manufacturing sector lost favor with foreign investors as contracted capital dropped 49.1 percent on an annual basis to US$104 million.
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