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Foreign investment in city up 10.5% in January
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FOREIGN direct investment in Shanghai rose 10.5 percent in January from a year earlier to US$1.093 billion, consistent with last year’s annual pace but slower than the national average of 16 percent for the month.
Foreign investment in the city's service sector, which expanded to account for 91.4 percent of the total FDI, rose 0.1 percent year-on-year last month, while capital used in the manufacturing sector dropped 39.4 percent, according to the Shanghai Statistics Bureau.
Last year, foreign investment in service industries already made up more than 80 percent of the city's total FDI, highlighting the city's enhanced economic focus on the service sector.
By the end of last year, the city was home to 283 foreign investment companies, 445 regional headquarters of multinational companies and 366 research and development centers.
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