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Shanghai registers 9.9% FDI growth in May
By Wang Yanlin |
June 20, 2012, Wednesday
|
Online Edition
Online Edition
FOREIGN direct investment in Shanghai rose 9.9 percent from a year earlier in May, raising the physically allocated investment to US$1.34 billion last month, the Shanghai Statistics Bureau said.
The pace slowed a bit from April's 15.9 percent increase but was stronger than March's 2.7 percent.
Contracted foreign direct investment expanded 27.5 percent to US$2.04 billion, indicating a strong momentum for the future.
A larger proportion of foreign investment flowed into the city's manufacturing sector, which attracted US$268 million, or 1.5 times the value a year ago. Its weight gained 6.4 percentage points to 13.1 percent in the total basket.
Shanghai's service sector absorbed US$1.77 billion contracted foreign investment, up 19.1 percent from a year earlier.
Shanghai aims to attract at least US$10 billion foreign direct investment in each year from 2011 to 2015, the Shanghai Commission of Commerce said earlier in a guideline for foreign investment during the 12th Five-Year Plan period.
The pace slowed a bit from April's 15.9 percent increase but was stronger than March's 2.7 percent.
Contracted foreign direct investment expanded 27.5 percent to US$2.04 billion, indicating a strong momentum for the future.
A larger proportion of foreign investment flowed into the city's manufacturing sector, which attracted US$268 million, or 1.5 times the value a year ago. Its weight gained 6.4 percentage points to 13.1 percent in the total basket.
Shanghai's service sector absorbed US$1.77 billion contracted foreign investment, up 19.1 percent from a year earlier.
Shanghai aims to attract at least US$10 billion foreign direct investment in each year from 2011 to 2015, the Shanghai Commission of Commerce said earlier in a guideline for foreign investment during the 12th Five-Year Plan period.
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