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