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Source: China Knowledge China Knowledge

Shanghai's FDI plunges 27.2% in Nov

Published: 17 Dec 2009 23:52:19 PST

Dec. 18, 2009 (China Knowledge) - Shanghai's foreign direct investment plunged 27.2% year on year to US$1.11 billion in November, according to statistics published on the website of the Ministry of Commerce yesterday.

The city's utilized FDI hit US$850 million last month, reflecting a year-on-year growth of 6.3%.

The number of FDI projects in Shanghai was 225 in November, reflecting a year-on-year decline of 46.3%.

The number of solely foreign-funded projects amounted to 188, or 83.6% of the city's total FDI projects. Contract value of these projects were US$1.05 billion in total.

The tertiary industry attracted US$893 million worth of FDI projects, 4.1% more than in the same period of last year and the secondary industry attracted US$215 million worth of FDI projects.

In the first 11 months, Shanghai attracted US$9.62 billion of FDI in total, 3.3% more than in the corresponding period of last year, said Sha Hailin, chairman of the Shanghai Commission of Commerce.

Official data showed that the city's fixed-asset investment in the first 11 months grew 14.2% from a year earlier to US$485.9 billion.


Copyright © 2009 www.chinaknowledge.com
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