China Financial Daily

Shanghai is the first half of 2009 to 5.159 billion U.S. dollars of foreign capital by 2.5% year-on-year
First half of this year rising trend of foreign capital Shanghai, in which the plight of the service sector to attract investment in the Light touch. From the July 6 City Business Committee for Information Display: January to June in Shanghai to foreign investment is 5.159 billion U.S. dollars, an increase of 2.5%, higher than the national average increase over the same period by about 18 percentage points.

According to the city committee of the responsible person of business forecasts, foreign capital this year to Shanghai is expected to be maintained at last year’s record level of 10.084 billion U.S. dollars and growth.

First half of this year, the city’s newly approved 1468 foreign investment projects; absorbed 6.664 billion U.S. dollars of contracted foreign capital, up 19.7 percent decline. Decline, although lower than the national average decline, but still very difficult.

In order to minimize the financial crisis on the Shanghai foreign investment work, from the beginning of this year, the City Commission business delegation went to Germany, France, the United States headquarters of 15 multinational companies to understand the strategies of these enterprises to invest in Shanghai plans to adjust. At the same time, the city of Commerce Commission also visited some foreign-funded enterprises in Shanghai, to understand and help solve their problems, the establishment of the focus of foreign system. In fact, the financial crisis only temporarily slowed down the pace of foreign investment, Shanghai is still the first choice for international capital investment in one.

Foreign investment service industry showed strong resilience in nature. First half of this year, the tertiary industry Shanghai 1295 foreign investment projects, absorbing 5.053 billion U.S. dollars of contracted foreign capital, the city accounted for the same period the total number of newly approved foreign investment projects, the total amount of contracted foreign capital of 88.22% and 75.83%, were higher than the same period last year.

Shanghai Science and Technology services to absorb a new area of foreign investment. This year the international well-known classification societies have invested in Shanghai to set up a ship into the headquarters-level inspection institutions in China. Up to now, International Association of Classification Societies (IACS) 11 members, seven members have been camped in Shanghai.

Headquarters of foreign-invested projects, the economy was barely affected by the impact of financial crisis. January to June, the city’s newly approved foreign-invested projects, the economic headquarters of 31, including 16 regional headquarters of transnational corporations, foreign investment companies 5, 10 foreign R & D center. As of the end of last month, the headquarters of investment in the economy settled down in Shanghai foreign-invested projects, a total of 707.