FOREIGN direct investment in Shanghai grew 14.9 percent from a year earlier to US$1.6 billion in April, a four-month high in terms of value due to the rapid growth of investment in the city’s manufacturing sector, the Shanghai Statistics Bureau said yesterday.
The pace picked up from the increase of 10.4 percent in March with a total of 259 foreign-invested projects signed last month.
Contracted investment in the city’s manufacturing sector, which accounted for almost 20 percent of the total value, surged 29.9 percent year on year last month. Investment in the service sector contracted 16.6 percent, but was still around 80 percent of the total.
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Wang Yanlin via CHINA US Focus http://feedproxy.google.com/~r/ChinaUsFocus/~3/iW6PMUnqM5w/
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