Foreign investment to Shanghai rises for 17th year

Updated 2017-01-22 09:33:35 Xinhua

Shanghai Municipality received 18.5 billion U.S. dollars of foreign investment in 2016, up 0.3 percent, official data showed on Saturday.

The figure has risen for 17 consecutive years, with European countries' investment a major factor in 2016, according to the Shanghai Municipal Commission of Commerce.

Investment from European countries including France, Britain and Germany reached 1.86 billion U.S. dollars, up 42.4 percent from 2015.

About 16.3 billion U.S. dollars, more than 88 percent of the total, went into the service sector, up 2.5 percent, said an official with the commission on Saturday.

More foreign investment in services will help the city's industrial transformation and upgrades, the official said.

Also in the News

Nicole Kidman Recalls Oscar Glory: Loneliest Time
Showbiz2016/06/16 13:58July 21 2017 16:32:52

Nicole Kidman Recalls Oscar Glory: Loneliest Time

Attending Shanghai International Film Festival, Nicole Kidman talks about her role in "Grace of Monaco".

Labor Day Travel Peak Starts
Also in the News2014/05/01 12:16July 21 2017 16:32:52

Labor Day Travel Peak Starts

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'
Also in the News2014/04/18 13:18July 21 2017 16:32:52

Johnny Depp Delivers a Speech 'Evolve the Future' in 'Transcendence'

Hollywood star Johnny Depp's speech in the upcoming new film "Transcendence" has been disclosed on Friday, April 11th.

Most Watched

News:
China World Business Sports Showbiz Audio
Video:
C4 My Chinese Life The Sound Stage China Revealed Showbiz Video Travel Video
Photos:
China World Fun Travel Entertainment Sports
Travel:
Beijing Shanghai Guangzhou
Lifestyle:
Live Music Opera & Classical Movies Traditional Shows Exhibitions
Learn Chinese:
Chinese Studio Living Chinese Everyday Chinese Just For Fun Chinese Culture Buzzwords