Shanghai authorities report growth of foreign investments

Shanghai has seen an increase in foreign investment inflows of about $4.67 billion for the first quarter of the year, a year 4.5% year-on-year increase 8 Xinhua news agency reported on March 25. During the same period, 10 regional headquarters of foreign-funded international companies and five foreign-funded Belt and Track centres were also established in Shanghai. In total, the regional headquarters of 730 foreign-funded international companies, as well as 466 foreign-funded Belt and Track centers, were established in Shanghai at the end of March this year, indicating the rapid development of commerce in the municipality. A total of 129 projects with foreign investments worth more than $23.9 billion were concluded as part of two separate ceremonies in Shanghai from January to March organized by the city government.