Additional articles from Trusted Source™ Shanghai Ministry of Commerce - Business
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Jinhu 75% of international capital into the service industry in Shanghai in the first half of newly approved foreign-invested projects, the tertiary industry 1527
International capital investment in Shanghai's tertiary industry, more and more enthusiasm, in the first half of this year, the city newly approved foreign-invested projects, the tertiary industry 1527; absorption of 6,158,000,000 U.S. dollars of contracted foreign investment, soared 53.9 percent year-on-year. The tertiary industry absorbed contractual foreign investment accounted for the same period in the city's total contracted foreign investment of nearly three-quarters of the proportion of its share of hits a record high on the most. Pudong New Area absorbed contracted foreign investment has declined urban centers Piaohong comprehensive, mixed districts in the suburbs.
Municipal Foreign Economic and Trade on July 17, this year, foreign investment in Shanghai are faced with great challenges never before, but foreign investment is still maintained rapid and healthy development of the situation. In the first half of the city's absorption of 8,299,000,000 U.S. dollars of contracted foreign capital is 5,033,000,000 U.S. dollars of foreign capital into, respectively, year-on-year growth of 22.3% and 17% respectively. As of the end of last month, settled down in Shanghai's foreign investment projects have a total of more than 50,000 to 50,527; absorption 137,703,000,000 U.S. dollars of contracted foreign capital is 79,716,000,000 U.S. dollars of foreign capital into.
In the first half of this year, foreign-funded enterprises in Shanghai to continue to maintain good operating condition, in which sales grew 25.6 percent, 35.7 percent growth in profits, taxes paid, up 24%, 10.9% growth in the number of practitioners. As of the end of last month, the Shanghai foreign-funded enterprises employed a total of 2,900,000 people; foreign trade import and export volume of foreign-funded enterprises still account for two-thirds of the city. So far this year, the city has not yet found the bulk of foreign-funded enterprises bankrupt, closed down, and move through the inflow of hot money investment situation.
Shanghai's tertiary industry in many areas this year, international capital flows to most of the real estate industry. Statistics show that in January to June the city approved a new real estate projects 70; absorption of 2,227,000,000 U.S. dollars of contracted foreign capital, up 1.01 times, accounting for the same period in the city's contracted foreign investment absorbed 26.8 percent of the total, the proportion of the same period last year increased 10.5 Percentage points. According to the analysis of foreign investment in Shanghai's real estate is still within the normal range, because foreign investment in commercial buildings, hotels, commercial facilities, accounting for the amount of contracted foreign investment of 47%, residential investment accounted for 44%, and the headquarters of the development of the economy, outsourcing services, Travel required for high-end hotel and commercial building, is still in a state Qiutaiyugong.
What is noteworthy is that the secondary industry in Shanghai this year, foreign investment dropped sharply again in the same period in the manufacturing sector across the foreign-invested projects, to reduce the general trend, Shanghai is even more prominent. January to June, the city's newly approved foreign-invested projects, the secondary industry 246; to absorb foreign contract 2,133,000,000 U.S. dollars, up 23.3 percent decline. Among the manufacturing sector to absorb foreign contract 2,048,000,000 U.S. dollars, up 24.4 percent decline in contracted foreign capital over the same period in the city, only the total amount of contracted foreign investment of 24.7 percent, hitting a record low. The reason is two-in-one tax, export tax rebate rate reduction, energy prices, environmental protection and energy-saving requirements, rising labor costs, the state-owned enterprises to actively participate in a joint venture of M & A is not higher.
Various districts and counties, in the first half of the Pudong New Area absorbed contracted foreign investment 2.3 billion yuan, down 12%. City Center project in the service sector, led by all-round growth in foreign investment, contracted foreign capital absorption in the first half of a total of 2,587,000,000 U.S. dollars, up 67.77 percent. Absorbed contracted foreign investment of more than 400,000,000 U.S. dollars have Luwan District and Jingan District, absorbed contracted foreign investment more than doubled year-on-year growth of the Huangpu District, Putuo District, Hongkou District and the Zhabei District. The outskirts of the district (not including the Pudong) to absorb a total of 2,724,000,000 U.S. dollars of contracted foreign capital, up 14.3 percent, but the mixed district, Minhang District, which absorb 740,000,000 U.S. dollars of contracted foreign capital, Jiading District 630,000,000 U.S. dollars; absorbed contracted foreign investment up 3 percent for the Jiading district, Qingpu and Chongming.
● inflow of foreign capital is the third largest real estate industry
● foreign investment in the secondary industry dropped into second
● City Center, an overall increase in foreign investment
● Jingan Luwan both capital more than 400,000,000 U.S. dollars
2008-07-18