Government News

Shanghai Daily News Digest

Services draw most of foreign capital   2016-08-17

 

 

SHANGHAI'S service industry attracted most of the foreign investment in the first half of the year as investors tapped the opening-up policies used in the city's free trade zone, the Shanghai Commission of Commerce said yesterday.

Foreign investors have invested US$8.7 billion in Shanghai in the first half year, an annual rise of 1.4 percent, data from the commission showed.

The service sectors including financial services and e-commerce, accounted for 94.3 percent of foreign investment in Shanghai in the first six months of this year, according to the data.