Economic Overview
  • Attracting foreign investment

    It attracted $ 916 million in foreign investment contract value, an increase of 0.8 percent over the same period last year. Among them, 360 new FDI projects were approved, with FDI contract value of $ 464 million; there were also 153 capital injection projects, totaling $ 452 million in FDI contract value. The combined FDI contract value of new or capital injection projects at above $ 10 million was $ 559 million, or 61.1% of the total. The year’s actual utilization of foreign investment was $ 568 million. 159 companies in the modern service industry were newly approved, with a contract value of $ 720 million, or 78.6% of the total. In 2011 a breakthrough was made in the medical services industry with the introduction of the first joint venture International Hospital - Chelsea Shanghai International Hospital Ltd, with a registered capital of $ 103 million. Last year, four management-type regional headquarters and six investment companies chose to be located in Xuhui, which as of the end of 2011 was home to 38 management-type regional headquarters and 39 investment companies. Foreign trade and exports The total imports and exports totaled $ 1.594 billion, an increase of 26.1 percent over the same period last year. Among this, exports totaled $ 877 million, an increase of 31.3%. By way of Trade, general trade exports was $ 850 million, an increase of 33.7%; processing trade exports was $ 23 million, down 21.1 percent. Exports were mainly electromechanical products, textile products and base metals to the United States, Japan and other countries.