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      Shanghai's FDI surges in 2012

      2013-01-23 08:58 chinadaily.com.cn     Web Editor: qindexing comment

      Foreign direct investment flowing into Shanghai totaled $15.19 billion in 2012, up 20.5 percent year-on-year, the municipal government said at a news conference on Jan 21.

      The city's service sector received $12.69 billion in FDI, an increase of 21.6 percent year-on-year, while the industrial sector attracted $2.46 billion in FDI, up 16.5 percent year-on-year.

      Meanwhile, Shanghai's foreign trade edged down 0.2 percent year-on-year to $436.76 billion in 2012, the first decline in three years, according to Shanghai Municipal Statistics Bureau.

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