Shanghai's FDI hits record high in 2021

0 Comment(s)Print E-mail Xinhua, January 13, 2022
Adjust font size:

In 2021, China's financial hub Shanghai registered record foreign direct investment (FDI) of 22.55 billion U.S. dollars, up 11.5 percent year on year, local authorities said at a press conference on Wednesday.

Aiming to further propel opening-up, improve its business environment and provide more investment autonomy for foreign enterprises, the Chinese metropolis issued procedures to streamline the approval and filing of projects with foreign investment at the press conference.

According to local authorities, the procedures that apply to foreign investors, and newly established or acquired projects by foreign-invested enterprises involving fixed asset investment in the city will come into effect on March 1.

In addition to these procedures, more measures such as tax exemption policies will be taken to facilitate foreign investment and attract more foreign investors, said Peng Yihao, deputy director of the Shanghai Municipal Development and Reform Commission.

Follow on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from