COVID-19 did little, if anything at all, to Shanghai’s foreign capital inflow

The report from Xinhua regarding the foreign capital inflows during the first quarter of 2020 is showing signs of real strength. 

Shanghai saw rising foreign capital inflows totalling about 4.67 billion U.S. dollars during the first quarter this year, up 4.5 percent year on year, the municipal government said Wednesday.

During the same period, 10 regional headquarters of foreign-funded multinational companies and five foreign-funded R&D centers also landed in Shanghai.

In total, the regional headquarters of 730 foreign-funded multinational companies, as well as 466 foreign-funded R&D centers, had landed in Shanghai by the end of March, as the city's headquarters economy continues to thrive, statistics from the municipal commission of commerce showed.

A total of 129 foreign investment projects worth over 23.9 billion U.S. dollars had been signed in two separate ceremonies organized by the Shanghai government in January and March, respectively.

As a financial hub, Shanghai has unveiled a number of new measures on facilitating the development of foreign enterprises, including easing market access and expanding opening-up, as part of its efforts to further spur growth and minimize the impact of the coronavirus outbreak.

Source: Xinhua

With the effective control of the COVID-19 pandemic, the production and operation of factories in China gradually resumed to normal.

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