Shanghai Vows to Lure More Overseas Funds Into Pudong DistrictShanghai welcomes both large and small enterprises from outside China and the country's Taiwan to invest in its Pudong New District.Zhou Yupeng, vice mayor of Shanghai, made the remarks while briefing participants on the investment environment in Pudong at the on-going Fourth China Fair for International Investment and Trade, which opened Friday. Zhou said, the Pudong New District, established ten years ago, has attracted 98 of the world's top 100 industrial enterprises, which have invested in 181 projects. The district now has more than 6,300 overseas-funded enterprises. The number of Taiwanese-funded enterprises is 639, with a combined investment of 2.4 billion U.S. dollars. Wang Ande, deputy director of Pudong, said that his district will further open the market for financial insurance, high-tech industries and service trade. The district will also speed up the construction of infrastructure facilities including harbors, airports and other projects to attract more overseas funds. Pudong's gross domestic production (GDP) has increased by 14 times compared with ten years ago, and its per capita GDP now exceeds 5,000 U.S. dollars a year. Its 1999 GDP accounted for one-fifth of Shanghai's total.. |
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