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Japanese Investment in Shanghai Rising
Shanghai approved the establishment of 118 Japanese-funded projects in the first seven months of this year, which calls for a total of 410 million US dollars of investment.
According to officials attending the Seventh Shanghai-Kansai Economic Conference hosted recently in Shanghai, the investment was 370 percent higher over the same period last year.
"This shows that investors from Japan are fully optimistic regarding China's investment environment and future market," said Liu Jinping, deputy director of the Overseas Investment Committee of Shanghai.
Statistics show that the two major Japanese investment projects in the period are the Songjiang-Fuji Electro & Chemical Co., Ltd. and the Toshiba Computer Co., Ltd. (Shanghai), involving 27 million US dollars and 11 million US dollars, respectively.
The Shanghai-Kansai Economic Conference was initiated by the business and economic circles of the two countries in 1993. This year's conference was themed on the trend of Shanghai's economic development in the 21st century.
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