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Economic Development
 
 
 
Foreign Investment

In the recent years, a considerable number of foreign investment projects have been introduced into Yangpu District from world’s top 500 enterprises such as Siemens, Continental AG, Auchan, B&G, Henkel, Cott, Hines, China Resource Corporation and Bosideng Fashion.

In 2006, 47 projects were introduced and contracted foreign investment added up to RMB290,000,000, an year-on-year increase by 15%; solely-foreign-funded enterprises came up with a gross industrial output value of RMB512,000,000, an year-on-year increase by 2.2%; and the proportion of foreign investment roared and the annually tax revenue from foreign parties amounted to RMB1.388 billion, an year-on-year increase by 46%.

As of the end of 2006, the total contracted foreign investment had added up to $1.846 billion in Yangpu District, and an accumulated 768 foreign-funded enterprises had been approved for registration, including 285 joint ventures, 106 cooperative companies and 377 solely-funded enterprises.

In 2006, the total imports and exports in Yangpu District arrived at $744,000,000, a year-on-year increase by 3%, of which exports worth $348,000,000 were completed directly from customs.

The primary export commodities were still textile products, whose export volume was $215,000,000, taking up 61.7% of total export volume and there was an obvious increase in technology content. Major importers were the U.S., Japan, and China Hong Kong. As the largest market, the U.S. took a portion of 35.41%.

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