Foreign Investment

A total of 1,360 foreign-invested projects won approval to operate in the city in 2003. Foreign direct investment contract values were US$3.27 billion, and real foreign direct investment was reported to be US$2.15 billion, up 16.5 percent year-on-year. A more rational distribution of foreign investment was evident, with 70.6 percent of it directed toward the teriary sector, 10 percent more than the previous year. Wholesale and retial sales and catering accounted for 35.8 percent of the foreign investment. They were joined by computer services at 42.3 percent and information consulting with 38.1 percent.