As China's economy continues to recover rapidly, the country's financial hub Shanghai remains attractive to foreign investment.
The total foreign direct investment (FDI) into Shanghai rose 20.3 percent year on year to 7.77 billion U.S. dollars in the first four months of 2021, the municipal government said on Monday.
During the period, 20 regional headquarters of foreign-funded multinational companies were established, raising the total to 791 in Shanghai. Seven foreign-funded research and development (R&D) centers were established in the same period, raising Shanghai's total to 488.
Shanghai will continue to unswervingly promote all-round opening up and improve its business environment to support foreign enterprises in achieving greater and better development in Shanghai, Zong Ming, vice mayor of Shanghai, told a ceremony on Monday.