Attracting foreign investment

It attracted $ 916 million in foreign investment contract value,an increase of 0.8 percent over the same period last year.Among them,360 new FDI projects were approved,with FDI contract value of $ 464 million;there were also 153 capital injection projects,totaling $ 452 million in FDI contract value.The combined FDI contract value of new or capital injection projects at above $ 10 million was $ 559 million,or 61.1% of the total.The year??s actual utilization of foreign investment was $ 568 million.159 companies in the modern service industry were newly approved,with a contract value of $ 720 million,or 78.6% of the total.In 2011 a breakthrough was made in the medical services industry with the introduction of the first joint venture International Hospital - Chelsea Shanghai International Hospital Ltd,with a registered capital of $ 103 million.Last year,four management-type regional headquarters and six investment companies chose to be located in Xuhui,which as of the end of 2011 was home to 38 management-type regional headquarters and 39 investment companies.Foreign trade and exports The total imports and exports totaled $ 1.594 billion,an increase of 26.1 percent over the same period last year.Among this,exports totaled $ 877 million,an increase of 31.3%.By way of Trade,general trade exports was $ 850 million,an increase of 33.7%;processing trade exports was $ 23 million,down 21.1 percent.Exports were mainly electromechanical products,textile products and base metals to the United States,Japan and other countries..

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