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Shanghai drew 102 foreign-invested manufacturing projects in 11 months of 2018
01.09.2019
    Shanghai attracted 102 foreign-invested manufacturing projects in the first 11 months of 2018, rising 67.2 percent from the same period last year, according to the Shanghai Commercial Commission.
     
    The actual investment from overseas soared 97 percent to US$1.569 billion in the same period, with 90 percent being in the key industries of equipment, auto parts and electronic equipment sectors.
     
    French auto parts maker Valeo is one such investor. Valeo set up its research center for powertrain in early 2018 to develop solutions like reducing fuel consumption and carbon dioxide emissions. In the past three quarters, the research center has recruited more than 100 professionals.