For­eign in­vestors clus­ter in Shang­hai

China Daily European Weekly - - News Digest -

Twelve ma­jor for­eign-funded projects will soon get un­der­way in Shang­hai, as the city main­tains its po­si­tion as a hot­bed of for­eign in­vest­ment. Data cen­ter so­lu­tion provider GDS, SAIC Gen­eral Mo­tors, and Lux­em­bourg­based com­mer­cial ve­hi­cle sup­plier SAF-Hol­land are among com­pa­nies pledg­ing a to­tal in­vest­ment of 23.4 bil­lion yuan ($3.3 bil­lion; 2.9 bil­lion eu­ros; £2.6 bil­lion) in Shang­hai, the mu­nic­i­pal gov­ern­ment an­nounced at a con­tract-sign­ing cer­e­mony on Oct 27.

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