FDI In Shanghai

Pre-liberation Shanghai boasted 113 financial buildings in the Bund area, was the birthplace of global powerhouses such as HSBC and AIA, and was even trumpeted as the "Wall Street of the Far East" not long after it issued China's first share certificate. Today's Shanghai, home to 16 million people, 143 foreign and domestic financial institutions and the country's "big board" stock exchange, fills one-eighth of China's government fiscal coffers and contributes one-fourth of the country's import and export trade volume. Together with other Yangtze River Delta cities within a 250-kilometre radius, Shanghai contributes 20% of the nation's entire GDP. Her 2004 foreign direct investment (FDI) projection of US$12 billion will account for 11% of China's total projected capital inflow.