Prime Land for Investment

Minhang has become one of the most competitive areas to investors. In 2009, the district had 93 projects invested by Top 500 enterprises of the world, 3 more than in the previous year.

Foreign Investment

In 2009, the district attracted 387 new foreign-invested projects. Their contractual value was 1.2 billion dollars. Their paid-up investment rose by 11% year-on-year to 1.13 billion dollars. In 2009, 37 of these projects had an investment or capital increment of over 10 million dollars. Their contractual value was 735 million dollars.

Foreign Trade

The district’s export dropped by 3.2% year-on-year to 17.565 billion dollars in 2009. Specifically, exports by foreign-invested enterprises totaled 16.83 billion dollars, 2.4% lower than the previous year, and that by domestic enterprises totaled 730 million dollars.

Export Products

In 2009, the district’s exports of machinery and electric products totaled 15.739 billion dollars, continuing to claim the largest share of the district’s total export. To be specific, the export volume of optical instruments reached 238 million dollars and the textile products recorded an export volume of 636 million dollars.

Export Destinations

Most of the district’s exports in 2009 were destined for North America, Europe and Asia,. In terms of export value, Europe claimed 5.362 billion dollars, North America claimed 6.355 billion dollars, Asia claimed 4.536 billion dollars, Latin America claimed 812 million dollars, Oceania claimed 367 million dollars, and Africa claimed 133 million dollars.

Foreign-Invested Enterprises

As of the end of 2009, the district had a total of 2,924 foreign-invested enterprises that were in operation. In the year, their total sales income increased 42.8% on-year to 298.742 billion Yuan, their total profit increased 110% to 12.429 billion Yuan, and their total tax contribution increased 9.4% to 17.076 Yuan. Tax contribution of these enterprises accounted for 53.4% of the district’s total tax revenue.