Prime Land for Investment

Minhang has become one of the most competitive areas to investors. Currently, the district boasts of 89 projects invested by the world top 500 enterprises. In 2007 alone, six of the world top 500 invested in the district.

Foreign Investment

In 2007, the district attracted 393 new foreign-invested projects, with a total investment of 2.876 billion dollars. Their contractual value was 1.4 billion dollars. So far, the contractual value of the districts foreign-invested projects has exceeded 10 billion dollars, and their paid-up investment rose 14.9 percent to 1.007 billion dollars. This is a record high.

Most of these projects, or 93.3% percent of them, are wholly foreign-owned and take 81.5 percent of contrctual foreign investment. In 2007 alone, the district attracted 13 new enterprises, 34.2 percent of all,each with an investment of over 10 million dollars. Their total investment and contractual value reached 983 million and 250 million dollars.

Foreign Trade

The districts export rose 13.0 percent year-on-year to 13.637 billion dollars in 2007. Specifically, the export by foreign-invested enterprises totaled 12.836 billion dollars, up 9.4 percent, and that by Chinese-invested enterprises totaled 801 million dollars.

Export Products

In 2007, the districts export of machinery and electric products totaled 10.140 billion dollars, up 7.7 percent over the previous year, continuing to claim the largest share of the districts total export. The export of other major products, each worth over 100 million dollars, was 780 million dollars for optical instruments, 647 million dollars for textiles, 440 million dollars for metal products, 260 million dollars for plastic products.

Export Destinations

Most of the districts exports in 2007 were destined for North America, Europe and Asia, involving a total of 148 countries and regions. In terms of export value, Europe claimed 4.56 billion dollars, North America claimed 4.404 billion dollars, Asia claimed 3.687 billion dollars, Latin America claimed 480 million dollars, Oceania claimed 440 million dollars, and Africa claimed 50 million dollars.

Foreign-Invested Enterprises

At the end of 2007, the district had 2286 foreign-invested enterprises,.In the year, the operational enterprises saw their total sales revenue rising 7.9 percent to 151.629 billion yuan, their total profit rising 82.9 percent to 5.256 billion yuan.