SHANGHAI, Feb. 25 (Xinhua) -- Twenty-one foreign investment projects were signed Tuesday in Shanghai's Pudong New Area, with a total contract value of over 1.7 billion U.S. dollars, according to the local authority.
The investment will go to a wide range of fields including supply chain management, smart manufacturing, medical supplies and equipment, and assets management, with projects funded by industry-leading players from the United States, Singapore, Britain, Japan and Switzerland, among others.
Major investors include Air Products, Liebherr, Siemens Healthineers, and ExxonMobil, among which Air Products plans to add another 470 million U.S. dollars to projects in the Chinese market in areas of project investment and asset management.
Pudong is one of China's major investment destinations for foreign companies, said Wang Hua, deputy head of the Pudong New Area. In January, Pudong attracted 710 million U.S. dollars of foreign investment, up 57.6 percent year on year and accounting for 47 percent of the total foreign capital inflow to Shanghai in the same month.
