Tourists are seen at the Bund in Shanghai, east China, March 24, 2020. Shanghai announced downgrading of its emergency response to the novel coronavirus outbreak from level I to level II starting Tuesday. (Photo by Wang Xiang/Xinhua)
152 major projects were inked in Shanghai Tuesday. The total value of foreign-invested projects was over 16 billion U.S. dollars, including Sam's Club's first flagship outlet in China.
SHANGHAI, March 31 (Xinhua) -- A total of 152 major projects involving 441.8 billion yuan (about 62.4 billion U.S. dollars) were inked in Shanghai Tuesday.
Among them, 28 major projects involving 161.8 billion yuan were inked on-site while 124 projects worth a total of 280 billion yuan were signed online.
The projects are mainly in the sectors of integrated circuits, artificial intelligence, biomedicine, aerospace, intelligent manufacturing, new energy and high-end intelligent equipment, new materials, financial services, commercial retail and business services.
The total value of foreign-invested projects was over 16 billion U.S. dollars, including Sam's Club's first flagship outlet in China.
The city also launched an investment promotion platform that has information about 400 relevant policies, 200 various industrial parks and 3,000 office buildings. ■
