Foreign Investment in Pudong New District

Foreign Investment in Pudong New District

Pudong New District is taking of China’s reform and opening up and miniature of Shanghai’s modernization as well as the core functional region for Shanghai’s “four center” initiative.

In the “12th Five Year”, Pudong New District is actively moving forward comprehensive, more aware of responsibilities and missions, centered on improving socialist market economy, implementing government, market and social reforms, promoting reform with wider openness, adopting demand-oriented, problem-oriented, and project based approaches, identifying critical breakthroughs, and strengthening efforts to achieve “breakthrough in Pudong, applicable to Shanghai, replicable to China” in terms of social involvement and democracy in legal environment, diversified culture, and public policy, restriction on administrative power, government’s transparency, social credibility, HR environment, capital mobility, and public services.

Pudong’s comprehensive reform has boosted the foreign investment in the district.

Up to the end of 2012, there were over 20,000 foreign-invested projects with total contracted foreign capital of USD 70 billion and paid-in foreign capital of USD 48 billion. 308 global 500 companies have invested 1,023 projects in Pudong.

Pudong will implement the principles of the 18th Party Congress, comply decisions and deployment of the city government, seek its position and responsibility in deepening reforms and opening up, play its role in innovation-driven and transformational development, take the change of “second leap”, move forward comprehensive reforms with higher standards and greater vision, and offer more experiences in the practices of optimizing government services, expanding reform, attracting talents, and balancing urban and rural development.

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