Minhang has become one of the most competitive areas for investors. By the end of 2011, the district had 20 regional headquarters of multinationals, nine investment corporations, 21 foreign-funded research institutions.

In 2011, the district approved 659 new foreign-invested projects, with contractual value up to US$2.261 billion. The

paid-up investment increased 5.6 percent year-on-year, reaching US$1.497 billion. In 2011, 60 of these projects had

new investment or a capital increment of over US$10 million. Their contractual value was US$1.74 billion, accounting for 77 percent of the district’s total foreign investment.

In 2011, the district’s imports and exports increased 9.3 percent year-on-year to US$26.436 billion. Exports totaled

US$17.775 billion, 4 percent higher than the previous year, and imports totaled US$8.66 billion, up 21.9 percent.

In 2011, the district’s exports of machinery and electric products totaled US$14.591 billion. The export volume of textile products reached US$625 million, and that of chemical products US$401 million.

In 2011, most of the district’s exports were destined for North America, Europe and Asia. In terms of export value, North America claimed US$6.516 billion, Europe US$6.273 billion and Asia US$3.424 billion. Exports to Latin America, Oceania and Africa totaled US$1.562 billion.

By the end of 2011, the district had 3,487 foreign-invested enterprises in operation. In the year, their total sales

income increased 14.7 percent year-on-year to 376.611 billion yuan, and their total tax contribution increased 14

percent to 20.189 billion yuan, accounting for 50.5 percent of the district’s total tax revenue.

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