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Foreign Direct Investment In Shanghai Rebounds In Q3

MNI (Singapore)

Foreign direct investment in Shanghai fell 5.5% y/y to USD27.35 billion in the first three quarters, implying FDI across July to September was positive and a rebound from the 38.9% slump in the second quarter, Securities Daily reported. Foreign capital inflows in the pharmaceutical and new energy manufacturing increased significantly, more than doubling year-on-year, the newspaper said. Outbound direct investment (ODI) was USD7.03 billion in the first nine months, down 37.7% y/y, the newspaper added.

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