Shanghai's FDI surges in 2012

Foreign direct investment flowing into Shanghai totaled $15.19 billion in 2012, up 20.5 percent year-on-year, the municipal government said at a news conference on Jan 21.

The city's service sector received $12.69 billion in FDI, an increase of 21.6 percent year-on-year, while the industrial sector attracted $2.46 billion in FDI, up 16.5 percent year-on-year.

Meanwhile, Shanghai's foreign trade edged down 0.2 percent year-on-year to $436.76 billion in 2012, the first decline in three years, according to Shanghai Municipal Statistics Bureau.