Songjiang is one of the densely-invested areas in Shanghai by international capital.
To the end of 2005, cumulatively more than 2300 enterprises from more than 50 countries and regions have been approved of investment in Songjiang with contracted foreign capital of 8.267 billion US Dollars. Songjiang ranks No.2 in Shanghai in terms of the two indicators of fixed assets investment and actually paid-up foreign capital.
Songjiang is one of the high-return areas for foreign investment output.
Above 75% industrial distribution, above 43% input in industrial fixed assets and above 99% foreign exchange earnings from export come from foreign-funded enterprises. In 2005 the total export and import volume reached 15 billion US Dollars and Songjiang Ranked No. 1 in Shanghai in terms of its total industrial output value and foreign exchange earnings from export.
Songjiang is one of the areas with high economic growth in Shanghai.
In 2005 Songjiang realized GDP of 35 billion Yuan, industrial and agricultural gross output value of 124.15 billion Yuan, and financial revenue of 8 billion Yuan, with growth rate respectively at 24.8%, 26.5% and 25.5%. In 2006 Songjiang will try to realize GDP of 40 billion Yuan, gross industrial and agricultural output value of 140.15 billion Yuan and financial revenue of 9 billion Yuan, with annual average growth rate of respectively 30.5%, 31.7% and 30.5%. GDP added value will rank No. 3 in Shanghai.
Songjian has state-level export processing zone---Shanghai Songjiang Export Processing Zone and shanghai first municipal-level industrial park---Songjiang Industrial Park. There gather more than 1550 foreign investment enterprises with total investment of 5.5 billion US Dollars and contracted foreign capital of 3.3 billion US Dollars, taking the leading position among Shanghai suburban regions. More than 30 World Top 500 enterprises have settled in Songjiang with heavy investment, including US Ford, Japan Hitachi, British ICI, and French Easilor. |
