Overseas Chinese invest in Shanghai

SHANGHAI: Overseas Chinese fund or play a hand in the funding of almost half of the 28,000 foreign-invested companies in Shanghai, making indelible contributions to the city's development.

At a recent gathering to mark the 30th anniversary of the country's reform and opening up, people of Chinese birth or descent who live abroad were praised for their deep love of their motherland.

In the years between 1978 and 1995, the local government approved around 13,600 foreign investment projects.