Shanghai plans to open service sector further

SHANGHAI: The municipality will further open its service sector and aims to lure more foreign investment, Vice-Mayor Zhou Yupeng said yesterday.

The service sector attracted the largest share of Shanghai's contractual foreign capital last year $9.76 billion, or 67 percent, of the total $14.57 billion invested. The investment was mainly in commerce and real estate.

Total contractual foreign investment in Shanghai surged 5.4 percent year-on-year in 2006.