SHANGHAI, Jan. 24 (Xinhua): Despite global economic fallout from the Covid-19 pandemic, Shanghai has seen growth in both foreign trade and the actual use of foreign capital in 2020, with more regional headquarters of multinational companies and foreign R&D centers newly set up in the city.
Speaking at the ongoing fifth session of the 15th Shanghai Municipal People's Congress, Gong Zheng, mayor of Shanghai, noted that the city's foreign trade in 2020 increased 2.3 percent year on year, with imports and exports volume totaling 3.5 trillion yuan (US$540 billion).