Shanghai absorbed 4.11 billion US dollars worth of foreign investment in the first four months of this year, with more than half going to the municipality's tertiary sector, said the Shanghai-based Jiefang Daily.

The city's tertiary sector absorbed 2.17 billion US dollars of foreign investment in the first four months, up 69.3 percent year- on-year.

The figure accounted for 52.9 percent of the city's total foreign investment in the same period, up 22.3 percentage points year-on-year, the local media said.

Dramatic changes have taken place in the structure of foreign investment in the city. The real estate industry has attracted most of the funds, followed by leasing and commercial service sectors.

Wholesale and retail sales recorded fastest growth in receipt of foreign investment, the paper said.

Source: Xinhua