1、The latest analysis of the Shanghai Academy of Social Sciences shows that the introduction of foreign capital has produced a tremendous influence on Shanghai’s development and the livelihood of its citizens. It predicts that Shanghai will witness an upsurge in direct investment from the world’s major economic powers from 2002. The rapid development over the past few years has made many believe that Shanghai is a sound port for international capital.
Statistics of the People’s Bank of China Shanghai Branch showed that， by the end of 2001， the number of overseas financial institutions in Shanghai had reached 65， of which 54 were foreign banks. The total assets， savings deposits and loan balance of foreign banks in Shanghai account for more than half of the total of foreign banks in China. So far， 8 of the world’s top 50 banks have set up branches in Shanghai 。
① the Shanghai Academy of Social Sciences
② total asset
The economic restructuring is conducive to the development of the poor areas. At this time when there is an increasingly fierce competition in both domestic and foreign markets， China is devoting major efforts to adjusting and optimizing its industrial structure. The developed regions， on the one hand， have quickened the pace of upgrading their industries and energetically developing capital- and technology-intensive industries. On the other hand， in order to improve the competitiveness of their industries， they are transferring some labor- intensive industries to the less-developed areas.
The poor areas， mostly situated in the central and western parts of China， have relatively rich resources and cheap labor. It is fully possible for the western region to import capital and technology， and accept transferred industries， so as to improve the position of poor areas in the division of regional industries and quicken the change of local industrial structure and economic development.
③capital- and technology-intensive