Shanghai's economy grew last year despite the COVID-19 pandemic, the city's mayor said.
Foreign direct investment in Shanghai hit a record high in 2020 despite the COVID-19 epidemic, according to data from the municipal government.
A total of 62 foreign invested projects signed agreements with the municipal government of Shanghai on Friday.
Multiple new biomedicine projects were included on Jan 4 among the 64 new projects in Shanghai, which is positioning itself to be a biomedical hub for Asia.
Hema Fresh opened its global headquarters in the Lujiazui area of Pudong, Shanghai on Dec 31.
The "Zhangjiang Online" industrial park, with a planned area of 4.1 square kilometers, was launched in Zhangjiang Science City in Pudong, Shanghai on Jan 4.
Shanghai launched 64 new projects with a combined investment of 273.4 billion yuan ($42.2 billion) on Monday.
Shanghai's paid-in foreign capital amounted to $19.04 billion in the first 11 months of 2020, growing by 6.8 percent year-on-year.