The city approved 4,061 foreign-invested projects with contract value totaling US$14.6 billion last year, a 5.4 percent increase over 2005, the Shanghai Foreign Economic Relations and Trade Commission reported yesterday.

Among the new projects, 2,962 deals worth US$9.8 billion were in the service industry, the city's trade and investment authority said. "Contracted foreign investment in the service industry jumped 33.5 percent in 2006," said the commission's Chen Zhangyuan.

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