Shanghai's contracted foreign investment slowed from the 40 percent growth of the first half of the year to 26 percent year on year in the first 10 months.
Contractual foreign investment reached US$9.7 billion for the first 10 months.
Analysts said that investment growth generally slows towards the end of the year but investment has also been drawn to other cities in the Yangtze River Delta, which offer cheaper land and labor costs.
Shanghai announced that it was drawing up policies to allow more foreign and private investment in hospitals and clinics. It now has 79 private hospitals and 20 overseas-invested hospitals or clinics, according to local media.