Shanghai is fighting to maintain its current level of investment from overseas. Slowing economies in Asia and depressed currencies throughout the region would hold foreign investment this year to about last year's total of US$8 billion, Shanghai Foreign Investment Commission deputy director Xia Zhongguang said. 'Before, foreign investors came to us in large numbers and we could make our selection,' he said. 'Now we can't just sit here, we have to go see them. It's a matter of supply and demand.' Foreign direct investment is expected to fall by about one third this year to $30 billion, from $45 billion.