Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    Foreign firms ink investment deals worth $8b

    By HE WEI in Shanghai | China Daily | Updated: 2020-07-23 08:08
    Share
    Share - WeChat
    Tourists savor the sights of the Bund area of Shanghai. [Photo by Wang Gang/For China Daily]

    International businesses reaffirmed their vote of confidence in China by signing foreign investment deals worth over $8 billion on Wednesday in Shanghai.

    Deals for 54 projects were inked in a ceremony attended by the Shanghai Mayor Gong Zheng. Fifteen of them are related to "new infrastructure" construction, artificial intelligence and integrated circuits. The slew of projects suggested companies' determination and confidence to flourish in China and in Shanghai, according to Vice-Mayor Xu Kunlin.

    Boehringer Ingelheim is investing 451 million euros ($519 million) in China over the next five years, a move that the pharmaceutical giant deems "is a good moment now", said its China chairman and CEO Felix Gutsche. "We will continue to invest in China and for China … It's a good moment to reconfirm our presence in China, and in Shanghai," he told China Daily.

    Gutsche said most of the investment will be used to spur innovation, which refers to investment in animal health, clinical studies, digital labs and biopharmaceuticals, all of which "are supported by the 'Healthy China 2030' initiative".

    He also touted the municipal government's efficiency in dealing with the COVID-19 pandemic by rolling out timely and effective measures to stimulate businesses.

    Despite the global economic turbulence due to the contagion, Shanghai received $10.28 billion foreign capital in the first six months of this year, up 5.4 percent on a yearly basis. The city has also ushered in 26 regional headquarters and 10 research and development centers of multinational corporations during the same period, taking the totals to 746 and 471 respectively.

    "The city has a complete set of infrastructure, an environment that respects the rule of law, and an efficient government, on top of a multitude of talents, all of which are integral to a company's growth and development," said Philippe Snel, China representative of PRD Group.

    The French specialist in industrial estate development and operations is teaming up with Shanghai-based Junjian Corp Development Co Ltd to set up a joint venture for smart supply chain services to cater to China's huge e-commerce market.

    "Additionally, many of our clients are also headquartered in Shanghai, so Shanghai presents an invaluable advantage for us," Snel said. "We will first take root in Shanghai as our center and gradually expand to other areas in the Yangtze River Delta."

    Casappa Hydraulics is looking to establish its Asia-Pacific headquarters in Shanghai to further consolidate its presence in China, according to Davide Bruschi, general manager of Casappa Hydraulics (Shanghai) Co Ltd.

    "It's always easy to set up businesses in Shanghai, and especially in Pudong (New Area), with the government always being helpful (to businesses).More importantly, we always manage to find the right talent here," he said.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    中文精品99久久国产| 最近2019中文字幕电影1| 18无码粉嫩小泬无套在线观看| YW尤物AV无码国产在线观看 | 国产精品亚洲а∨无码播放| 精品无人区无码乱码大片国产| 亚洲人成影院在线无码观看| 人妻少妇久久中文字幕| 亚洲中文字幕无码日韩| 中文字幕精品一区影音先锋| 少妇无码?V无码专区在线观看| 无码精品久久久天天影视| 一本色道无码道在线| 精品久久久无码人妻中文字幕豆芽 | 精品无码久久久久国产动漫3d| 久久久久无码精品国产不卡| 无码人妻少妇久久中文字幕| 波多野结衣中文字幕在线| 亚洲爆乳精品无码一区二区三区| 最近中文国语字幕在线播放视频| 亚洲av中文无码乱人伦在线r▽| 特级做A爰片毛片免费看无码| 天堂√最新版中文在线天堂| 无码av最新无码av专区| 在线a亚洲v天堂网2019无码| 亚洲AV无码一区二区大桥未久| 国产午夜片无码区在线播放| 无码区国产区在线播放| 亚洲AV永久纯肉无码精品动漫| 一本一道av中文字幕无码| 亚洲午夜福利精品无码 | 亚洲成a人无码av波多野按摩| 成人无码小视频在线观看| 国产精品xxxx国产喷水亚洲国产精品无码久久一区 | 中文字幕亚洲色图| 人妻丰满熟妇岳AV无码区HD| 欧美日韩中文字幕在线看| 日本无码WWW在线视频观看| 18禁超污无遮挡无码免费网站| 曰韩精品无码一区二区三区| 中文午夜乱理片无码|