Multinationals Leave for Shanghai‏


Inquiring minds are mulling over the consequences reported by CNTV (People’s Republic of China National Television) regarding 24 Multinationals moving their headquarters to Shanghai:

24 multinational companies, have decided to move their regional headquarters to Shanghai, including 6 Fortune 500 companies such as Vale, Walt Disney and Kraft Foods.

This will push the total number of companies with regional headquarters in Shanghai to nearly 300. Nearly 500 have regional research and development centers there.

Shanghai has been China’s top destination, for multinationals. Even during the world economic slump, the city’s foreign direct investment still increased. Data shows Shanghai’s foreign direct investment has already surpassed more than 5 billion US dollars in the first half of this year.

A vibrant economy does not lose company HQ’s to another country.

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