24 multinationals move HQ to Shanghai - Democratic Underground

The Northerner

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Thu Jul-15-10 10:10 PM
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24 multinationals move HQ to Shanghai

Source: CNTV

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.

Read more: http://english.cntv.cn/program/bizasia/20100715/101006.shtml

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msongs

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Thu Jul-15-10 10:17 PM
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1. wonder which nation is the biggest counterfeiter of disney stuff? nt

Edited on Thu Jul-15-10 10:19 PM by msongs

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Prometheus Bound

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Thu Jul-15-10 10:53 PM
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2. 'Regional headquarters' is is not quite the same as 'headquarters'.

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HCE SuiGeneris

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Fri Jul-16-10 09:26 AM
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6. Very misleading headline.

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AmericaIsGreat

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Thu Jul-15-10 11:13 PM
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3. regional HQ

If Walt Disney and Kraft moved their HQ to China I would officially lose all hope.

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Davis_X_Machina

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Thu Jul-15-10 11:42 PM
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4. Such was the case in the 20's and 30's...

...especially after the Tokyo earthquake. European and North American firms tended to have their Asian branches operating out of Shanghai. It's always been the most cosmopolitan city in China.

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RUMMYisFROSTED

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Fri Jul-16-10 09:23 AM
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5. Apt.

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moodforaday

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Fri Jul-16-10 01:12 PM
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7. And this is one big reason why

the US and EU are gradually becoming more like China - rather than China becoming more like them. The old race to the bottom!

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SunnySong

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Fri Jul-16-10 10:15 PM
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8. Um regional headquarters is not the same as headquarters...

Most of them probably moved from Hong Kong or Singapore.

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underpants

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Fri Jul-16-10 10:39 PM
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9. So the Chinese beat the WASP elite again?

The WASP elite are, it would seem, losers

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