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Shanghai: Bridgehead into China

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SHANGHAI, China (January 30th) – A grand total of US$ 5.26 billion profit was made by foreign companies in the Shanghai area, and that’s in 2003 alone… Shanghai is emerging as the bridgehead into China – most foreign enterprises come ashore here to enter into the Chinese market. A record investment in the area of […]

SHANGHAI, China (January 30th) – A grand total of US$ 5.26 billion profit was made by foreign companies in the Shanghai area, and that’s in 2003 alone… Shanghai is emerging as the bridgehead into China – most foreign enterprises come ashore here to enter into the Chinese market. A record investment in the area of US$ 3.81 billion proves this point. This benefits the entire area, as can be seen from tax revenues taken by the local government last year: some US$ 3.61 billion, which makes the Shanghai area the most affluent in China. The development is not bad for employment too: 1,25 million Chinese are in foreign employment.(MH)

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