Global investors going west

0 Comment(s)Print E-mail China Daily, June 7, 2013
Adjust font size:

Vice-Premier Zhang Gaoli, accompanied by Time Warner Inc Chief Executive Jeff Bewkes, walks to the podium to deliver his keynote speech at the opening ceremony of the Fortune Global Forum in Chengdu, Sichuan province, on Thursday.[China Daily]

Vice-Premier Zhang Gaoli, accompanied by Time Warner Inc Chief Executive Jeff Bewkes, walks to the podium to deliver his keynote speech at the opening ceremony of the Fortune Global Forum in Chengdu, Sichuan province, on Thursday.[China Daily]

China's emerging western region has become increasingly attractive to global investors, with money flowing into high-end industries rather than old factories that might have been relocated from coastal areas, the mayor of Chengdu said on Thursday.

"Many multinational companies have been unwilling to see their investment in the western region labeled as industries simply being transferred from coastal areas, which often implies new plants with old facilities and technology," said Ge Honglin, during the Fortune Global Forum, being held in the southwestern city from Thursday to Saturday.

The capital of Sichuan province is now home to 238 of the Fortune Global 500 companies, compared with 130 in 2008, according to Ge.

"Many executives have stressed that they came to the western region for development, and that they have brought probably their most advanced technology or most competitive products to the region," Ge said.

Ellen Kullman, chief executive officer of DuPont, said that the company established a plant in Chengdu last year while jointly setting up a research institution with Sichuan University to develop new fire- and heat-resistant materials. An innovation center is also being planned.

"The western city is now a hub for many manufacturing industries and we are glad to have set up a plant here," she said.

"Many products made in China are being sold on the global market," she added.

"The Chinese market is often used to balance other emerging markets, including India and South Africa. Our research and development team in China has doubled but is still very busy."

DuPont's annual Chinese sales were around $3 billion, between 8 and 9 percent of the company's global sales. It has about 7,000 Chinese employees, within a global workforce of 67,000.

Ge added that the city invites multinational companies into Chengdu, which are not just eyeing local or provincial markets.

"We expect products developed by these companies to go to the global market."

Chengdu is considered the development powerhouse of the western region, receiving the highest amount of non-financial foreign direct investment.

FDI in the western region surged 25.7 percent year-on-year in the first four months of this year to $3.11 billion, compared with a 1.1 percent decline in the eastern region, and a 5.7 percent rise in the central area during the same period, according to the Ministry of Commerce.

Exports from the western region jumped 36.7 percent year-on-year from January to April, compared with a national 17.4 percent export growth in the same period.

"We came to Chengdu as early as 2000, and it is the most successful decision we have made," said Bruno Lafont, executive chairman and chief executive officer of Lafarge SA.

"We appreciate the local government's work in simplifying procedures as well as their supportive policies."

A direct rail route linking the inland Chinese metropolis to the central Polish city of Lodz was opened earlier this year, becoming the fastest rail freight route between China and Europe.

Ge said the new route was also more competitively priced than equivalent sea rates.

"When we invite multinational companies into the city, we focus on their connections with local small- and medium-sized enterprises, how they might boost the development of new technical products, and how they might fit into local industrial and supply chains," Ge added.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 伊人色综合久久天天人守人婷| 中文字幕国语对白在线电影| 永久免费bbbbbb视频| 卡一卡2卡3卡精品网站| 青青草免费在线视频| 国产热の有码热の无码视频| 91国在线视频| 天天夜碰日日摸日日澡| 中国一级特黄特色**毛片| 日本三人交xxx69| 久久精品国产亚洲av四虎| 欧美人与动欧交视频| 亚洲欧美日韩中文字幕一区二区三区 | 好吊色青青青国产综合在线观看| 中文字幕无码不卡一区二区三区| 日韩av无码成人精品国产| 亚洲AV永久无码一区二区三区| 欧美天天综合色影久久精品| 亚洲欧美日韩一级特黄在线| 澳门开奖结果2023开奖记录今晚直播视频| 全部在线播放免费毛片| 精品无码日韩一区二区三区不卡| 四虎AV永久在线精品免费观看| 色釉釉www网址| 国产午夜免费福利红片| 高清一级淫片a级中文字幕| 国产特黄特色的大片观看免费视频| 伊人久热这里只精品视频| 国产精品无码一区二区在线 | 最近2019年中文字幕国语大全| 亚洲中文字幕久久精品无码a| 欧美性大战xxxxx久久久| 亚洲天天综合网| 欧美成人手机视频| 亚洲成色在线综合网站| 欧美日韩亚洲国产一区二区三区| 亚洲欧美一级视频| 欧美日韩在线国产| 亚洲日本人成中文字幕| 欧美性生交xxxxx丝袜| 亚洲国产精品一区二区久|