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More World Top Corporations Niched In Beijing
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In recent years, the transnational corporations have made much progress in investing in Beijing. About 158 of the 500 world top transnational corporations have moved in the city for development, strongly promoting the adjustment of Beijing's economic structure and its industrial upgrading. They have contributed much to the economic construction of Beijing.
Beijing has formulated policies to encourage the transnational corporations to set up their area headquarters and research organizations in the city in recent years, supporting them in such fields as investment, loan, land use and tax revenue. More and more transnational corporations have turned to Beijing for further development. Until now, 158 transnational corporations have set up 110 investment companies in Beijing. Forty-five transnational corporations have set up 48 research organizations. The transnational corporations, gushed into Beijing in recent years, have poured new vigor into Beijing for its development of economy.
(www.ben.com.cn 04/16/2001)
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