Shanghai hosts the regional headquarters of 940 multinational companies

2023-10-16 02:38:14

SHANGHAI, Oct. 16 (Xinhua) — Shanghai now has 940 regional headquarters of multinational companies and 551 foreign-funded research and development centers, according to a press conference held by the 2023 Shanghai Mayor’s International Business Leaders Advisory Council last Sunday.

Among them, 49 regional headquarters and 20 research and development centers will be launched in 2023.

Gong Zheng, Mayor of Shanghai, said at the press conference that since the beginning of this year, Shanghai’s economy has continued to recover, and has generally maintained a stable and positive trend, reflecting strong resilience and vitality.

“A good business environment is the key for Shanghai to attract foreign companies. We will plan and implement a number of new measures to continuously improve the business environment,” Gong added.

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