rvingly opening to the outside world to increase its resilience to risks
and shoulder its responsibility as a major country,” said Wang Xiaosong, a researc?亚博娱乐yb156千花坊
h fellow with the National Academy of Development and Strategy under Renmin University of China.
?亚博娱乐yb156千花坊Covestro, a global chemicals giant that has been in China for nearly 20 years, is plannin
g to upgrade its China headquarters in Shanghai to its Asia-Pacific headquarters.
Holly Lei, president of Covestro China, said after the move, the?亚博娱乐yb156千花坊
company could better coordinate global resources to grow together with China.
?亚博娱乐yb156千花坊China is Covestro’s biggest single market and Shanghai is hom
e to its largest plant while housing its Asia-Pacific innovation center, said Lei.
Covestro is not alone in terms of expanding its business ambitions in the world’s second-largest economy.?亚博娱乐yb156千花坊
French carmaker PSA Peugeot Citroen plans to set up a regional procurement center in Sha
nghai. German chemicals giant BASF has increased investment to upgrade its innovation center in Shan
ghai after investing in a $10 billion production facility in Zhanjiang. The city is also home?亚博娱乐yb156千花坊女神会所
to Tesla’s gigafactory, which is under construction with an investment of over 50 billion yuan ($7.1 billion).
Investments from the European Union, Singapore, Japan and countries included in t?亚博娱乐yb156千花坊
he Belt and Road Initiative all grew at double-digit rates in the first half and the investm
ent structure is being optimized, said Hua Yuan, director of the municipal commission of commerce.
The high-tech service industry reported an actual use of foreign investment of $1.7 bil?亚博娱乐yb156千花坊女神会所
lion in the first six months, posting a hefty annual growth of 29.6 percent, said Hua.
A series of opening-up measures in multiple fields and industries and the impro
ving business environment has ramped up foreign investment interests in China.