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Safety of US Companies Guaranteed: Shanghai Mayor
Security measures have been taken to guarantee the safety of US institutions and firms in Shanghai, China's financial and economic center, in the wake of Tuesday's terrorist attacks on America.
Shanghai Mayor Xu Kuangdi assured a senior manager of General Electronics (GE) Thursday that Shanghai would not allowed terrorism to sabotage normal operation of US companies in the city, and the security of the US consulate in Shanghai has been tightened.
Xu expressed his condolences to families of the victims who were killed in the tragic attacks in New York City and Washington D.C. while meeting with Gary Rogers, GE's vice chairman of the board.
The Chinese people and government oppose any form of terrorism, and Shanghai gives equal treatment to foreign firms as long as they do business according to Chinese laws, Xu said.
Rogers said he is confident in GE's further development in Shanghai, which has a favorable and safe environment for foreign investors.
He came to Shanghai to launch GE's thirtieth firm in China -- a 25-million-dollar joint venture with Toshiba to produce organic silicon.
Shanghai is one of the most heavily U.S.-invested areas in China. U.S. investment in the city in the January-August period of this year registered 508 million U.S. dollars, a rise of 1.38 percent over the figure from the same period last year.
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