Pudong Encourages Foreign Investment, Export TradeThe Pudong New District authorities have adopted policies to boost the development of foreign investment and foreign trade.Multi-national companies are encouraged to set up regional headquarters in the area, which is already the host for 25 such organs. Over 600 investment firms are now working in Pudong, operating some 100 billion U.S. dollars of funds. More are welcomed and they are promised to enjoy national treatment. According to the policies, existing companies are encouraged to add more investment. The micro-electronics industry is also given preferential treatment and a national park for the industry is scheduled to be built here. the local government has installed hotlines to handle complaints from foreign invested companies and act as a bridge between them and the government. Meanwhile, more foreign funded enterprises will have more power to conduct import and export trade and the procedures for application simplified. Furthermore, companies of foreign trade will get help in terms of cash flow and going through customs procedures. |
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