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Economic Zone Draws Attention of '99 FGF Participants

cg1.jpg (12780 bytes)Representatives from 58 of the top 500 enterprises in the world as well as other Fortune Global Forum (FGF) participants from the US, Europe, and the Asia-Pacific Region September 26  visited the Shanghai Minhang Economic Development Zone, and spoke highly of the economic achievements made by the zone.
Huang Rong, general manager of the zone, told the '99 FGF participants that so far a total of 142 overseas enterprises from some 18 countries and regions have set up joint ventures in the Shanghai Minhang Economic Development Zone, absorbing a total of 1. 78 billion US dollars of foreign investment.
The FGF visitors were deeply impressed by the favorable investment environment in the zone, which has attracted a large number of overseas enterprises, one-third of which are multinational firms. The multinationals include the American Xerox, Johnson & Johnson, Squibb, Grace, Coca-Cola, Pepsi-Cola, UOP, Ingersoll-Rand, Sara Lee, and ITT ; the Japanese Mitsubishi and YKK; the Swiss Novartis and Sulzer; the British Unilever and ICI; Gambro of Sweden, Chia Tai of Thailand, Perfetti of Italy, Singer of Holland, and others.
The FGF participants were informed that the 121 enterprises operating in the zone have all reported satisfactory economic achievements, and are engaged in a variety of sectors including electronics, machine-building, medicine, chemicals, food and beverages, textiles, and building materials. (Xinhua)

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