SHANGHAI, Nov. 5, 2022 /PRNewswire/ — A report from chinadaily.com.cn:
Shanghai retains status as an ideal business destination for the long run.
Global investors continue to see Shanghaia city known for innovation, diversity, inclusiveness and modernity, as an ideal business destination for the long run and are keen to expand investment in the city because of its bright future.
DuPont, a science and technology company based in the United Stateswhich has its largest research and development site outside the US in Shanghaisaid it would continue to invest in R&D and open innovation facilities and capabilities, further enhancing its engagement in the innovation ecosystem of the city.
Yi Zhangregional president of DuPont Asia Pacific, who attends the 2022 Shanghai City Promotion Convention, said the city is not only open and inclusive, but also a fertile ground for innovation.
Over the years, DuPont has made great strides in Shanghaibenefiting from the city’s quality and ever-improving business environment.
“DuPont strives to become a global innovation leader and a premier multi-industrial company and has always seen China as a very important market. Shanghai is home to DuPont China’s headquarters,” he said. “We believe that investing in Shanghai is investing in the future.”
Global professional service provider Deloitte, which partnered with the Shanghai government to publish the Shanghai Foreign Investment Guidance and White Paper for Foreign Investment Environment, also has a positive attitude toward Shanghai’s future because of the city’s strong spirit of innovation.
Lu Yingmanaging partner of Deloitte Eastern Region, said Shanghai and Deloitte, which has been in the city for more than 100 years, are witnesses of each others’ development and innovation.
“Deloitte witnessed many innovation breakthroughs in Shanghaifor instance, the launch of the Shanghai Stock Exchange’s sci-tech innovation board, or the STAR Market, the establishment of the Lingang Special Area, the construction of the Hongqiao International Opening-up Hub and efforts made by the Pudong New Area in developing into a leading force for China’s socialist modernization.
“The city also witnessed Deloitte, as part of the city, promote product and service innovation and be a companion for our clients for bigger goals,” said Lu.
Lu also noted that innovation is just one of many reasons for her to recommend Shanghai as an ideal business destination.
“Shanghai has the most complete industrial chains and the least limitations on market access. It boasts strong fundamental industries but also mapped into new frontiers like the metaverse. Its well-established infrastructure, strong supportive policies and professional industrial parks, inclusive and supportive business environment and premium living environment are all key factors needed by businesses,” Lu said.
“For me, Shanghai is one of the few cities in the world which could satisfy needs and serve the imagination of global investors to the greatest extent possible.”
Deloitte has expanded operation to 30 cities in China to serve the demand for auditing, taxation and advisory services.
It also tapped into emerging industries including digitalization, sustainable development and green, low-carbon development.
A prosperous city
Shanghaiat the forefront of China’s reform and opening-up in the new era, has been committed to enhancing its business environment and service standards to support global investors.
Over the last 10…