Pudong, a district in east China’s Shanghai, saw regional headquarters projects with intention of 18 multinational companies inked on Wednesday at a conference of boosting high-quality development of the headquarters economy in the area.

This past year, thanks to the Silk Road Economic Belt in the aviator free industry area, VOLVO Construction Gear (China) Co., Ltd. concluded the first deal of domestic overseas industry settlement, marketing the initial trial of overseas trade in Pudong. In Jan of the year, VOLVO Construction Equipment’s Asian headquarters relocated from Singapore to Shanghai.

“The main reason for this particular change is the fact Asia profiles for more than fifty percent of VOLVO Construction Equipment’s marketplace share, and China is the most important marketplace in Asia,” stated Guo Tengze, VOLVO Construction Equipment’s worldwide senior vice president.

He additional the Oriental head office recognized in Pudong not just serves chinese people and Asian markets, but will also become one in the company’s 3 global head office.

China’s massive domestic demand market is a crucial element in attracting regional head office of international companies.

Karl Storz, a prominent endoscope producer on the planet, stated that because it came into the Pudong New Area, from 2009 to 2019, its sales income improved by more than 12 occasions. In order to fulfill the expanding demand of the China’s Silk Road Economic Belt, its German head office chose to spend nearly 265 thousand yuan (about 37.59 million U.S. bucks) to develop the China headquarters which is the company’s biggest overseas investment task.

Pudong also revealed a variety of measures at the conference to make a good environment for the development in the regional headquarters of international businesses.

It will secure the international businesses to establish their Asia-Pacific head office and worldwide headquarters right here, provide green channels for talents, and encourage the Silk Road Economic Belt Countries to expand new designs this kind of melasu digital trade and go across-border e-commerce.

Data show that so far, the complete number of regional headquarters of international businesses in Pudong has reached 340, accounting for almost one half of these businesses in Shanghai. Within the first quarter of the year, Pudong noticed the international capital in actual use remain at 2.155 billion U.S. bucks, an increase of 36.6 % calendar year-on-year.

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