Agreements on a batch of 152 major industrial projects were signed between Shanghai’s district administration committees and enterprise representatives at the Shanghai Exhibition Center on March 31.
Shanghai Party Secretary Li Qiang and acting mayor Gong Zheng attended the signing ceremony. During the ceremony, Gong inaugurated the Shanghai Foreign Investment Promotion Platform.
Five enterprises in Waigaoqiao Free Trade Zone were among those signing the agreements.
The projects include the Waigaoqiao outlet of Sam’s Club, a high-end membership store of retailing giant Walmart, with a total investment of 380 million yuan (US$53.85 billion).
Kyocera Group, a Japanese ceramics and electronics manufacturer, plans to set up a management company and a regional headquarters in Waigaoqiao which will be responsible for financial operation and capital management.
Mitsubishi Materials Corporation will establish its regional headquarters in Waigaoqiao to expand businesses in investment management, consultation, technical R&D and other supporting services.
CT scanner manufacturer Arineta Cardio Imaging and global material management leader Entergris said they were optimistic about China’s development and plans to expand investment in the Shanghai Free Trade Zone.
