Business Services Industry
CHINA: 3 FORTUNE 500 FIRMS ENTERING ZHENJIANG SIMULTANEOUSLY.
IPR Strategic Business Information Database, August, 2005
According to fdi.gov.cn: The three US Fortune 500 firms of Wal-Mart, Morgan Stanley and Simon Property will simultaneously make their way to Zhenjiang. The 49-Mu and 30-million-USD Wal-Mart shopping plaza project has been formally signed. It will be constructed in October on over a total construction area of 40,000 square meters and be ready for use by 2007.
These three multinationals are expected to bring about the largest supermarket in Zhenjiang and even along the Shanghai-Ningbo highway.
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