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CHINA: FORTUNE FIRMS MAKING NEW PROGRESS IN THEIR INVESTMENT.
IPR Strategic Business Information Database, October, 2005
According to fdi.gov.cn: Between January and September this year, 18 Fortune 500 investment companies were newly set up in Zhejiang province. Their parent companies include Mitsubishi Chemical, Robert Bosch GmbH, Itochu, Daimler Chrysler, Ericsson, Shell, Sumitomo, Maersk, Mitsubishi Corp, Coca-Cola, Asahi Kasei Corporation, Metro, SK Group and so forth.
Among them, Mitsubishi Chemical (Japan), Ericsson (Sweden), and Maersk (Denmark) are newly attracted Fortune 500 firms. These 18 foreign invested firms register a total investment of 624 million USD and a contractual FDI of 202 million USD. They cover such industries as chemical, electronics, food, beverages, logistics, textile and metal.
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