24 multinational companies, have decided to move their regional headquarters to Shanghai, including 6 Fortune 500 companies such as Vale, Walt Disney and Kraft Foods.
This will push the total number of companies with regional headquarters in Shanghai to nearly 300. Nearly 500 have regional research and development centers there.
Shanghai has been China's top destination, for multinationals. Even during the world economic slump, the city's foreign direct investment still increased. Data shows Shanghai's foreign direct investment has already surpassed more than 5 billion US dollars in the first half of this year.
Video Here...Obama said recently he wanted to help the economy by increasing exports ('course, every other country in the world is trying to do the same thing - we even discussed it here a couple months ago). So who, exactly, is making things to sell, outside of airplanes and guns (military weapons) that is a major player left here?