Shanghai mayor vows to attract more foreign firms like Tesla, Boston Scientific ...Middle East

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Admitting economic turbulence ahead, Shanghai Mayor Gong Zheng exuded confidence after the city beat its growth target for the year, amid stepped-up efforts to draw foreign investment. The mayor said more landmark deals similar to Tesla’s Megapack energy-storage plant and Boston Scientific’s biotech factory are in the pipeline, which will bolster the local economy and burnish Shanghai’s image as an investment magnet. “Global investors are constantly increasing investment, delivering votes of confidence to Shanghai,” he said at a media briefing on Sunday, after the close of the annual International Business Leaders’ Advisory Council meeting. “Shanghai remains one of the top choices

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Last updated : 15 October 2023 clock 05:04 PM

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Shanghai mayor vows to attract more foreign firms like Tesla, Boston Scientific ...Middle East

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