Shanghai's largest abroad companies

chiny24.com 1 year ago

Shanghai's largest abroad companies

Shanghai's pennipal authorities presented the latest list of 100 abroad companies operating in this metropolis, which in 2022 achieved the best results in 4 categories (income, abroad trade, number of jobs created, contributions to the city's pocket in the form of taxes).

Among these hundreds of first places were:

- The largest gross – Apple Computer Trading (Shanghai) Co., Ltd. (chin. 苹果电脑贸易(上海)有限公司), United States
- the largest abroad trade value – Daktronics (Shanghai) Computer Co., Ltd. (chin. 达功(上海)电脑有限公司), United States;
- the largest taxation payer for the city budget – Porsche (China) Automobile Sales Co., Ltd. (chin. 保时捷(中国)汽车销售有限公司), Germany;
- most fresh jobs created – Chance Technology (Shanghai) Co., Ltd. (chin. 昌硕科技(上海)有限公司), South Korea;

The first 3 occupied the same seats in last year's ranking (for 2021).

In total, 255 abroad companies from all over 60,000 specified entities registered in Shanghai were ranked on this year's list. The most abroad companies in this metropolis are the United States, Japan and Germany.

Shanghai is 1 of the most attractive places in the planet for abroad investment, in China itself is the place with the largest concentration of regional office of global corporations.

From January to June this year, abroad investments in Shanghai amounted to RMB 20.56 billion (about PLN12.258 billion), an increase of 8.4% y/y. During this period of time 51 fresh regional office of global corporations and 19 R & D centres of abroad companies were established in the city.

In the mediate of this year Shanghai was the seat of 822 regional centres of global corporations and 525 abroad R & D centres.

Source:

bailu.com
jfdaily.com
nr.cn

About China from a German Perspective

Kang Linsong, president of the Mercedes-Benz Group in an interview with Bild am Sonntag said:

“Cutting economical ties with China is unrealistic, it is unimaginable for most German industry.”

“The main players of the planet economy, Europe, the US and China, are so closely connected that separation (Europe and the US) from China makes no sense, it is an illusion.”

What are the realities of the Mercedes-Benz Group?

Beijing Automotive Group Co., Ltd. (chin. 北京汽车集团有限公司) and Zhejiang Geely Holding Group Co., Ltd. (chin. 浙江吉利控股集团有限公司) are 2 major shareholders of Mercedes-Benz.

In 2022 18% of gross and 37% of sales volume of cars produced by the company came from the Chinese market. German car manufacturers are almost entirely dependent on the Chinese car market, the largest in the world. Not only as car sales sites, but besides as production sites.