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Hunan Attracts 8 More of World’s Top 500 Enterprises

From January to October, 2011, Hunan attracted eight of World’s best 500 enterprises, adding the number of the enterprises on the ranking list in the province to 63. Till now, no single year brought in more World Top 500 Enterprises than this year.

The newly-settled enterprises are Hon Hai Precision Industry from Taiwan, Johnson Controls, Inc and City Group from America, Denso Corporation and Toyota Motor Corporation from Japan, Magna International from Canada, BASF and Volkswagen Automobile from German. “It reflects the enhanced influence, attraction and competitiveness of Hunan”, said relevant chief of the Department of Commerce of Hunan Province.

Industrial investment serves as the main channel of attracting foreign capitals. From January to October, 2011, the amount of contracted foreign investment and actually utilized foreign investment hit 1.467 billion USD and 906 million USD respectively, with the foreign-funded projects pooling to industrial parks at an accelerated pace. During this period, the number of newly-approved projects in development zones above provincial level reached 135, with the paid-in foreign capital coming up to 1.439 billion USD.

Source: Hunan Official Web Portal