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This paper will focus on GM's investment in Pudong as well as Chinese government's policies and strategies towards FDI in this district.
Member rating: No Rating | Words: | Submitted: Mon Jun 19 2006
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This is going to be a huge market. - Mr. John F. Smith, chairman of General Motors. By not being in China, you are perhaps missing out on the chance of a lifetime. - Mr. Martin Posth, VW director for Asia-Pacific. Who can ignore an opportunity in a market that could be the world's largest in 20 years? - Mr. Toshiaki Yasuda, Nissan's chief representative in China. Ever since China opened its doors in the early 1980s, the auto industry has been an attractive sector for foreign investment and most major auto companies went into China to look for opportunities and set up their footholds. In June 1997, the world's largest automaker, General Motors, formed a $1.52 billion, 50-50 joint venture with Shanghai Automotive Industry Corporation (SAIC) in Pudong New District, an emerging financial and trade zone set up in the early 1990s. This paper will focus on GM's investment in Pudong as well as Chinese government's...
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