CORRECTION: Our editorial staff regrets that this story may appear misleading. The release this was taken from states “regional” headquarters not “international” headquarters.
The fact remains that all major multinationals are investing heavily in China and Asia, and progressively less in the U.S. – which preserves the underlying premise of the article. Our thanks to a reader for catching our hasty mistake.
The original article.remains below.
Our apologies for any confusion.
The boat is leaving for China. Disney, Kraft Foods, and four more Fortune 500 companies are on board to move their Headquarters to Shanghai.
The mass exodus of American companies which will surely take thousands of jobs with them, is now commencing with mind-twisting irony. Apparently, America is no longer capitalistic enough to invest in, even for U.S-based companies.
The globalists love to quote free-market capitalistic principles, except when it comes to small things like competition and having your headquarters in a Communist quasi-enemy nation. A CNTV press release and accompanying video gloated:
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.
Presumably, for a truly global economy to transpire, all nations must play on a level playing field. Which would stand to reason that the same standard of living will eventually equalize around the globe. In other words, the U.S. way of life would have to be dramatically reduced to be on the same plane as China’s, India’s, or Central America’s under the globalist agenda.
Granted, the level of India and China is being raised slightly from dirt floors to cell phones and televisions in a single generation. So, no matter how bad things may get in the coming Greatest Depression by design, we can always hope to still have finished flooring and a telescreen, right? Stay Tuned!