Hefei mounts quest for a high-end industrial future

The Anhui capital of Hefei may be 500 kilometres inland from the country's financial heart of Shanghai but the provincial city has ambitions to become a player in the business world.

Over the past year, it has defied the national decline in foreign direct investment, and already attracted multinationals such as Unilever, Coca-Cola and Hitachi Construction Machinery to set up shop, thanks to lower wage and land costs, according to city mayor Zhang Qingjun.

via Business feed http://www.scmp.com/business/china-business/article/1197538/hefei-mounts-quest-high-end-industrial-future