Henan province attracts investment from global retail giants

2009-05-26 Zhengzhou

With Wal-Mart opening its first store in Zhengzhou, the capital of Henan province, on May 16, the world's three retail giants Wal-Mart, Carrefour and Metro now all have operations in Henan. The economy of the province has developed rapidly during the past two years, while several factors attracting foreign investment have emerged, including the availability of well placed commercial space, appreciation potential in the value of real estate, lower operating costs and a package of favorable policies introduced by the local government. In view of these opportunities, many international enterprises have expressed interest in expanding their presence there.