Japan's Orix, spurred by Davos, sites HQ in Dalian

The China headquarters of Japan's Orix Corporation is not in Beijing or Shanghai but in Dalian, a coastal city in China's northeastern Liaoning province.

"It was the Summer Davos that promoted the cooperation," said Lawrence Lin, managing director of Orix (China) Investment Co Ltd.

On the basis of effective communications among decision makers, Orix Corp, which boasts more than 2,000 outlets in 36 countries and regions around the world, set up its China branch in the province in December 2009.