The New District, on the other hand, cannot rely upon political powers to help persuade multinationals to set up shop, and it has fewer tax advantages.
The Chinese government wants more foreign multinationals to set up their regional corporate headquarters in its shining 21st Century super city Shanghai this year.
But such incentives are a normal tool of economic policy, especially in developing countries witness the special economic zones of China, or the incentives available to multinationals that set up regional headquarters in Singapore.
Mr Osborne's corporate tax policy is however vulnerable to a more fundamental criticism, that it doesn't face up to the fiscal reality of a global economy dominated by multinationals, which is that trying to force them to pay tax in a particular country is like endeavouring to squeeze a giant blancmange into a small box: the more you try, the bigger the leaks.
Upon further inspection, however, the notion that economies of scale force companies to become multinationals does not hold up.
The troubles of Nike, a firm making sports goods that fell foul of the activists in 1997, speeded up this transformation, as other multinationals scrambled to avoid similar boycotts.
According to her, she noticed that the quality of the services many of the existing companies provided was not up to the standards of the big corporations and multinationals operating in Zimbabwe.
Nonetheless, setting up state-run companies to compete with the more flexible multinationals was a loser, he said.
Forty-eight regional headquarters of big multinationals were set up in Shanghai in 2011, bringing the total to 353.
Other multinationals have come here to capitalise on the cheap labour and rental costs, setting up offices.
And there is increasing indirect American investment in the island: many of the multinationals from Europe and Canada that have set up operations in Cuba since Mr Castro's opening to foreign investment a decade ago count American institutions among their shareholders.
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