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Wanting to free up resources, take advantage of overseas markets, or minimize operating costs,many developing industrial nations, such as India and China, are providing American companies in establishing more cost-effective development opportunities than those in the United States.

Who wants to free up resources -> it is the american companies.
So American companies should come immediately after the modifier.
This leaves with C ,D and E

developing industrial nations, such as India and China.
Only E uses it correctly. Thus E
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