Chengdu - The City of Hibiscus


   
Chengdu - Business Information |
GDP per Capita: |
¥ 26,527. |
Major Exports: |
Machinery, electrical
products, data processing equipment, apparel, textile, steel, mobile
phones. |
Major Foreign Exchange Counters: |
ANZ Grindlays, ICICI,
Standard Chartered & Thomas Cook. |
Key Industries: |
Mining and ore
processing, iron, steel, aluminum, and other metals, coal, chemicals
fertilizers; consumer products, including footwear, toys, and
electronics. |
Business Overview
The main industries in Chengdu - which include food, medicine, machinery
and the information technology - are supported by numerous large-scale
enterprises, such as Chengdu Sugar and Wine Co.. Ltd., Chengdu Food Group,
Sichuan Medicine Co. Ltd., Chengdu Automobile Co. Ltd. etc. Many high-tech
enterprises from outside Chengdu are also beginning to settle down there.
The National Development and Reform Commission has recently approved
establishment of a national bio-industry base in Chengdu. China's aviation
industries have begun construction of a high-tech industrial park in the
city that will feature space and aviation technology.
The local government plans to attract overseas and domestic companies for
service outsourcing and become a well-known service outsourcing base in
China and worldwide. Banking services are also on a high in Chengdu. Chengdu
is now building itself to be the financial hub for Western People's Republic
of China and has successfully attracted major international financial
institutions, including Citigroup, HSBC, Standard Chartered Bank, ABN AMRO,
BNP Paribas, etc. Chengdu is also one of the most important economic centers
and transportation and communication hubs in Southwestern China. According
to the 2007 Public Appraisal for Best Chinese Cities for Investment, Chengdu
was chosen as one of the top ten cities to invest in, out of a total of 280
urban centers.