In 2010, Forbes, one of the most authoritative magazine in US, released the list of the top 10 cities that develop
fastest in the next 10years, and Chengdu ranked the frist. Since 1999, drawing the support of "Western
development Policy", Chengdu has made earthshaking changes. Till now, Chengdu has become the center of
economy, finance, transportation and education of western China.
Chengdu Hi-Tech Industrial Development Zone
Established in 1988, Chengdu Hi-tech Industrial Development Zone was approved as one of the first national
hi-tech development zones in 1991. In 2000, it was open to APEC and has been recognised as a national
advanced hi-tech development zone in successive assessment activities held by China's Ministry of Science
and Technology. It ranks 5th among the 53 national hi-tech development zones in China in terms of
comprehensive strength. Chengdu Hi-tech Development Zone covers an area of 82.5 km2, consisting of the
South Park and the West Park. By relying on the city sub-center, which is under construction, the South Park
is focusing on creating a modernised industrial park of science and technology with scientific and technological
innovation, incubation R&D, modern service industry and Headquarters economy playing leading roles. Priority
has been given to the development of software industry. Located on both sides of the "Chengdu-Dujiangyan
Jiuzhaigou"golden tourism channel, the West Park aims at building a comprehensive industrial park targeting
at industrial clustering with complete supportive functions. The West Park gives priority to three major industries
i.e. electronic information, biomedicine and precision machinery.
Excellent investment environment
Chengdu is becoming one of the favorite cities for investment in western China.Among the world's 500 largest
companies, 133 multinational enterprises have had subsidiaries or branch offices in Chengdu by October 2009.
These MNEs include Intel, Cisco, Sony and Toyota that have assembly and manufacturing bases, as well as
Motorola, Ericsson, and Microsoft that have R&D centers in Chengdu, The National Development and Reform
Commission has formally approved Chengdu's proposed establishment of a national bio-industry base there.
The government of Chengdu has recently unveiled a plan to create a ￥90 billion bio pharmaceutical sector by
2012. 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