More foreign investment
Chengdu produces 1,200,000 iPads monthly, and is looking at developing its tertiary sectors, reported the Sichuan News Network and Chengdu Economic Daily from the recent 40th Foreign Investors' Conference.
The 12 Fortune 500 multinational companies attracted to the city in 2010 include Dell, Lenovo, Foxconn and Cisco, as well as Taiwanese technology giants such as Compal and Wistron, and the Australia and New Zealand Banking Group.
Some 374 major project assignments were signed in 2010, constituting a 64 percent increase in that aspect, revealed the committee for foreign investment during the conference held at the Century City's New International Convention Centre..
Growing the service industry
Chengdu's Bureau of Commerce aims for the services sector to grow by 13.5 percent in 2011, exceeding 20 US billion. It hopes to attain 18 percent increase in the total retail of consumer goods and 44 percent growth in exports.
It is also planning to introduce more international brands through product launches involving fashion events, as part of the efforts to shape Chengdu into the shopping paradise of western China.
The bureau wishes to attract five high-end department store operators and more than ten international brands. Besides, it looks forward to working closely with the UNESCO Creative Cities Network to promote the establishment of a "Creative City Food Alliance" in Chengdu.
To address the lack of managerial talent in the services sector, the bureau is scouting for such personnel in Shanghai and Beijing, offering a one-time bonus, personal tax rebates, accommodation and child's education subsidies.
High-Tech Zone developments
The bureau also plans to assist five Chengdu companies to grow into national brands, two of which will hopefully rise to lead the country's e-commerce scene and be groomed for the international arena.
At the High-Tech Zone, 803 Foxconn projects are in place, with 400,000 iPads produced daily, as confirmed by the head of the Zone's Development and Planning Bureau, Tang Jiqiang.
The production bases of Dell and Lenovo in western China are also successfully constructed in the Zone, which is currently divided into the high-tech Incubation Park, Tianfu Software Park, Life Science Park and other industrial hubs. The Feng Jia Wan's biopharmaceutical hub will see further developments this year.
Coming right after Chongqing, Chengdu is ranked second among West China's Economic Development Zones. The city saw the full-scale development of its automobile industry in 2010.