Chengdu Investment News: November 18

Sunday, November 18, 2007 3:03
Posted in category Uncategorized

Chengdu became China’s happiest city
The first public appraisal of China’s Happiest Cities co-sponsored by Xinhua News Agency’s Oriental Outlook magazine, the China Association of Mayors’ Chinese City Development Report working committee, the China Social Economy Institute and China Population Welfare Foundation, published its result on November 6. Ten cities including Chengdu were picked from 269 candidate cities as China’s happiest cities.

Fortune Global 500 Company Accenture to settle in Chengdu next year
It was learned on October 31 from High-tech Zone’s investment service bureau that Accenture, a Fortune Global 500 Company and famous multinational management and information technology consulting company, is to formally settle down in Chengdu next year. It is revealed that the project will start recently and plans to settle in Tianfu Software Park early next year, which signifies that Chengdu become Accenture’s fifth operation center in Mainland China after that in Beijing, Shanghai, Guangzhou and Dalian.

Agilent added RMB 70 million in Chengdu to build technological center
Agilent, a world leading measurement company, set up Chengdu Instruments Division two years ago. Two years later, 70% of its radio frequency products completely localized have been exported worldwide. Confident in the city’s export prospect, on November 6, it added an investment of over RMB 70 million into building a new Chengdu Agilent Technological Base. It is reported that upon its completion, the base together with Beijing Software R&D center and Shanghai Chemical Analytical Instruments Base will form Agilent’s biggiest R&D and production center for electronic measurement instruments in China.

Microsoft CEO Ballmer visited Chengdu
On November 6, Microsoft CEO Steve Ballmer arrived in Chengdu and started his short and first visit to West China. He expressed the visit to Chengdu left him deep impression and believed the cooperation between Microsoft and Chengdu will continue to be deepened.

As revealed also by Zhang Yaqin, Vice President of Microsoft and acting CEO of Microsoft China, the company has many cooperation projects in Sichuan: Chengdu is not only its headquarters in southwest China but also the location for its first Microsoft Technical Center in China, as well as the E-Government Administration Center and R&D center for “X-Box” visual games, and it also plans to cooperate with local companies to develop new products. Microsoft has great input in Sichuan in areas of strategic investment, software outsourcing and talent training, biggest among other Chinese provinces, and will further increase its investment in Sichuan.

On November 5, Microsoft and Chengda Engineering signed a cooperative agreement, and two sides will start cooperation in the fields of optimized solution for corporate IT core structure and software legalization.

World Natural Heritage Conference Held in Emei Mountain
On November 6 to 8, the 3rd World Natural Heritage Conference was held at Emei Mountain, the first such event hosted in China. More than 100 representatives from groups including the United Nations Educational, Scientific and Cultural Organization, the World Conservation Union, and world natural heritage sites from more than 30 countries and regions took part in the meeting.

Sichuan’s first-ten-months tourism revenue exceeded hundred billion RMB
It was learned on November 7 from Sichuan tourist bureau that the province’s tourist revenue in the first ten months totaled RMB 105.3 billion, exceeding the record of a hundred billion RMB for the first time.

2007 EU-Chengdu SMEs Business Matchmaking & Cooperation Incubation Event concluded successfully
On November 9, the 2007 EU-Chengdu SMEs Business Matchmaking & Cooperation Incubation event dropped its curtain successfully in Chengdu with an achievement of 128 agreements or intentional agreements concluded, over 30 European projects settled, with total investment of hundreds of million euros.

One of the event’s organizers – European Project Incubation Center, set up in High-tech zone on November 8, 2007, is the first and so far the only project incubation center of EU in China. Nearly 20 small and medium enterprises from Italy, UK, Spain, Finland, Slovenia and France have been welcomed and incubated in the center since its foundation, and there are 3 still in incubation.

To build 4th city of aviation, Chengdu to open 13 international direct air lines
On November 10, the 2007 China Chengdu Civil Aviation Summit was held in Chengdu. More than 150 guests from the General Administration of Civil Aviation, domestic and overseas airlines, airports and related industries have participated in the forum, discussing the development policy of civil aviation, as well as the topic how Chengdu go to great lengths to build China’s fourth international aviation pivot.

During the meeting, Chengdu’s related departments expressed that multiple measures will be adopted to accelerate the development of infrastructure and more local and international air lines be opened, and also first revealed the detailed plan to open international direct air lines during the “11th-Five-Year Plan” period: in next 3 to 5 years, 8 international direct passenger air lines, namely from Chengdu to Helsinki, Paris (or Franfort), Los Angeles (or San Francisco), Toronto, Vancouver, Tokyo, Manila, Deli (or Bangalore) and Dubai (or Doha), and 5 international direct cargo air lines are planned to open.

It is reported that the passenger throughput at Chengdu Shuangliu International Airport exceeded 16 million in 2006, ranking sixth in China, just behind that of Beijing’s, Shanghai’s (Pudong and Hongqiao airports), Guangzhou’s and Shenzhen’s, as well as ranking 83rd on the world level; its cargo throughput ranked 58 internationally. According to the grand plan of the General Administration of Civil Aviation, 4 aviation pivots will be developed within 10 years, namely the developed Beijing, Shanghai, Guangzhou and the developing Chengdu.

With investment of RMB 500 million in building its southwest base, Chinese underwear maker came to Chengdu
On November 11, the ceremony for the cornerstone laying of Guangdong Neyee (International) Costume Company’s southwest production base and for the foundation of Chengdu Neyee Investment Co., Ltd was held in Qingbaijiang zone. It is reported that the center integrated with R&D, design, production and sale, will have total investment of RMB 500 million, and is expected to pay taxes of more than RMB 20 million after its completion. The southwest base to be equipped with 80 modern production lines, which can make 10 million pieces of underwear per year, will not only exceed the scale of its headquarters but become one of biggest underwear production centers in China.

Chengdu: parallel approval provides substantial services
On November 11, CCTV News reported the innovative government administration process in Chengdu and Shenyang. According to the report, since the application of the parallel approval in July, that is to submit one set of material to one window, which is to handle the whole case, supported by a network platform, with which different departments can do the examination and approval synchronously, the Chengdu Government Administration Services Center has not only changed its service form from “one stop” to “one window”, but also greatly improve its working efficiency. Now, the delivery deadline promised by the center for documents requiring pre-approval is reduced from 54 work-days to 7, the application material shrunk down to 14 items from 35, forms to be filled diminished to 3 instead of 9.

Sichuan catering industry’s sales ranked forth in China
The 2007 China Catering Industry Operation Report co-edited by the China Cuisine Association and service industry and catering industry research center of Institute of Finance and Trade Economics of the Chinese Academy of Social Sciences was officially issued days ago. According to its statistics, Sichuan’s catering industry has attained sales of RMB 62.553 billion, ranking 4th in China, behind the provinces of Guangdong, Shandong and Jiangshu.

2nd China International Famous Liquor Expo held in Chengdu
The 2nd China International Famous Liquor Expo sponsored by the China Council for the Promotion of International Trade, the China Food Industrial Association and Sichuan Provincial People’s Government was held in Chengdu on November 12 to 14. Nearly a hundred of world-class liquor makers, bringing dozens of liquor brands, as well as famous beers, wines, yellow wines and fruit wines, gathered together at the event.

It is reported that in 2006 the output of Sichuan’s large-scale liquor-making companies was increased by 10.8% over the previous year, accounting for 16.45% of the nation’s total, with overall development remaining first in China.

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4 Responses to “Chengdu Investment News: November 18”

  1. China and I says:

    November 18th, 2007 at 6:25 pm

    Mahjong, Maputofu and hotpot play a vital force on the happiness of Chengdu citizens.

  2. Law Office of Todd L. Platek says:

    November 18th, 2007 at 9:26 pm

    I am so tempted to write something in respect of another reason Chengdu men tell me they are so happy there, but I will behave.

  3. Rich says:

    November 18th, 2007 at 10:52 pm


    time and time again this issue comes up, and while I know no one is willing to say it .. I will.

    The food in Chengdu is the best!

    and the electronics market is one of the best in China as well (revenue per square meter is higher than anywhere else in China)…


  4. KPH says:

    November 21st, 2007 at 11:48 pm

    I lived there, and I must say,… it is probably the best place in China. Any interesting jobs there,…. and I would go back!!! 🙂