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Economic Headlines from Western China Economic headlines from Western China Economic investments and development in Sichuan: Intel will invest $1600 million to upgrade Chengdu factory over next 15 years Chengdu economic daily According to Chengdu High-tech Zone, Intel announced that in the coming 15 years they will invest $1600 million to upgrade the wafer pretreatment, packaging and testing business in Intel Chengdu Factory. Intel will also import its latest high-end testing technology （Advanced Test Technology into China. This is the biggest investment from Intel since it first settled in Chengdu in 2003. It is understood that this “Horse” project is an important measure of Intel and major enterprise deployments, designed to enhance Intel’s business strategy across all computing and communications market segments, especially in the mobile space, including tablets, smart mobile phones, networking and wearable devices and other market segments. Link: http://e.chengdu.cn/html/2014-12/04/content_500101.htm 262 of fortune global 500 settled in Chengdu Chengdu Economic Daily 24 of the Fortune Global 500, such as Intel, Shell and Foxcnn increased their capital this year in Sichuan. Another two foreign financial organizations coming into Chengdu: the Hang Seng Bank Chengdu Branch and ANZ Bank Chengdu Branch because of a promising future in this area. The statistic is released from the commerce department of Sichuan Provincial Government. As of 2011, a total of 207 world top 500 enterprises settled in Chengdu rose to 262 in 2014, an average annual increase of about 18 per year. Link: http://epaper.scdaily.cn/shtml/scrb/20141218/87234.shtml Link: http://e.chengdu.cn/html/2014-11/10/content_496645.htm CDHT Ranks No.4 among Its Counterparts for 4 Straight Years www.gochengdu.cn The Ministry of Science and Technology published the latest rankings of national hi-tech zones in terms of their comprehensive strength. The Chengdu Hi-Tech Industrial Development Zone (CDHT) was ranked No.4 nationwide and first in western China. Chengdu’s Rankings Based on 4 Primary Indicators: Ranked 3rd nationwide in terms of capacity of knowledge creation and technological innovation Ranked 3rd nationwide in terms of capacity of upgrading and optimization of industrial structure Ranked 6th nationwide in terms of international level and capacity of global competitiveness Ranked 9th nationwide in terms of capacity of Sustainable development The rankings were made by the Torch High Tech Industrial Development Center, Ministry of Science and Technology, based upon the revised national evaluation index system for state-level hi-tech industrial development zones. The Center’s overall rankings and those of 4 primary indexes show that according to its 2012 statistics on the country’s 105 national hi-tech zones and statistical data from the Suzhou Industrial Park, CDHT became No.4 in terms of comprehensive strength. The Torch High Tech Industrial Development Center indicates in its report that CDHT has taken the leading position in China in the aspects of structure of personnel, construction of platforms for innovation and starting business, output efficiency of innovations, technology transfer and cooperation, development of hi-tech service industries, business profitability, level of being international, output of international intellectual property right, energy saving and consumption reducing, innovation of systems and mechanisms, as well as environmental improvement of industrial parks. Among the top 5 on the rankings, CDHT is the one and only from western China. http://www.gochengdu.cn/news/whats-news/cdht-ranks-no-4-among-its-counterparts-for-4- straight-years-a1108.html#sthash.oeEghGCU.dpuf IBM Accelerates its Big Data Strategy in Chengdu Chengdu daily Global soft and hardware tycoon IBM settles its eye on Chengdu. At the IBM technology summit in Chengdu, General Manager of China West district of IBM Software Group said west China especially will welcome the next leap development in the age of rapid development of new technology in cloud computing, big data, social networking and mobile. IBM will accelerate its layout of big data strategy in Chengdu, with hope to strengthen the cooperation with more Chengdu enterprises, and jointly train talents from Universities Link: http://www.cdrb.com.cn/html/2014-12/05/content_2156372.htm First Sino-German SMEs Cooperation Park in Western China to Open The launching ceremony for the Sino-German Pujiang Small and Medium-sized Enterprises (SMEs) Cooperation Park was held in southwest Chengdu’s Pujiang County. It was the first of its kind in western China and the second one in the country after that in Jiangsu Province’s Taicang City. The Park is aimed to become eco-industrial with an international standard to develop precision machinery and bio-medicine industry through introducing advanced technologies and professional management experience from Germany, according to the agreement between Pujiang and Germany. Among the total planning area of 7 square kilometers, about 1.17 square kilometers is for more than 100 German-funded enterprises to be introduced by 2020, which are expected to generate an annual output value amounting to RMB10 billion (approx. US $1.61 billion) and a yearly tax revenue totaling RMB 1 billion (approx. US $161 million). In addition, a Sino-German vocational education training base is under construction inside the park, and the German Dual System of vocational training will be used to improve the mutual cooperation in the areas of management, technological innovation and business culture. http://www.gochengdu.cn/news/whats-news/first-sino-german-smes-cooperation-park-in- western-china-to-open-a932.html#sthash.kJoBQCbu.dpuf Chengdu - the Sino-Euro Regional Economic Cooperation Demonstration City Chengdu Daily Sino- euro regional policy dialogue was held for the first time in the western city of Chengdu. The representative from the European Union Ronald Holzer who will take part in the Ninth Sino- EU regional policy dialogue visited Chengdu. It is understood that the Sino-EU regional policy dialogue will be the first time to be held in a city in western China, and will be officially opened today. There were around 200 people taking part in the dialogue. The delegation from the European Union was made up of the chief advisor of regional policy department and another 17 entrepreneurs. The two sides will conduct friendly exchanges on the subject of regional innovation, cities’ sustainable development. Chengdu GDP Will Reach Trillion Yuan In 2014 Chengdu is the first sub-provincial city to introduce the steady growth of 22 policies, to promote the economy to operate healthily in a reasonable range. It is expected in this year that the city's GDP will exceed by 1 trillion yuan. LINK: http://e.chengdu.cn/html/2014-12/19/content_502524.htm Tianfu New Area Customs Authorized for Establishment Chengdu Economic Daily Tianfu New Area Customs, under the jurisdiction of Chengdu customs was formally approved for establishment. The setup of the Tianfu New Area customs, where the Chengdu Science city will be built, will more effectively meet the needs of the vast number of foreign enterprises in the region, promoting regional import and export service efficiency, providing strong support for “building another industrial Chengdu, and building the internationalized modern new area”. Meanwhile the first pilot site of Jingdong opened in Renshou County, Tianfu New Area. Jingdong will explore the model of sending industrial products to the countryside and helping the farmers to send their agriculture products to the country. http://www.wccdaily.com.cn/shtml/hxdsb/20150108/267041.shtml http://e.chengdu.cn/html/2014-11/04/content_495827.htm Chengdu Science and Technology Bureau and Sichuan University Cooperate on Establishing Innovation Center of biological treatment Chengdu Economic Daily Chengdu Science and Technology Bureau and Sichuan University signed the agreement on establishing collaborative innovation center of biological treatment. In this year Chengdu Science and Technology Bureau will provide the fund of 2,000,000 yuan for the project. Sichuan Provincial Government and China Electronics Technology Group Corporation Signed a Strategic Cooperation Framework Agreement Chengdu Economic Daily Sichuan Provincial Government and China Electronics Technology Group Corporation signed a strategic cooperation framework agreement in Chengdu in order To further deepen the strategic relations of cooperation, to jointly promote the Sichuan information security industry and leaping development of aviation electronics industry. Party Secretary of Sichuan Provincial Government Wang Dongming attended the ceremony. http://e.chengdu.cn/html/2014-12/17/content_502132.htm The First National-Level Science and Technology Business Incubator Recognized in Guanghan, Deyang Sichuan Daily the Guanghan high-tech Zone declared that the Ministry of science and technology recently recognized the Innovation Service Center of Guanghan high tech Zone as the national-level science and technology business incubator, which is the first national-level business incubator recognized in Deyang area, and also the first national-level science and technology business incubator recognized in a Sichuan county. http://epaper.scdaily.cn/shtml/scrb/20141215/87022.shtml Alibaba to Establish Entrepreneurial Base in Chengdu www.gochengdu.cn China's e-commerce giant Alibaba Group Holding Ltd. announced that it is scheduled to build an entrepreneurial base named Baichuan in Chengdu to support
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