Sichuan Economy and Trade Trends Monthly, September 2015 Published by CCPIT Sichuan Council Table of Contents -Sichuan Attempting to Break Through the Double RMB 100 Bln Macro Targets Economy -In Last Eight Months, the Above-Scale Industrial Added Value of Sichuan is 7.9% Higher than Last Year -Opening Ceremony of Cezch Consulate General in Chengdu Kicked Off on September 8 th -The First International One-Stop Flight Opened on September 4 th to Connect Chengdu and Dubai Foreign -In the Last Eight Months Another 13 Global Top 500 Enterprises Set Trade Offices in Sichuan -Signing Ceremony of Sichuan-America Enterprise Cooperation Project Held in San Francisco of California, America -Bonded Imports Exhibition Center Will be Built in Chengdu Key -Government of Jinniu District Signed Northern Chengdu Projects Reconstruction Agreement with an Investment of About RMB 31.5 Bln -The Sichuan Provincial Additive Manufacturing Industrial Industries Development Alliance Officially Set Up -Chengdu International Copyright Trading Center Inaugurated Convention -2015 Sichuan International Cultural Tourism Festival was Kicked off in & Yibin Exhibition -Chengdu Will be the Next Host City for the General Meeting of the Economy UNWTO -The China Luzhou Southwest Commodity Fair Took Place in Luzhou -The 12 th Chengdu Food Festival Held During National Day -The 3 rd China (Mianyang) Science & Technology International High-Tech Expo Convened to Great Success -Vice President Li Li Met Newly-Appointed Chief Representative of the Chengdu Representative Office of the JETRO Gangtian Yingzhi and his Delegation -CCPIT Sichuan Council Signed Memorandum of Cooperation with Messe Frankfurt (Shanghai) -Sichuan Automobile Accessories Received Lots of Attention in Eastern CCPIT Russian Market Sichuan - President Li Gang in Attendance at 10th China-Northeast Asia Council Expo -President Li Gang Met With Chairman Du Zhiqiang of Singaporean Tianfu Association -Vice President Lv Furong Attended China (Guangdong) International Internet+ Exposition -China Council for Promotion of International Trade Sichuan Council Organized Companies to Do Business in Turkey, Israel and Italy Macro Economy Sichuan Attempting to Break Through the Double RMB 100 Bln Targets Last year, Sichuan Province achieved a total income through tourism contracting of RMB 88 billion with a year-on-year growth of 94.6%. Tourism+Capital became an outstanding feature of the current Sichuan tourism industry and Investing Sichuan, Investing Tourism and Investing Future has become prevalent knowledge. The total incomes through both tourism contracting and tourism investment of Sichuan are expected to exceed RMB 100 billion this year. Sichuan Province is attempting to break through the double RMB 100 billion in both contracts and investments in tourism. As the government of Sichuan Province has kept a close eye on promotions regarding investing in tourism industry in the last year, the income through tourism contracting had exceeded RMB 100 billion and RMB 87.9 billion had been attributed to the construction of the 100 key tourism projects. (Sichuan Daily, reported on September 11 th by Liu Xing) In Last Eight Months, the Above-Scale Industrial Added Value of Sichuan is 7.9% Higher than Last Year In last eight months, the above-scale industrial added value of Sichuan Province is 7.9% higher than last year, 0.2% lower than the first half year and 1.6% higher than the national average. Investments and consumption are still seeing rapid growth. In terms of industrial economic operations, both accumulated and monthly growth rates of above-scale industrial added value of our province dropped. The data show that in August, the above-scale industrial added value of Sichuan is 6.9% which is higher than last years and the growth rate is 0.7% lower than July. Among the 41 industries, the industrial added values of 33 industries have increased. In terms of investment in fixed assets, Sichuan Province has achieved a total investment in fixed assets of RMB 1.72261 trillion in the last eight months with a year-on-year growth of 11.0%. Wherein, the investment in fixed assets is 11.9% higher. From the view of industry, RMB 54.02 billion has been invested in the primary industry with a year-on-year growth of 30.8%, RMB 488.32 billion has been invested in the secondary industry with a year-on-year growth of 3.2% and RMB 1.18027 trillion has been invested in the tertiary industry with a year-on-year growth of 13.7%. In terms of consumption, the total retail sales of consumer goods of Sichuan Province have reached RMB 881.5 billion with a year-on-year growth of 11.9% and growth rate is 1.4% higher than the national average. Wherein, the retail sales of rural consumer goods have been up to RMB 170.5 billion with a year-on-year growth of 13.3% and its growth rate is 1.7% higher than the consumer goods in urban retailers. (China Daily, reported on September 24 th by Dong Shimei and Wu Jing) Foreign Trade Opening Ceremony of Cezch Consulate General in Chengdu Kicked Off on September 8 th Opening ceremony of Cezch Consulate General in Chengdu was kicked off on September 8 th . The Administrative Vice Minister of the Ministry of Foreign Affairs of Cezch Republic-Lucas Kautsky and his accompanies, the Governor of the Cezch State-Milos Petra and his delegation attended the ceremony. Cezch is an important portal for the implementation of Sichuan’s open strategy. In recent years, frequent high-level visits of both countries have seen great returns from cooperation in both economic and trade projects. Sichuan signed friendly cooperation agreement with Cezch Sate in May, 2005. Both countries have maintained good relations in recent years and achieved fruitful results in the fields of high-level visit, economy and trade, tourism, information industry, cultural communication, etc. Under the leadership of Governor Petra, a large delegation of approximately 60 peoples visited Sichuan with intention of signing a friendly agreement with our province. During the trip, the Sichuan-Cezch Economic and Trade Symposium, Cezch State Tourism Promotion Meeting, Cezch Cultural Relics and Arts Exhibition, Cezch Gourmet Festival and other activities were carried out. (Sichuan Daily, reported on September 2 nd by Liu Miaomiao) The First International One-Stop Flight Opened on September 4 th to Connect Chengdu and Dubai The first international one-stop flight was opened on September 4 th to connect Chengdu and Dubai. The flight will depart from Chengdu, stop by Yinchuan and finally arrive at Dubai with a total travel time of twelve hours. An Airbus A-330 wide-body jet is the carriage of choice to soar between the two cities every Tuesday and Friday. Outbound flights will depart from Chengdu at 9:40 and arrive in Dubai at 18:00 local time, and inbound flights will depart from Dubai at 20:05 local time and arrive in Chengdu at 12:00 the following day with a total flight time of ten hours and a two-hour pit stop in Yinchuan Previously, there were two flights from Chengdu to Dubai where passengers had to transfer in either Abu Dhabi or Doha. The Chengdu-Yinchuan-Dubai flight is the third regular international flight from Chengdu to the Middle East. (Sichuan Daily, reported on September 3rd by Wang Meiling) In the Last Eight Months Another 13 Global Top 500 Enterprises Set Offices in Sichuan An additional 13 Global Top 500 enterprises have set up offices in Sichuan within the last 8 months. Sichuan, at this moment, has been attractive enough that altogether 296 Global Top 500 enterprises have established branch offices here which make Chengdu the top ranking area in the middle and western regions of China for Global Top 500 branch offices. Among the new comers, six total Global Top 500 companies are from outside the country, with three from America and one each from Australia, France and England, bringing the total of foreign Global Top 500 enterprises in China to 216. Among all foreign Global Top 500 enterprises in China, 188 enterprises have invested in the area, which accounts for 87% of total investments. 86 foreign Global Top 500 enterprises that have made direct investments have also established 188 direct investment companies in Sichuan with an accumulated investment total of USD 15.1 billion and contractual investments equaling USD 5.1 billion. Broken down, USD 9 billion has been spent on the construction of 100 manufacturing enterprises, USD 4.67 billion for 69 service enterprises and the remaining amount was divided among 17 infrastructure related enterprises and 2 mining enterprises. (Sichuan Daily, reported on September 10 th by Zeng Xiaoqing) Signing Ceremony of Sichuan-America Enterprise Cooperation Project Held in San Francisco of California, America On the afternoon of September 23 rd , the signing ceremony for the Cooperative Project for Sichuan-American Enterprises was held in San Francisco, California, America. The Secretary of the Sichuan Provincial Party Committee Wang Dongming attended the event and witnessed the signing of a series of investment projects and strategic cooperation framework agreements (memo). During the ceremony, contracts for 8 investment projects in the fields of genetic engineering, medical apparatus R&D and manufacturing, photoelectric optical fibers, logistics, e-business, new energy and new material, foods and catering had been signed with a total investment equaling about USD 590 million Bonded Imports Exhibition Center Will be Built in Chengdu The Chengdu Cross-Border E-Commerce Industrial Park, located in the vicinity of a railway hub, signed a strategic cooperative agreement with Green Group on September 24 th . In the following two or three years, both parties will create industrial complexes like a bonded imports exhibition center and cross-border e-commerce industrial park. This is the first agreement between Green Group and the Chengdu Cross-Border E-Commerce Industrial Park.