Home » City specials » Chengdu
Blazing new trail in economic development
Print Edition
CHENGDU is raising the bar of industrial development by focusing on the latest technologies and high-end products.
By utilizing its past strengths, the city is pushing forward practices that will boost industry upgrades.
The local government started 2014 with a plan to increase industrial revenue to 2 trillion yuan (US$320 billion) by the end of 2017.
The plan focuses on 13 key industries: information technology, railway transport, automobile, petroleum, aviation, biomedicine, new energy, new industrial materials, environmental protection, metallurgy, food, building materials and light industry.
In order to make these sectors work with the best possible efficiency, local authorities are breaking down geographical barriers to take advantage of the city’s different regions. Every industrial zone has a specific function and each will be able to support the others.
Six pilot zones
The Chengdu High-tech Industrial Development Zone is one of six pilot zones established under the “World's First-class Park Initiatives" program sponsored by the Ministry of Science and Technology. Ratified by the State Council in 1991, it features various segments of the IT industry. It ranks fourth among China’s 88 state-level high-tech zones.
More than 31,000 enterprises are registered in the zone and 52 are Fortune 500 companies including Intel, Dell, Lenovo, Microsoft, Motorola, Siemens, Nokia, Ericsson, Corning, Sony, Sumitomo, Toyota, NEC, Carrefour, UPS, Alcatel and Ubisoft.
The Chengdu Economic and Technological Development Zone, an area of 77 square kilometers, includes carmakers, industrial equipment manufacturers and environment companies.
Tianfu New District accommodates companies in fields like information technology, new energy and new industrial materials. The area also provides support for Chengdu’s suburban industrial circles such as Shuangliu and Xinjin counties.
Chengdu’s villages also make valuable industrial sites for the city. The government selected about 15 rural spots to spare industrial land for the agriculture and handicraft industries.
The local government designed the overall plan for its future industrial outlook while mapping out specific strategies for different sectors.
The IT sector will focus on electronics, high-end software and the Internet, covering products raging from intelligent terminals to smart home devices. Popular digital devices like tablets and smartphones will also be a key business focus.
Chengdu will make efforts to upgrade its automobile industry by encouraging carmakers to tap new categories such as new energy vehicles. By 2017, one million cars are expected to be produced each year in the city.
Chengdu will also develop its business jet industry. The city will enlarge the portfolio of unmanned aerial vehicles with the focus on high-end products that will suit military needs and the export sector.
Zooming ahead
Key industries grew rapidly last year. From January to November, the automobile industry recorded 17 percent growth year on year, while the IT industry increased 13.9 percent in the same period from 2013.
Chengdu has set up an information sharing platform that monitors and directs the city’s industrial activities. From January to November 2014, 100 industrial companies generated revenue of 513.62 billion yuan, rising 24.9 percent from the year before.
The local government is also urging companies to absorb innovative technologies and new equipment with the goal of raising production capacity. At the same time, the government’s pollution tackling efforts have led to 55 printing and dyeing plants being shut down.
The local government has also worked to reduce the financing costs of companies, such as nurturing more cooperative modes between banks and companies. From January to November 2014, Chengdu’s industrial companies’ loan balance reached 435.5 billion yuan, rising 14.2 percent year on year.
At the end of 2014, the local government issued another 28 policies to boost reform and upgrade the manufacturing sector. The new policies came as a strong supplement to the 2014 blueprint.
The city will help construct basic infrastructure in main industrial zones by providing at most 50 million yuan per zone. In 2014, more than 20 billion yuan was spent on basic facilities and infrastructure in the industrial zones.
For projects with an initial investment of more than 1 billion yuan, the local government will offer a subsidy of up to 10 million yuan.
To further boost innovation, the local government has also released several measures to encourage academic institutes, both overseas and domestic, to deepen research in the high-tech sector.
In the year ahead, Chengdu will continue to practice the measures embodied in its development plan and seek new solutions to achieve its economic goals.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
