Chengdu Economy

Chengdu is the central city in the southwestern part in China. In Chengdu the economy is prosperous. Chengdu has been formed an industrial system that majored in machine, electron, metallurgic industry, food and light textile industry.

There are three industrial zones in Xi'an: Chengdu Economic & Technological Development Zone, Chengdu Export Processing Zone and Mianyang High-Tech Industrial Park.

The National Development and Reform Commission has formally approved Chengdu's proposed establishment of a national bio-industry base there. China's aviation industries have begun construction of a high-tech industrial park in the city that will feature space and aviation technology. The local government plans to attract overseas and domestic companies for service outsourcing and become a well-known service outsourcing base in China and worldwide.

For electronic and IT industry, Chengdu has long been established as a national base. Several key national electronic R&D institutes are located in Chengdu. Chengdu Hi-tech Industrial Development Zone has attracted a variety of multinationals, at least 30 Fortune 500 companies and 12,000 domestic companies, including Intel, IBM, NOKIA, Motorola, SAP, Siemens, Canon, HP, Xerox and Microsoft, as well as domestic powerhouses such as Lenovo.

The magic of Chengdu financial center has eradiated the whole Sichuan Province and China's west regions. It has successfully attracted major international financial institutions, including Citigroup, HSBC, Standard Chartered Bank, ABN AMRO, BNP Paribas, etc.

Agriculture and industry both play significant parts in Chengdu's economy. It has also formed a farm sideline production system. Sichuan's farms produce rice, wheat, vegetables, beef, pork, tea, medicinal herbs, tobacco and silk. Chengdu is the famous granary and the base of farm sideline production in China.

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