Chengdu achieved 8.7% GDP growth

CMS (2014-07-29 15:34) [Full Text]

Chengdu, capital of Sichuan province, has maintained relatively high economic growth in the first half of this year, according to Chengdu Statistics Bureau.

The city's GDP reached 484.2 billion yuan ($ 77.5 billion) in the first six months, an increase of 8.7 percent year-on-year. The above-scale industrial added value increased 12 percent, ranking first among China's 15 sub-provincial cities.

The rapid growth in the auto and IT sectors, 27 percent and 16.9 percent respectively, has been the main driving force in Chengdu's economy.

Foreign investment is playing a more important role in Chengdu's development. The city brought in 95 new foreign investment projects in the first half of this year, and utilized $5.1 billion in overseas investment.

"We expect a total of 260 Fortune Global 500 companies to locate in Chengdu by the end of this year," said Chen Fu, deputy director of Chengdu Investment Promotion. Chengdu was home to 255 Fortune Global 500 companies by the end of June.

 

Chengdu achieved 8.7% GDP growth

 

Chengdu achieved 8.7% GDP growth

 

Wearable toy designed to teach girls computer programming Top 9 Chinese tycoons invited to govt headquarters

【Disclaimer】

The recommended or reviewed securities in this comment doesn’t have any stake in the interest of the company and authors. Analysis of the company and individuals in this website cannot be used as any decision support but consultant for investment.