Introduction of Chengdu Engine of Economic Growth Chengdu Well Poised to Go Global

Chengdu is emerging as the fourth center of IT industry in China after the Yangtze River Delta, Beijing and Tianjin Area and Circum-Bohai Sea Economic Zone.

Vehicles Made in Chengdu Going Global.

On May 22nd, 2015, the first batch of 22 Volvo limousines made in Chengdu were exported to the US, and this was the first time for made-in-Chengdu vehicles to be exported to America, which convincingly shows that Chengdu is able to produce global standard automobiles and its auto industry clusters are mature enough to go global.

So far, the city has seen the presence of the world’s prestigious automobile multinationals like Volkswagen, Toyota, Volvo, FAW, Geely and Dongfeng Peugeot Citroen, construction machinery manufacturers like KOBELCO, Caterpillar and China South Railway, and key parts makers like Bosch, Johnson Controls and Delphi.

Chengdu has become a national business center since the Tang Dynasty (618-907). By now, Chengdu has been designated by the State Council as the business and trade center of southwest China, whose market reach covers six provinces/autonomous regions involving a population amounting to 250 million. Chunxi Road, a 500-meter long pedestrian street and a business landmark in the city center of Chengdu, attracts a daily average of around 500,000 consumers from all over the country.

Aiming higher in the commercial industry, the city is expediting its pace of shaping itself into an international shopping center. By 2030, its gross annual revenue from tourism will hit RMB657 billion, of which 30% will be contributed by people’s shopping.