China’s thriving regions - Chengdu Chengdu: HIGHLIGHTS:
‹ China’s Best Commercial City and listed China’s Top Ten Economically Thriving Cities
‹ Chengdu tops the list of Forbes magazine’s The Next Decade’s Fastest-Growing Cities
‹ The wine market in Chengdu has 15 per cent year-on-year sales growth. Its $61.5m in wine sales in 2009 signals a huge potential market for the Australian wine industry
Chengdu is the capital city of Sichuan province, which is known as ‘the land of abundance’. The Chinese government has identified Chengdu as the centre of technology, business, finance and communications in Southwest China, thanks to its favorable climate, extensive infrastructure, first-class financial services and strong government support.
Chengdu has developed a global
commercial outlook since the strategy of Western China Development was implemented a decade ago. The economic growth of the city has been accelerated by the well-established business relations with over 4000 competitive enterprises from 175 countries and regions, such as Intel, Nokia, Canon and Siemens. The USA, Germany, France, Korea, Thailand, Singapore and Pakistan have set up consulates in the city. Minerals in Sichuan province make up 70 per cent
of the national mineral reserves and the province leads the world in the production of titanium and vanadium. Sichuan Hanlong (Group) Ltd, one of China’s foremost private companies located in Chengdu, has recently signed an agreement for iron ore through Western Australian company Moly Mines Ltd after its acquisition of a 55.3 per cent shareholding. As a city rich in hydro-electric power and natural gas, Chengdu has committed itself to the development of new energy to boost its economy. Its new energy output in 2009 ranked the first place in western China, totalling around A$1.9 billion. Shuangliu county, with the centrally- located Shuangliu International Airport, has stood out as the National New Energy Industrial Base and built a reputation for its new energy industry. It has attracted solar industry-related businesses to invest approximately $9.77 billion in the area and the industrial output of the new energy base in Shuangliu will reach $15.4 billion by 2017.
Chengdu’s business and trade relationship with
ABOVE: The economic growth of Chengdu has seen even attracted high-end retailers such as Cartier. Photo by George Lu. LEFT & BELOW: modern development in Chengdu/ Skyline. Photo by Johnmcga.
Australia has been increasingly strengthened despite the 2008 Sichuan earthquake
after Australian companies secured work in the reconstruction effort. ANZ, BlueScope Steel and Allens Arthur Robinson are three Australian organisations that worked in partnership with the local government to rebuild a school in the city of Mianyang of Sichuan province in June 2009. The school was built with BlueScope Steel’s high-quality and recyclable materials to withstand earthquakes of magnitude
of eight on the Richter Scale. In 2009, the total export- imports between Australia and Sichuan reached $403.9m. Chengdu is gaining new prominence through an
increasing number of international activities, such as China New Energy International Forum & Solar Energy Fair 2010, the 2010 Western China International Fair (WCIF), the 2010 China National Sugar and Alcoholic Commodities Fair, to name a few. In October 2010, a record 3153 enterprises from 44 countries and regions attended WCIF, the largest international fair in western China and 1581 investment projects were signed, with an investment volume up to approximately $11.4 billion. The new terminal for the Chengdu Shuangliu
International Airport will be completed in 2011, which will make it the fourth-largest airport in China. CAAC (Civil Aviation Administration of China) and Sichuan provincial government have invested around $21.8 billion into the new construction. Qantas is currently exploring the feasibility of direct flights to Sichuan province, which will further promote bilateral exchanges and cooperation.
Fan Xiao-Pu Australia China: BEYOND TOMORROW 147
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