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Chengdu WORLD ROUTES FUTURE


FIND OUT MORE ABOUT WORLD ROUTES 2016 AND HOSTS CHENGDU, CHINA, TAKING PLACE ON SEPTEMBER 24-27


The Chengdu Research Base of Giant Panda Breeding is a major attraction


A rising star in the ‘land of abundance’


Chengdu is leading the way in the finance and technology sectors, having transformed itself into a leading commercial hub in Asia. Traditionally, coastal cities such


as Shanghai, Beijing and Hong Kong have been China’s primary centres for business. Chengdu’s increasing accessibility and


dynamic economy have ensured that it is now recognised as a leading centre for foreign investment and development. Tax and investment incentives for


foreign firms, together with low labour costs and high growth markets, have equipped Chengdu with a competitive edge to rival its coastal counterparts.


The ancient city of Chengdu has


always been recognised as a “land of abundance”. The city’s GDP reached $161.5 billion in 2015, an increase of 7.9% on the previous year, and a growth rate that was 1.1% higher than the national average. Human capital, central government


support and development in major sectors such as logistics, finance and technology have contributed to Chengdu’s economic growth. Chengdu has benefited from £5.3 billion of foreign investment. The city has witnessed substantial


Chengdu hosts this year’s World Routes


economic growth over the past decade, and is now home to more than 270 Fortune 500 companies, including IBM, Intel and Microsoft. The influx of the world’s most profitable companies has created a significant increase in demand for business travel within the region. Committed to consolidating its position as a leading area for foreign investment and business, Chengdu has embraced the concept of connecting the city with new air services, and will host this year’s World Routes. £


routesonline.com ROUTES NEWS 2016 ISSUE 5 37


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