Chengdu Investment News: November 18, 2008

1. Chengdu’s GDP ranked third in central and western China for first three quarters
On November 4th, Chengdu Bureau of Statistics published the ranking of the main economic indexes of Chengdu in the first three quarters in comparison with those of cities in Midwest China and of deputy-provincial cities of the country. It is learnt that during the first three quarters, Chengdu has realized GDP of 282.13 billion yuan, ranking 3rd among 17 cities in central and western China, while ranking 6th among 15 Chinese deputy-provincial cities; the average disposable income of urban residents is 12,530 yuan, ranking 4th in Midwest China and 12th among the deputy-provincial cities.

2. West China’s automotive industry is growing up
During the West China Expo, the Chengdu Automotive Industry Investment Introduction Meeting and Project Signing Ceremony was held on October 28th, during which 8 projects were signed, with total investment of 13 billion yuan, including the Automobile Part Manufacturing Industrial Park invested by Nanjin Automobile Group with 5 billion yuan in the Chengdu Economic and Technological Development Zone (CETDZ), Chengdu International Auto Exhibition Center by Hong Kong Reilong Group with 4 billion yuan, and the motordrome by Mintai Group with 2 billion yuan.

It is introduced that with the settlement in the CETDZ of a series of important projects with scale efficiency and driving effect such as Faw-Volkswagen’s third factory, SFTM’s capacity expansion revamp and West China Production Base of Geely, Chengdu’s automotive industry is entering into a phase of accelerated development. The next step the city will take is to fully guarantee the development of the auto industry in multiple aspects from production factors, governmental service to policy support, striving to build the CETDZ into the “West China Automotive Industry New Town” integrated with automobile manufacturing, trading, sports and entertainment with secondary and tertiary industries being developed interactively and harmoniously.

3. Sichuan tourism absorbed 55 billion yuan, Heavenly State revitalizing beautiful scenery
At the “Investment Attraction Meeting of Important Projects for Tourism Revitalizing of Sichuan” and “Signing Ceremony of Tourist Cooperation of Chengdu” held on October 28th, 48 projects of each over hundred million yuan were signed smoothly, with total investment exceeding 55 billion yuan, of which Chengdu signed 24 tourism projects of 37.31 billion yuan.

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