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Chengduhitech |
Development Zones in China
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Investing in China
China has been changing dramatically in the recent decades. The business contact with the rest of the world became frequent and common. Foreign investors all suddenly realise that China this huge market place is the right choice for huge profitability, so they began investing in China, cooperating with Chinese companies, and setting up their Asian branches there. And indeed, Chinese market has brought them a huge sum of fortune, therefore more and more foreign investors from all over the world have taken China as one of their "must-enter" markets.
China is still a developing market where exists the biggest potential to accept new things. Once people realise its good, there is a huge demand market. So, there is a huge room for development in China. Chinese welcome investment because the society needs to be developed, and foreigners can gain something from investing in China too, which is a win-win.
Chengdu is the centre of science and technology, finance, trade and commerce in the southwest China, and is the regional hub for communication and transportation. Its population has high proportion of science and technology skills and combined with large number of international financial institutions. Chengdu is the natural choice for businesses relocating to mid and western China or looking for set up Technology Outsourcing in China.
Chengdu Hi-Tech Industrial Development Zone ([www.chengduhitech.co.uk])
First established in 1988, the Chengdu Hi-Tech Zone (CDHT) ranks the 4th among China’s 54 state-level hi-tech zones and is strongly supported by national provincial and municipal authorities. With an area of 86.5 km2, CDHT comprises of the south park and the west park. There are over 16000 companies registered in the CDHT, among which 820 companies are foreign invested enterprises including 40 Fortune 500s companies.
Ratified by the State Council in 1991, Chengdu Hi-tech Zone (CDHT) is one of the earliest state-level hi-tech industrial development zones, an ISO14000 National Model District and one of the six pilot zones established under the project of "The World's First-class Park Initiatives" sponsored by the Ministry of Science and Technology.
With a planned area of 87 km², CDHT comprises of the south park and the west park. There are over 16000 companies registered in the CDHT and over 750 foreign invested enterprises with a total investment of over 5.7 billion, 40 of which are fortune 500 companies, including Intel, Microsoft, Motorola, Siemens, Nokia, Ericsson, Corning, Sony, Sumitomo, Toyota, NEC, Carrefour, UPS, Alcatel, Ubisoft, among the others. .
CDHT's major economic indexes grow over 25% annually. The comprehensive strength ranks the fourth among China’s 55 state-level hi-tech zones.
In 2008, CDHT achieved an industrial added value of 78.762 billion RMB, an industrial output of 172.1 billion RMB, an income from technology, industry and trade of 220.7 billion RMB, and an general financial income over 10 billion RMB.
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