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September 5, 2018

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Home » City specials » Chengdu

Chengdu most suitable for the new economy

Chengdu has many reasons to claim that it is most suitable for the development of the new economy.

Firstly, it has fine industrial advantages, providing a solid foundation for developing the new economy. Chengdu ranked fifth in the ranking of 100 Chinese “Internet +” digital economy cities (the first in southwest China), fostered six industrial clusters each with a value over 100 billion yuan, and reshaped its economic geography, further optimizing the industrial structure.

The output value of high and new industries in Chengdu reached around 937.5 billion yuan in 2017, up 11.7 percent from a year earlier. Chengdu newly increased 357,000 new economy enterprises in 2017, one third of the total newly increased enterprises.

Secondly, Chengdu introduced a series of talent policies to attract professionals for the new economy. So far, Chengdu already has 56 colleges and universities, more than 30 national research institutions, which provide rich reserve of talent in the field of big data, 5G, robots and the like.

Chengdu’s “12 talent policies” were issued in 2017 to encourage professionals to settle in Chengdu. So far, the policies have attracted almost 200,000 professionals to work or start a business in Chengdu. Chengdu ranked third in the ranking of the most attractive cities for overseas returnees, only next to Beijing and Shanghai, according to the report issued by the Center for China and Globalization and job portal

Thirdly, Chengdu’s special regional cultural genes including innovation spirit and inclusiveness, and pleasant environment provide unlimited growth space for the new economy.

Chengdu has been the most pleasant city in China for many years. To enhance this advantage to attract more talent and build a livable “Garden City” to enhance competitiveness, Chengdu is constructing the biggest city park in the world — Longquan Mountain City Forest Park and the longest greenbelt — the Tianfu Greenbelt.

Fourthly, Chengdu stands at the forefront of inland opening as a “national central city.” The construction of the Chengdu section of Sichuan Free Trade Zone, the increase of the services of China-Europe Express Railway as well as the construction of Tianfu International Airport helped Chengdu expand opening-up.

Capitals also favor Chengdu since its declaration to develop the new economy. Internet giants, such as Alibaba, Tecent and Huawei, set their eyes on Chengdu., one of the leading e-commerce giants, planned to build its southwestern headquarters in Chengdu.

Chengdu is a vital part in JD’s future development strategy, according to Lan Ye, executive vice president of


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