Chengdu’s July Investment Briefing
The month of July has been a busy one for my friends in Chengdu, and I would like to thank them for providing us with their update. there is something for everyone this month: investors, retailers, service providers, and tourists alike.
Chengdu released tourism investment information
On July 17, Chengdu Development and Reform Commission and Chengdu Tourism Bureau released the 2007 investment information of Chengdu tourist industry, and 34 important tourism projects were revealed to investors. Detailed information can be found at the portals of Chengdu tourism (www.cdbot.chengdu.gov.cn ).
It is reported that in 2006, the total economic volume of Chengdu tourist industry accounted for 40% of the whole province’s, ranked respectively first among cities in 12 provinces and regions in western China and fifth among 15 deputy-provincial cites of the country, and the number of tourists Chengdu has received was the second highest among the 15 deputy provincial cities.
RMB 685 million pushes Chengdu into digital TV age
On July 17, Chengdu High-tech Zone and Shenzhen Coship Electronics Co., Ltd., Shenzhen Coship Video & Telecom Media Co., Ltd. and Chengdu Xinwang Media Co., Ltd. held a signing ceremony for cooperation in digital TV projects.
It is reported that Coship Electronics is to establish “Chengdu R&D and Production Base for Digital Video & Telecom Products” in High-tech Zone, while Coship Video & Telecom and Xinwang Media are to jointly found a joint venture and build “West China R&D Center of Digital TV and Creative Industries”. RMB 685 million yuan will be invested in the two projects.
The projects will further push the development of Chengdu’s digital television services and accelerate the forming of the city as the content production pool of digital TV programs and added-value services as well as cultural industry center in central and western China.
Chengdu’s patent application ranked second among deputy-provincial cities
According to latest statistics of the State Administration of Intellectual Property, from January to June in 2007, the patent application from Chengdu counted 5,923 cases, of which 3,282 were approved, up 41.2% and 44.8% respectively over the same period of last year, hitting a record level. The number of cases submitted and approved ranked second and fifth among 15 deputy-provincial cities in China.
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