国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Star cities in race for foreign capital

By Ding Qingfen in Xi'an and Zheng Yangpeng in Beijing (China Daily) Updated: 2012-05-23 09:05

Star cities in race for foreign capital

A folk art performance attracts visitors to the four-day 15th China Chongqing International Investment and Global Sourcing Fair, which ended on Sunday. More than 7,000 foreign enterprises from 43 countries and regions attended the fair. [Photo / Xinhua] 

Chongqing, Chengdu and Xi'an each have their own advantages

Xi'an, Chengdu or Chongqing, where to invest? This will be a hard choice for foreign investors.

Undoubtedly, while rising wages and costs sap growth in the coastal and eastern regions that have led China's exports and growth during the past three decades, western regions with skilled labor are turning into magnets for global companies that are either transferring bases or adding investment in the region.

"The story of western China is appealing," said Andy Serwer, managing director of Fortune magazine.

But exactly where to go is a question for foreign companies, and it takes time to make a final decision.

In April, when South Korea-based Samsung Electronics Co Ltd, the world's leading consumer-electronics maker, announced it would make its largest investment overseas in Xi'an in Shaanxi province, the city moved into the limelight overnight.

But few people know another western city - Chongqing - was a contender before the company's final decision was made.

"While economic growth in the western region is becoming a bright spot and western cities are enhancing efforts to open up and attract foreign investment, competition among the three cities is unavoidable," said Xian Guoming, director of the Center for Transnational Studies at Nankai University.

"But it's not a big issue. They have already built up different strengths from each other."

Chongqing, for instance, is building the world's largest laptop-manufacturing base, and global leading laptop makers including HP, Acer and ASUS have plants in the city.

The initial success of the three western cities has benefited from the country's "Go West" campaign, which was launched in 2000 to address the growing inequality in economic growth between the western and eastern regions.

The policy targets six provinces (Shaanxi, Gansu, Qinghai, Sichuan, Guizhou and Yunnan), five autonomous regions (Xinjiang, Inner Mongolia, Tibet, Ningxia and Guangxi) and the municipality of Chongqing.

Western China occupies more than 70 per cent of the nation's territory and holds more than half of its mineral resources.

The cities of Chengdu, Chongqing and Xi'an have led the economic growth of China's west, and they are also in the vanguard of growth in foreign direct investment in the region.

In 2011, the GDP of the three cities - Chongqing, Xi'an and Chengdu - rose by 16.5 percent, 13.8 percent and 15.2 percent to 1 trillion yuan ($158.2 billion), 386.4 billion yuan and 685.5 billion yuan, respectively.

The figures were higher than the growth rate of 9.2 percent for the nation as a whole and 13 percent for the western region last year.

Among the three cities, Chengdu has been an early bird in absorbing FDI.

Previous Page 1 2 Next Page

Hot Topics

Editor's Picks
...
上蔡县| 霍山县| 海口市| 和田市| 乌鲁木齐市| 贵阳市| 贵定县| 辰溪县| 上杭县| 乌审旗| 西吉县| 两当县| 临高县| 颍上县| 河东区| 福泉市| 全南县| 五原县| 佛坪县| 岳阳市| 新绛县| 万源市| 龙江县| 子洲县| 昌乐县| 察哈| 师宗县| 潢川县| 山西省| 常德市| 广平县| 珠海市| 精河县| 高青县| 浪卡子县| 西畴县| 枞阳县| 长宁县| 三河市| 建阳市| 水城县|