Jan 13
Ethiopian Airlines to Add Direct Flight to Chengdu
Ethiopian Airlines to Add Direct Flight to Chengdu
Ethiopian Airlines
Ethiopian Airlines recently announced expansion of its network to Chengdu, the capital city of southwestern Sichuan province, marking the fifth Chinese city in the airline's expanding map.
China Daily
Jan 13
Ethiopian Airlines to Add Direct Flight to Chengdu
Ethiopian Airlines recently announced expansion of its network to Chengdu, the capital city of southwestern Sichuan province, marking the fifth Chinese city in the airline's expanding map.
The new flight is due to start on June 5 and will fly between Ethiopia's capital, Addis Ababa, and Chengdu. It will be the Chinese city's first direct flight to Africa.
The flights will operate three times a week by Boeing 787-800, cutting flight time to nine and a half hours, the airline said.
Tewolde Gebremariam, CEO of Ethiopian Airlines, said he is very much looking forward to the launch of the new route.
"Since we flew to China for the first time 43 years ago, we have seen China as the most important market," he said.
The addition of the new route will increase the airline's weekly flights to China to 34. Currently it operates daily flights to Shanghai, Beijing and Hong Kong and also 10 weekly flights to Guangzhou.
(Source: chinadaily.com.cn, January 10, 2017)
Jan 11
15 UN Panda Envoys Visit Chengdu
15 UN Panda Envoys Visit Chengdu
panda envoys
Sixteen-year-old Vera Kalinina, from Sudoverf, Russia, was thrilled to see live pandas on Monday at the Chengdu Research Base of Giant Panda Breeding in Sichuan province.
China Daily
Jan 11
15 UN Panda Envoys Visit Chengdu
Sixteen-year-old Vera Kalinina, from Sudoverf, Russia, was thrilled to see live pandas on Monday at the Chengdu Research Base of Giant Panda Breeding in Sichuan province.
It's appropriate because Kalinina is one of 17 people from 14 countries chosen to be United Nations Panda Champions for the Global Goals. For five days this week, 15 of the 17 are in Chengdu to learn about pandas.
The envoys are from Algeria, Nigeria, Britain, Russia, France, Mexico, Columbia, Peru, Jordan, the United States, South Korea, Pakistan, China and Japan. Their trip, financed by the breeding center, is part of their prize for winning an online contest. Two of the panda envoys couldn't make the trip.
(Source: chinadaily.com.cn, January 10, 2017)
Dec 30
High-Tech Zone Developers Recruit Overseas Talent
High-Tech Zone Developers Recruit Overseas Talent
Recruit Overseas Talent
Chengdu Hi-Tech Industrial Development Zone, one of the top hightech zones in Southwest China’s Sichuan province, is attracting high-end talents from around the world in its mission to become a leading center for innovation.
China Daily
Dec 30
High-Tech Zone Developers Recruit Overseas Talent
Chengdu Hi-Tech Industrial Development Zone, one of the top high-tech zones in Southwest China's Sichuan province, is attracting high-end talents from around the world in its mission to become a leading center for innovation.
The zone held the Chengdu Tianfu Talent Recruitment event in Seoul and South Korea last month. Six companies from the zone attracted more than 200 interviewees in the video game industry.
Most of the companies — Wind Play, Changhong Electric, Ubisoft Entertainment, Chengdu Skymoons Technology, Seasun, and Storm Game — are leading companies based in the zone's Tianfu Software Park.
Tianfu Software Park, which has a completed area of more than 1.5 million square meters, is one of the largest software parks in China.
Yan Lin, human resources director of Skymoons, said his company participated in the recruitment activity to look for top-level talents in the industry.
"South Korea's video game industry has been taking the lead worldwide, with a large number of professionals rich in experience," he said, adding that the South Korean professionals particularly excelled at artistic design and research and development for new games.
Yan said his company prefers talents with an innovative spirit.
Han Han, recruitment manager of global game producer Ubisoft's Chengdu studio, said his company is seeking professionals with experience in console games, art design and game programming.
"We interviewed nine high-quality candidates during the event and we are satisfied with their performance. This trip is well worthwhile," he said.
Han and representatives from other companies also visited the Bushan G-Star annual trade show for the computer and video game industries during the trip to South Korea.
He said they communicated with the exhibitors at the show and gained a better understanding of the development and trends of South Korea's video game industry.
They also established connections with professors at several South Korean universities, laying foundations for future cooperation, he said.
Gwon Beom, an interviewee, said he is willing to work in China and is particularly interested in working with Wind Play.
He said the video game industry in China has great development potential. "The scale of China's video game market surpassed the United States and Japan last year, and is still increasing at a much faster speed than the global average," he said.
He believes China's video game industry could achieve greater progress with more overseas talents working in the country.
Lee Gwang-heon, another interviewee who had just come back from Canada, said many of his friends work at Chinese video game companies. He would also like to work at a Chinese company, but hadn't yet had an opportunity to attend a Chinese recruitment fair.
Lee said he would prefer to work in China mainly because he would like to experience and learn more about Chinese culture.
"Video game designers are storytellers to some extent. By learning more about Chinese culture and customs, I will be able to tell more and better stories," Lee said.
During the recruitment event, the Chengdu Hi-tech Zone also signed an agreement to establish a workstation at Adecco Korea, a human resources consulting company. The station will work as a channel to continually introduce South Korean talents to the zone.
The recruitment event in Seoul was the second overseas talent recruitment activity sponsored by the Chengdu Hi-tech Zone and organized by the Tianfu Software Park, following the first which was held in Silicon Valley in September.
Since 2007, the Chengdu Tianfu Talent Recruitment activity has been held in domestic cities such as Chengdu, Beijing, Shanghai, Guangzhou, Shenzhen and Dalian.
More than 100 social recruitment and campus recruitment fairs are held each year, attracting 100,000 people annually and recruiting more than 8,000 talents for companies in the zone. Most of the enterprises are located in the Tianfu Software Park.
(source: chinadaily.com.cn, December 23, 2016)
Dec 28
Fairmont Opens Its First Hotel in Western China
Fairmont Opens Its First Hotel in Western China
Fairmont
Luxury hotel operator Fairmont Hotels & Resorts launched its first property in Western China on December 21, 2016.
China Daily
Dec 28
Fairmont Opens Its First Hotel in Western China
Luxury hotel operator Fairmont Hotels & Resorts launched its first property in Western China on December 21, 2016.
Fairmont Chengdu, located on Tianfu Middle Avenue in Chengdu, Southwest China's Sichuan province, offers luxury experience for both business and leisure travelers. Fairmont already operates properties in Shanghai, Beijing, Kunshan and Nanjing.
The hotel neighbors major local business facilities and shopping malls, such as the Century City New International Convention & Exhibition Center and Global Center. It is a 25-minute drive to Shuangliu International Airport and steps away from metro station with easy access to Tianfu Square, the upcoming Tianfu International Airport, and the fast developing South CBD zone.
Offering stunning views of the fast-changing city skyline, Fairmont Chengdu will deliver a world of contemporary elegance throughout its 336 guest rooms and suites.
As part of the Palm Springs International Center, the Fairmont Chengdu Residences offer the first branded luxury apartment complex in Chengdu. This is the first Fairmont Residences in China. The development is managed by Fairmont with its exclusive concierge services. Residence owners are invited to participate at the highest level of the Fairmont President's Club. Along with special benefits and privileges such as room upgrades and exclusive preferential room rates, owners also enjoy an exceptional level of personalized service and attention at Fairmont Hotels & Resorts worldwide.
(Source: chinadaily.com.cn, December 23, 2016)
Dec 23
Siemens Grasps Opportunities Offered by Its IT Solutions
Siemens Grasps Opportunities Offered by Its IT Solutions
Siemens
Information technology-based solutions can help Chinese companies boost product quality, efficiency, innovation and counter challenges such as rising labor costs-to pursue their goals opened up by the Made in China 2025 strategy, a leading international industry executive said.
China Daily
Dec 23
Siemens Grasps Opportunities Offered by Its IT Solutions
Information technology-based solutions can help Chinese companies boost product quality, efficiency, innovation and counter challenges such as rising labor costs-to pursue their goals opened up by the Made in China 2025 strategy, a leading international industry executive said.
Chuck Grindstaff, chief executive officer of Siemens PLM Software, a subsidiary of German industrial giant Siemens AG, said his group was grasping the opportunities.
"We are driving this trend forward across all our business lines in China," he said.
"We can connect mobility with energy, transportation, building and manufacturing technologies to offer cross-domain services for our customers in both China and global markets," Grindstaff added.
The Made in China 2025 strategy is a 10-year national plan designed to transform China from a manufacturing giant into a global high-tech manufacturing power.
Grindstaff said even though the winds of change were sweeping across the global manufacturing landscape with tremendous speed, China could still retain its winning edge by using innovative industrial software that could integrate product development and production processes.
The Texas-based product life cycle management, or PLM technology provider, develops software that can manage the entire life cycle of a product from designing to manufacturing, to deployment and even disposal. Its Chinese customers include China Railway Rolling Stock Corp, China National Nuclear Corp, China State Shipbuilding Corp and Aviation Industry Corp of China.
Much like cloud computing that is transforming the information technology business, Germany's "Industry 4.0" initiative-a concept that promotes the digitalization of its manufacturing industry-is now being hailed as the way forward for manufacturing companies.
Siemens has been a notable supporter and proponent of the concept, which is essentially a collective of smart factories, intelligent machines and networked processes that provide a direct and real-time interface between the virtual and physical worlds.
A cutting-edge project that showcases the advantages of PLM software is Siemens' digital plant in Chengdu, Sichuan province.
The facility, Siemens' only digital workshop outside of Germany, is a highly automated unit where production materials are sorted and delivered to the exact production line at the exact time without workers lifting their fingers.
"The key to making this smart manufacturing happen is the collaborative digital platform that is based on PLM software, which is widely used by auto, aerospace and aviation companies," Grindstaff said.
"As many as 19 out of the top 20 aviation companies in the world use Siemens' PLM software, such as Boeing and Airbus."
A Chinese analyst said the technology was promising and rapidly evolving on the Chinese mainland.
"PLM solutions are widely used in China in aerospace and aviation, military and automobile sectors," said Sun Fuquan, a researcher at the Chinese Academy of Science and Technology for Development.
"Sectors, such as food and beverages, can also make handsome gains from PLM solutions in the long-term," Sun added.
(source: www.chinadaily.com.cn, December 20, 2016)
Dec 22
Chengdu, Agra's New Friend
Chengdu, Agra's New Friend
Chengdu, Agra's New Friend
Agra joins Chengdu's circle of friends to forge a better tomorrow together.
The Hindu, Business Line
Dec 22
Chengdu, Agra's New Friend
In 2013, under the joint witness of then Prime Minister of India Monmohan Singh and Premier of the People's Republic of China Li Keqiang, the Indian city of Bangalore and the Chinese city of Chengdu signed the Chengdu-Bangalore, India, Sister Cities Relations Establishment Agreement, becoming the first pair of sister cities between China and India.
After Bangalore, the Indian city of Agra will also join the circle of friends of this charming Chinese city. On the 22nd of this month, Agra and Chengdu signed the Agreement for the Establishment of Friendly Cooperation Relations between Chengdu and Agra, indicating the formal establishment of cooperation relations between the two sides.
Chengdu is the provincial capital of Sichuan, and Sichuan Province is China's largest regional economic entity closest to India. As early as 2,000 years ago, the Southern Silk Road, which originates from Chengdu, facilitated the delivery of Chengdu's silk, salt and tea leafs to India. It can be summed up that Chengdu and India have always been tightly intertwined in many aspects such as economy and culture.
July this year, Chengdu announced its plan for the establishment of a "world famous software city". According to this arrangement, Chengdu will reference the development of the Indian software industry as blueprint, and make coordinated progress with Bangalore in forging the international software industry's "dynamic duo of the east".
The India - China (Chengdu) International Yoga Festival has already been held for two consecutive sessions since last year, attracting the participation of yoga practitioners and enthusiasts from around the globe. Worth mentioning is that practicing yoga after getting off of work has already become a trendy lifestyle among the ladies of Chengdu.
In May 2015, Prime Minister of India Narendra Modi visited China and the two countries released the Joint Statement between the People's Republic of China and the Republic of India, officially announcing the establishment of a consulate-general of India in Chengdu. The Indian consulate-general is the fourth of its kind in China after Hong Kong, Shanghai and Guangzhou, and currently site selection is underway.
Following the in-depth implementation of full-region opening-up, 16 countries have already obtained the approval to found diplomatic missions in Chengdu. At present, the number of Chengdu sister cities has risen to 32, and that of friendship cooperation cities increased to 39.
The continual expansion of the "circle of friends" brought about the enlargement of the "circle of fortune". In recent years, Chengdu's international "circle of fortune" continued to develop. 278 Fortune Global 500 companies have already set up their presence in Chengdu, of which 199 are foreign corporations, while Chengdu also hosts a total of 6,650 foreign-funded enterprises. Intel, FAW-Volkswagen, Siemens...some of the world's most recognized brands all happened to raise their investments in Chengdu at the same time.
On the list of the "World's Fastest-Growing Cities in the Next Decade" published by Forbes magazine, Chengdu was listed on the top spot.
In order to further strengthen communication with the rest of the world, Chengdu is constantly reinforcing its function as a transportation hub city. Its international flight routes network covers major hub cities in North America, Europe, Africa, Oceania and Asia, with almost one hundred international routes that can access 74 overseas cities and regions. Construction for Chengdu's second airport broke ground in May this year, and upon its completion, Chengdu will become the third city in China to be served by two of its own airports, after Beijing and Shanghai.
As a city that has enacted the 72 hours visa-free transit policy, this year Chengdu will strive to implement a 144 hours visa-free transit policy for the citizens of selected countries, expand the range of movement sanctioned for foreigners entering Chengdu under the 72 hours visa-free policy, and request an eight days visa-free convenient entry policy for tour groups from certain nations. Meanwhile, the availability of departure tax-refund for foreign tourists in Chengdu is conducive to a better traveler shopping experience. At the same time, Chengdu also initiated the "Home in Chengdu" campaign, which aims to cultivate a better environment for foreign nationals living and working in Chengdu.
Chengdu, this extra large city in western China, at present is fully committed to positioning itself as the economic center, science and technology center, cultural innovation center, foreign communication center and comprehensive transportation hub of western China. Under the opportunity of its establishment as a National Central City, Chengdu will leverage on its sound infrastructure facilities and massive development potentials to partner with various friendship cooperation and sister cities in more sectors and at higher levels, so as to jointly generate mutual benefits and create a better tomorrow.
Oct 16
Chengdu special: Food festival serves up special cultural feast
Chengdu special: Food festival serves up special cultural feast
13th Chengdu Food and Tourism Festival
The 13th Chengdu Food and Tourism Festival was held in Chengdu, capital of Southwest China's Sichuan province, from Sept 26 to Oct 8.
China Daily
Oct 16
Chengdu special: Food festival serves up special cultural feast
The 13th Chengdu Food and Tourism Festival was held in Chengdu, capital of Southwest China's Sichuan province, from Sept 26 to Oct 8.
This year's event was held at one main venue and nine satellite venues across the city. The main venue was the Eastern Suburb Memory, a former TV cathode tube factory converted into an art and leisure park in the east of the city.
The branch venues include Wide and Narrow Alleys, Wenshufang Cultural Block, Kuixinglou Street and Jiuyanqiao Bridge, all of which are famous tourist spots or blocks featuring typical Sichuan food culture.
The 13-day event attracted 2.28 million visitors, generating a total revenue of 72.5 million yuan ($10.9 million, 9.7 million euros), according to the event's organizing committee.
A wide range of traditional cuisine and drinks from both Sichuan and other provinces were on offer at the event.
"In a departure from previous sessions, this year's event focused more on cultural creativity," said Li Chuan, president of Chengdu Radio and Television and deputy director of the event organizing committee.
He said big data analysis indicates that people care more about the art and entertainment aspect of the event than the food.
A range of different activities were held at the venues, including a creative bazaar, cooking contests and cultural exhibitions.
A food forum was also held during the event, at which experts discussed how food connects to design, architecture, literature and technology.
A newly developed smart catering car was also unveiled during the event.
The car allows customers to locate it through WeChat or a special app, and order meals online.
They can then either go to the catering car in person to get their food or have it delivered to them.
Yang Junming, manager of Chengdu Zhengyuan Yonghe Trading Co Ltd, the company that developed the catering car, said the car's technology can ensure food safety through its ability to trace every link in the supply chain.
It also receives online evaluations from customers.
The food and tourism festival was a hot topic online, with statistics from sina.com showing that 6.26 million people viewed topics and threads related to the event. Two live broadcasts from the festival received 238,000 likes on Sina Weibo.
In addition, more than 5 million people from Europe, North America and Oceania viewed festival-related topics and videos via international platforms such as Google, YouTube and Twitter.
"Through the combination of Chengdu's food and creative cultures, the event aims to help the city become a center of cultural creativity in western China, as well as a world-renowned city of culture," Li said.
Chengdu was awarded the title "City of Gastronomy" by UNESCO in 2010, making it the first Asian city to win such an honor.
Oct 14
Happy 1st birthday to Canada's giant panda cubs
Happy 1st birthday to Canada's giant panda cubs
Canada's giant panda cubs
In March 2013, two giant pandas — Er Shun and Da Mao — arrived at the Toronto Zoo as part of a global giant panda conservation breeding program.
China Daily
Oct 14
Happy 1st birthday to Canada's giant panda cubs
In March 2013, two giant pandas — Er Shun and Da Mao — arrived at the Toronto Zoo as part of a global giant panda conservation breeding program.
On Oct 13, 2015, the Toronto Zoo announced that Er Shun had given birth to the first giant panda cubs ever born in Canada. The twins were named Jia Panpan (Canadian Hope) and Jia Yueyue (Canadian Joy).
On Thursday, the zoo threw a first birthday bash for the young stars.
"The Toronto Zoo is thrilled to be hosting this one-year birthday celebration for our giant panda cubs," said John Tracogna, CEO of the Toronto Zoo. "We are grateful to all of the partners who continue to support the ongoing success of our giant panda program, including the Chinese Association of Zoological Gardens, Chengdu Research Base of Giant Pandas, Chongqing Zoo, State Forestry Administration of China and the Canadian Embassy in Beijing."
When the gifts that represented the traditional Chinese fortunes of "Prosperity", "Happiness", "Wealth" and "Lots of Bamboo" were presented to the two cubs, Jia Yueyue was quick to pick the gift of "Wealth", while Jia Panpan listened to his tummy and chose the gift of "Lots of Bamboo".
Toronto zoo keepers have had the unique opportunity to witness the growth and development of these rare cubs over the past year, and there have been challenges among the moments of joy.
"Watching them grow and surpass the many milestones throughout their first year has been unlike anything else I have experienced in my career," said Karyn Tunwell, the senior panda keeper who has been caring for the cubs since their first day.
"The Toronto Zoo is honoured to be part of this ongoing success story for the giant pandas, and will continue tirelessly supporting and leading the many other species survival programs within the animal kingdom for generations to come," said Robin Hale, the zoo's chief operating officer.
Zoo staff and guests from the Chinese Association of Zoological Gardens were on hand to help celebrate this milestone for the giant panda cubs.
Aug 05
Int'l Conference Injects New Vigor to Metropolis
Int'l Conference Injects New Vigor to Metropolis
New Vigor Metropolis
Experts believe the third 2016 G20 Finance Ministers and Central Bank Governors Meeting that was recently held in Chengdu, a megacity in western China, will help to further invigorate the city’s development and accelerate its internationalization.
China Daily
Aug 05
Int'l Conference Injects New Vigor to Metropolis
At the meeting in Chengdu, delegates discussed issues concerning the global economy, frameworks for strong, sustainable and balanced growth and investment and infrastructure, with the aim of finding a new driving force for the global economy.
"It's no coincidence that Chengdu was chosen as the host city for the G20 meeting. The city has become a top destination for global events because of its outstanding economic development and progress in opening-up," said Yu Jianwei, executive dean of the Institute of Economic Development at Sichuan University.
China's "Go West" strategy has given it global appeal, while Chengdu continues to lead the development process in the west of the country, bringing the city sharply into global focus, Yu said.
Chengdu is an emerging star on China's economic landscape. Its GDP was 1.08 trillion yuan ($161 billion) last year, an increase of 7.9 percent year on year. It also utilized $7.5 billion of overseas investment during the same period.
The Milken Institute, an independent American economic think tank, ranked the city top of its list of China's best-performing cities. The World Bank deemed Chengdu as a "benchmark city for the investment environment in inland China".
"The city started to boost opening-up and internationalization ahead of many other cities, and it has greatly expanded global cooperation and exchanges in recent years," Yu said.
The city is no longer simply a place of giant pandas, delicious food and beautiful landscapes. It is now also a thoroughly modern city with 89 international air routes, 271 Fortune Global 500 companies, 15 foreign consulates, and the largest number of international brands in western China.
By the end of last year, the city had established direct economic and trade relations with 223 major cities worldwide, including 20 that have opened trade and tourism offices in the city.
Many distinguished foreign guests have visited the city in recent years, including German Chancellor Angela Merkel, former British Prime Minister David Cameron and US first lady Michelle Obama.
During a state visit to China in 2013, the then British Prime Minister David Cameron made Chengdu his last stop. Cameron said he was impressed by the city's picturesque landscapes and rapid economic development. He stated that he could see the future of western China in Chengdu.
In July 2014, German Chancellor Angela Merkel chose Chengdu as the first stop on her seventh official trip to China. She visited the FAW-Volkswagen factory, took a class in Sichuan cookery and attended a forum on urbanization.
"By playing host to international events and distinguished foreign guests, Chengdu has become increasingly well-known and better connected to the world, and, as a result, it has become a new driving force for the region's development," Yu said.
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New development wave
Yu noted that planning for the Chengdu-Chongqing city cluster, which was issued in May by the central government, requested that Chengdu build itself into a national hub city, and this is also a new drive for the city's economic development and opening-up.
He believes that Chengdu is more competitive than many other cities in China because of its large talent pool, solid foundation in high-tech industries and the local government's support for innovative development.
"The new round of development is no longer dependent on investment, but on technological innovation, talents and the business environment," Yu said, adding that an increasing number of both domestic and foreign talents have chosen to either work or start a business in Chengdu in recent years.
The city is home to 53 universities with 700,000 students, and 280,000 scholars graduate from its universities annually.
It also has 30 State-level research institutes, 10 key national laboratories and some 100 vocational and technical colleges.
To ensure that Chengdu becomes the logical choice for talented professionals looking to develop new ideas or start businesses, the city announced on Feb 14 that it had adopted 10 new policies to achieve the goal, as well as the establishment of a fund of up to 2 billion yuan.
By the end of last year, Chengdu had recruited 34 academicians and 169 national-level experts through China's 1,000 Talents Plan. Those figures lead the nation.
Jun 24
Innovation Rules as World's Best, Brightest Gather in Chengdu
Innovation Rules as World's Best, Brightest Gather in Chengdu
The 2016 Chengdu Global Innovation and Entrepreneurship Fair opened on Friday in Chengdu. The fair will feature international, high-end and all-round companies.
Jun 24
Innovation Rules as World's Best, Brightest Gather in Chengdu
The future will be the exciting topic as global innovators and entrepreneurs swap ideas at major fair.
The 2016 Chengdu Global Innovation and Entrepreneurship Fair opened on Friday in Chengdu, a mega city in western China. The fair will feature international, high-end and all-round companies.
The event will attract more than 500 participants this year from China and abroad, including government leaders, representatives from Chengdu's sister cities, Nobel Prize winners, world-renowned scientists, university presidents, and world-famous entrepreneurs and investors.
The fair aims to become an international platform that gathers innovation and entrepreneurship resources and achievements from around the world and promotes the exchange and transaction of innovative ideas and achievements, said a spokesman of Chengdu.
The three-day event will include 18 major activities: 12 high-level forums that will focus on development trends in innovation and entrepreneurship, an exhibition that will display the world's latest scientific and technological achievements, three trade fairs for innovation and entrepreneurship resources, and two innovation and entrepreneurship contests, according to the spokesman.
The fair's opening ceremony, held together with the launch of the China-US Young Makers Competition, invites mayors of the world's popular entrepreneurial cities, renowned entrepreneurs, and representatives from top business incubators, high-tech zones and universities, to discuss the latest achievements in innovation, exchange innovative ideas, and look into the future of innovation and entrepreneurship.
The Future Technologies Forum will invite top scientists from China and abroad in such fields as semiconductor lighting, fundamental particles, artificial intelligence and astrophysics, to discuss frontier science and technology.
Lu Tiecheng, director of Chengdu Science and Technology Bureau, said the scientists will include Shuji Nakamura, Nobel laureate for physics in 2014, Arthur B. McDonald, Nobel laureate for physics in 2015, Wu Hequan, an academician of the Chinese Academy of Engineering, and professor Chen Yanbei from the California Institute of Technology.
Lu said the Innovation Capital, Capital Innovation Forum will invite Edmund Phelps, winner of the Nobel Prize for economics in 2006, and top investors to share their investment philosophies, experiences and the latest trends in investment.
Chen Fu, deputy director of the Chengdu Investment Promotion Commission, said Chengdu is the first Chinese city to hold the Silicon Valley Innovation and Entrepreneurship Forum, or the SVIEF, which is an annual international high-tech conference designed to foster talent, and exchange of technology and capital between the United States and nations in the Asia-Pacific region.
The past four SVIEFs have been held in Silicon Valley, California. The forum in Chengdu will involve 400 participants, including 89 senior technicians and executives from the US.
The 2016 Chengdu Global Innovation and Entrepreneurship exhibition covers an area of 15,000 square meters and has attracted 300 exhibitors. Some 51 high-tech innovation programs from Silicon Valley covering fields such as intelligent hardware, robots, 3-D printing and mobile Internet will be on display at the exhibition.
Visitors will be able to see the latest innovative products, such as pneumatic tubes, the Lytro Illum light-field camera and the Lily Drone.
Three fairs will explore the exchange of talent, equity investment and technological achievements. The Talent Exchange Fair will involve 70 Fortune 500 companies, leading head-hunting companies, top local enterprises, scientific research teams and universities, all with the aim of promoting the exchange of top-level talents.
The two international contests are the China-US Young Makers Competition's Chengdu sub-contest and the China-ROK Youth Innovation and Entrepreneurship Contest. Both are expected to foster exchanges and cooperation in innovation and entrepreneurship between China and other countries.
2015 fair
The 2015 Chengdu Global Innovation and Entrepreneurship Fair, which ran from Nov 9 to 11, drew more than 200 delegates from 30 countries and regions. It is believed to have been the first of its kind in China to focus on innovation and entrepreneurship.
The event consisted of five forums, four trade fairs and one contest.
During the fair, delegates reached the Chengdu Consensus, which states that innovation and entrepreneurship are integral to the development of society and a powerful engine for economic development.
The Chengdu Global Innovation and Entrepreneurship Trading Platform was launched to provide entrepreneurs from the host city and around the world with services such as the transaction and exchange of equity, products, talent and resources.
More than 150 investment organizations took part in the roadshow and trade fair that followed, which involved 2,686 entrepreneurship programs.
Some 109 deals worth 5.32 billion yuan ($830 million) were signed during the two events.
The Chengdu Hi-Tech Industrial Development Zone signed a memorandum of understanding with five companies and organizations from the European Union, according to which both sides will promote collaboration and exchanges in innovation, trade and investment among small and medium-sized enterprises, universities and high-tech parks in western China and the EU.
Innovation rules as world's best, brightest gather in Chengdu
Carmen Cano de Lasala, deputy head of the EU delegation to China, said she had been to Chengdu nine times since 2006 and was impressed by the dynamic, open city and the development it has gone through in recent years.
"Chengdu is one of the most dynamic and fastest-growing cities in China. I'm glad to see so many European companies choosing Chengdu as their top investment destination and achieving great development here," she said.
Alvaro Simon De Blas, rotating president of EBN, a network of about 150 quality-certified EU business and innovation centers and other organizations that support innovative entrepreneurs, startups and SMEs, said Chengdu is attractive to EBN members because of its long and good relationship with the EU and excellent environment for innovation and entrepreneurship.
"Chengdu has a very bright future in terms of innovation and the development of SMEs. I believe more academicians, researchers, entrepreneurs and creative ideas will gather in Chengdu to create more wealth and job opportunities," he said.
Backed by the fair, Chengdu saw great achievements in innovation and entrepreneurship. About 249,000 businesses registered in Chengdu in 2015, of which 11,000 were technology enterprises.
The newly registered capital in 2015 totaled 650 billion yuan, an increase of 103 percent. Both the number of newly registered businesses and their total registered capital were the highest in central and western China.