G20 Ministers and Bank Governors Meeting Showcases Chengdu’s Rise as Regional Leader

Authors: Shanghai Daily

2016-07-22

The third 2016 G20 Finance Ministers and Central Bank Governors Meeting will kick off in Chengdu, the capital city of Sichuan Province, on July 23rd.
Chengdu Science City in Tianfu New Area is another important project for Chengdu to nurture innovation. Zhang Yi, chief of the Science Development, Publicity and Planning Bureau of Tianfu, said that the first batch of clients such as Nokia Global Technology Center and China Telecom Cloud Computing Center are set to settle in the Tianfu Finance Center of Chengdu Science City.
Thanks to the innovation and entrepreneur-friendly atmosphere that's now being built in Chengdu, by 2020 the city is expected to have more than 100,000 technology and innovation-oriented companies. Among these, 2,000 are expected to be high-technology companies with over 2 trillion yuan in industrial output.
As the gateway to the Silk Road Economic Belt and Yangtze River Economic Belt, Chengdu is going to bring full play of its role as the leader in the western region.
To date, Chengdu has attracted 271 Fortune Global 500 companies to set up branches in the city. Chengdu is also home to 15 foreign consulates, and has established a sister-city relationship with 31 cities. Chengdu is also the fourth city in China that allows 72-hour visa-free transit. Besides, the China-Europe express train that links Chengdu and Lodz, Poland, is now the fastest train between China and Europe, together with a sophisticated logistic network that boasts 89 international airlines that stretch from North America, Europe to Middle East and Oceania.
After being the host city for this year's G20 Finance Ministers and Central Bank Governors Meeting, last year's Fortune Global Forum and World Chinese Entrepreneurs Convention, Chengdu is under the global spotlight. With a commitment to carrying out an innovation-driven strategy, Chengdu now aims to become a leader in western China in economics, technology, culture, transportation and international exchange.
For the next step, Chengdu will seize the opportunity of "One Belt, One Road" initiative and fasten its pace of becoming a a gateway to the Euorpe through the "Chengdu-Europe Plus" strategy.
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