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CDHT gaining fame as place for entrepreneurs

The Chengdu High-Tech Zone, comprising the South Park and the West Park, lies in the southern and western parts of the city. It is a microcosm of China's burgeoning business world. With the goal of making Chengdu the growth engine of the national "Go West strategy", the local government is building the zone into the core of urban development.

The zone has entered the third phase of its enterprising journey, said Liu Chao, the Party chief responsible for the zone. Liu said the task at hand is to turn the zone into a world-class high-tech area through technology innovation and industrial development. The zone will increase the competitiveness and innovative capacity of Chengdu and the entire province as a whole, Liu said.

The leadership of the high-tech industrial park is committed to developing high-end manufacturing and building a base for IT, biomedicine and precision engineering manufacturing. achieve the goal, Liu hoped the zone could attract more leading firms and major projects in advanced sectors, including integrated circuitry, photo electric displays, software and service outsourcing and electronic terminal products.

The zone is home to 515 high-tech firms, accounting for 52 percent of all the high-tech firms in Chengdu. It has also attracted operations of more than 120 Fortune Global 500 and other internationally well known companies, including big names in IT industry like Intel, Foxconn, Dell and many others. The zone is also trying to develop emerging new industries, including cloud computing, digital media and Mobile Internet. A 1 billion yuan ($16 million) funding was set up last year to support Mobile Internet development, with a plan for establishing a special zone for this industry.

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