Latest News:  


Fortune smiles on Chengdu as forum concludes

By Li Fusheng (China Daily)

14:02, June 10, 2013

Former NBA star Yao Ming and Andy Serwer, managing editor of Fortune magazine, discuss what constitutes world-class achievements at the Fortune Global Forum. Feng yongbin / China Daily

Global spotlight, $18 billion in deals from three-day event, Li Fusheng reports

Fortune has smiled on Chengdu now that the 2013 Fortune Global Forum drew to a close on June 8 in the western city of rising international renown.

The fruitful three-day event saw at least 74 business deals signed between the capital city of Sichuan province and Fortune 500 companies or large multinationals with the combined value surpassing 112 billion yuan ($18.26 billion).

Of them, 12 major projects worth 25.6 billion yuan were sealed on June 7 at a contract signing ceremony held at the city's Jinjiang Hotel.

Semiconductor design and manufacturing company Texas Instruments announced its long-term strategy for manufacturing facilities in Chengdu in conjunction with officials of the Chengdu High-Tech Industrial Zone at the ceremony.

Its future plans include a new assembly and testing operation and the expansion of its existing wafer fabrication factory.

TI's investment in the operation could total $1.69 billion over the next 15 years for more facilities, manufacturing equipment and land.

"The Chengdu High-Tech Industrial Zone has been an excellent location for TI's manufacturing investment in China. We believe this region offers significant benefits to TI and the more than 100,000 customers we serve," said Kevin Ritchie, senior vice-president of TI's Technology & Manufacturing Group.

Schneider Electric of France is planning to establish its first subsidiary for Southwest China in Chengdu.

Sam Chum, vice-president of Schneider Electric China, said the company will soon upgrade its representative office to a branch in the Chengdu High-Tech Industrial Zone as the market in western regions attracts more and more attention from the company's top management.

The branch's business will cover sales, management, coordination and service support and is planned to become a regional hub that could reach other cities in Sichuan province, Chongqing, and the Tibet autonomous region by the end of 2014.

【1】 【2】 【3】

We Recommend:

Fortune Global Forum's guests visits panda

China calls for dialogue after EU solar panel duties

China-South Asia Expo opens in SW China

Huawei launches flagship smartphone Ascend Mate

3D printing gallery opens in Chongqing, SW China

White collars setting up stalls become popular

B787 Dreamliner misses maiden voyage in China

Computex Taipei 2013 exhibition kicks off

12 Asian business women: Intelligent and beautiful

Email|Print|Comments(Editor:WangXin、Wang Jinxue)

Leave your comment0 comments

  1. Name


Selections for you

  1. Manned sub Jiaolong starts trial mission

  2. Sand sculpture of Nelson Mandela

  3. Demonstration against genocide and atrocities

  4. Disordinary life of ordinary people

  5. Thunder storm hits Nanning, causing floods

  6. China's weekly story (2013.6.1-6.7)

  7. Activities held to mark Dragon Boat Festival

  8. Serena Williams claims French Open title

  9. Deep-voiced bosses top earners, managers

  10. China's CPI grows 2.1% in May

Most Popular


  1. Sex education – a need to be open
  2. Deter jaywalking with shock photos
  3. Deep-voiced bosses top earners, managers
  4. Chances for rebound of gold price diminish
  5. China boosts its presence in Europe
  6. Students at odds over perplexing gaokao essays
  7. Japan - trying to rewrite history?
  8. Private sector essential to China's economic health
  9. Fines for unmarried mothers draw criticism
  10. Less Gaokao participants, more seek int'l study

What’s happening in China

Youths highlight hot party

  1. 98,700 affected by extreme weather in NW China
  2. Mainland individual tourists to Taiwan surge
  3. Man commits suicide after killing colleague
  4. Flash flood traps people in SW China village
  5. 98,700 affected by NW China extreme weather