Chengdu Office

Asian Cities

2H 2016

 

The third G20 Finance Ministers and Central Bank Governors Meeting of 2016 was held in Chengdu on July 23 to 24, the first time any G20 conference was held in Midwestern China since the forum’s establishment. Successfully hosting the meeting has generated a new wave of interest in the city, which will help Chengdu further develop into a National Central City and international metropolis, accelerate the development of the tertiary industry, attract more tenants, and turn the city into China’s fourth largest financial centre.

The Chengdu Bureau of Statistics reported the city maintained steady economic growth in Q2/2016. The overall GDP reached RMB559.02 billion, increasing by 7.5% year-on-year (YoY), 0.8 of a percentage point (ppt) higher than Q1/2016 Primary industries contributed RMB17.35 billion, a 3.4% increase YoY. Secondary industries added RMB238.02 billion, rising 7% YoY. Tertiary industries added RMB238.02 billion and increased 8.1% YoY. In 1H/2016, fixed-asset investment in Chengdu reached RMB418.36 billion, increasing 13.9% YoY, 1.1 ppts faster than the previous quarter. The city’s total fixed-asset investment was the highest of all vice-province cities.

 
 

Key contacts

Simon Smith

Simon Smith

Senior Director
Research & Consultancy

kamaco Two Exchange Square

+852 2842 4573

 

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