ore powerful momentum into the high-quality development of Chengdu,” he said.
“We will do everything possible to create a law-based, internationalized business environment
with quality services that facilitate and support development of foreign investment projects.”
He emphasized the city plays an important role in China’s national agendas such as the Belt and Road Initiati
ve, the Yangtze River economic zone development, and the West China development strategy.
“A large number of national strategic opportunities have prese
nted themselves in Chengdu… Chengdu is now at the frontier of China’s further ope
ning-up, which shores up the city’s fast growth in regional competence and influence,” he said.
Currently, the city has 8,155 foreign-invested enterprises. Among the 285 Fortune 500 enterprises in Chengdu, 198 are foreign-in
vested. Last year, the city’s actual use of foreign capital reached $12.28 billion, increasing 22.3 percent from
2017, and foreign direct investment was $2.69 billion, with an annual increase of 44.1 percent, said Luo.