233 Fortune Global 500 Companies Have Settled in Chengdu by the End of 2012 Go back »
2013-01-31 | Southwest China
By the end of 2012, the number of Fortune Global 500 companies in Chengdu hit a record high of 233 (177 overseas and 56 domestic), making the city on top in Midwest China. According to the details released by Chengdu Investment Promotion Commission, despite negative growth in foreign capital in place of the country, the city maintained a high growth in both foreign and domestic investment in place thanks to the introduction of 26 Fortune Global 500 companies such as Danone, Nestlé, Schlumberger, Peugeot, etc. In 2012, foreign investment in place reached $8.59bn, a year on year growth of 31.1%; domestic investment in place increased by 24.7% to RMB319.8bn; 39 projects were invested by Fortune Global 500 companies valued at RMB65.79bn, an increase of 138.5%.
Up to now, among the 177 foreign Fortune 500 companies with presence in the city, 83 of them have set up 116 independent legal entities and 94 have set up 110 branches. For the 116 legal entities, there are 65 from industry, 3 from agriculture, 48 from services, representing 56%, 3% and 41% respectively.
Source: CHENGDU MUNICIPAL INVESTMENT PROMOTION COMMISSION