In March 2006, the Ministry of Information Industry approved the establishment of the National (Chengdu) Electronic Component Park within the Chengdu Economic and Technological Development Zone. It can already boast companies such as Intel, IBM, Nokia, Microsoft and Xerox.
Chilton, a manager of alternative investments with nearly $8 billion in assets, will file an application with Chinese authorities for permission for its Beijing subsidiary to operate a branch office there.
The office will serve as a central hub for Chilton’s strategy to pursue investment opportunities in western China — a region the firm said has tremendous growth potential and is under-served by investment specialists.
On the western edge of the Sichuan Basin, Chengdu was about 48 miles from the epicenter of the earthquake that killed more than 4,000 people in May, but the city sustained little damage.
Source: Greenwich Time