CHENGDU, China, Nov. 23, 2017 /PRNewswire/ -- The joint venture
established by Advanced Micro Devices, the American semiconductor
company, and its Chinese partner is located in the Tianfu Software
Park of Chengdu, China. Beneath a
jungle of office towers, hotels and apartment buildings are swaths
of shades under canopies and pedestrian walkways where lines of
neatly arranged shared bicycles are parked alongside. Within one of
these glass and steel edifices, the Chengdu branch of AMD is currently busy at
working for developing a brand new type of chip. Experts explained
that this kind of chip will replace counterparts from foreign
manufacturers as it will enable Chinese super computers to operate
with even more functions and higher compatibility.
As the fastest-growing professional software industry park in
China today, the Chengdu Tianfu
Software Park officially opened its doors in 2005 and has since
then attracted nearly 250 tenants that include some of the
country's and the world's most respected corporations like IBM,
SAP, NEC, GE, NCSI, Huawei, Alibaba, Maersk, Siemens, Ericsson,
Tencent, WIPRO and DHL, of which
foreign-funded enterprises account for 40% of total.
These companies have long realized that Chengdu, as the capital of western
China's superpower Sichuan province, is already endowed with the
scientific and technological innovation capacity fit for becoming a
world-class metropolis.
Today, international medical giant Medtronic and automotive
behemoth Volvo have realized this trend as well. In October this
year, Medtronic announced the decision to construct Centers for
Therapeutic Innovation in Chengdu,
which become the company's third project in Chengdu, more than in any other Chinese
cities. Meanwhile, Swedish car-maker Volvo plans to set up a
factory in Chengdu to manufacture
Polestar, its new generation of electric vehicles.
Leveraging on science and technology to reshape industry
structures and the new economy form of utilizing innovation to
engender industry upgrading are quietly but surely changing the
economic system of this central city of western China.
Actually, the term "new economy" first appeared in a 1996
article in BusinessWeek. It refers to an economy driven by
information technology-induced revolutions and led by hi-tech
industries under the economic globalization backdrop.
It is the time for new economy to play the leading role.
Worldwide, the USA, Germany, Israel, Singapore and China have become the original places and
active zones of new economy.
If choose one Chinese city as the model of the development and
rise of new economy, Chengdu would
be the best choice.
It has been introduced by the major leaders of Chengdu Municipal
Government that the expansion of new economy in Chengdu roughly underwent three clear stages:
in 2003, new economy emerged, hi-tech industries as represented by
the electronic information industry began to make deployments, and
electronic information technology started to find its way into
different industries and sectors; in 2010, new economy began to
pick up pace, and with the rise of strategic emerging industries
like next-generation information technology, new materials and new
energy, new technologies and new industries continued to appear and
blossom; in 2015, new economy began to prepare for a powerful
thrust, introduction of key human resources, innovation and
entrepreneurship jointly became instrumental in all major
industries and sectors, a group of hi-tech enterprises experienced
rapid growth, and new economy is getting ready for a big bang.
In terms of promoting the new economy development, Chengdu always attaches great importance to
the development of Internet, hi-tech, information industry and
biological materials, and has laid profound foundation in those
fields.
The latest data show that Chengdu owns 24,369 science and technology
enterprises, 965 research and development facilities of all
kinds and 31 potential unicorn companies. In 2016, Chengdu's new economy industries is on track
to grow by more than 10 percent, while the value of hi-tech
industry reached RMB 844.6 billion
yuan, becoming the number one pillar industry.
Major leaders of Chengdu Municipal Committee of the CPC believe
that other than emphasizing on hi-tech and innovation-driven
growth, "new economy" should also stress on partnerships
between government, academia and enterprises, collaborations
between academia and enterprises in research and development, and
thoroughly transform human resources advantage into human capital
advantage.
Chengdu is home to 56
institutions of higher education, more than 30 national-level
scientific research institutes, 318 military industry companies and
organizations and a rich reserve of human resource that includes
nearly five million scientific and technological innovation
talents. According to information from a relevant leader at the
Chengdu Science and Technology Bureau, Chengdu has already signed strategic
cooperation agreements with 13 higher education institutions from
both within and outside Sichuan
province such as Peking University and Sichuan University in order to support the
co-establishment of knowledge economy circle around universities,
research achievements commercialization areas and innovation and
entrepreneurship concentration zones, with the purpose of
effectively promoting project incubation, achievement
commercialization and talents development. "At present, three
pan-institution knowledge economy circles such as the
pan-Sichuan University circle have
already been established, capital investment from higher education
institutions and private funding has reached more than RMB 875 million yuan, area of innovation
incubation spaces exceeds 500,000 square meters, and over a
thousand scientific and technological achievements from higher
education institutions have been transferred or
commercialized".
Since reforms in household registration policies for talents
rolled out in July, Chengdu has
already attracted more than 87,000 Masters or above degree-holders,
of which about 15% from Ivy League schools. Meanwhile, previously
announced report 2017 Returned Chinese Employment and
Entrepreneurship Survey Report points out that Chengdu has climbed its way to the No.3 spot
on the list of "the most preferred cities for employment and
entrepreneurship among returned Chinese," just after Beijing and Shanghai.
The government's active steps in attracting funding, continual
assembly of distinguished talents and prevalence of innovation and
entrepreneurship, coupled with relatively lower land and labor
costs compared with cities like Beijing and Shanghai, are all crucial factors that will
propel Chengdu as China's most ideal city for cultivating new
economy.
"Chengdu has already risen as
an important engine behind the development of new economy in
western China and along the
Yangtze River Economic Belt". Wang Gaoxiang, Director of CCID Urban
Economy Research Center of the Ministry of Industry and Information
Technology, said, "Chengdu is the
most suitable city for the development of new economy because it
possesses the regional position conditions, innovation resources,
industrial bases and policy environment beneficial to the
development of new economy".
As new economy continues to strengthen and injects power into
Chengdu's growth, the
one-of-a-kind foundational advantages and development potentials
have emboldened the city to dream bigger and plan further.
Chengdu is poised to ascend as the
global archetype for new economy.
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SOURCE CCID Urban Economy Research Center of the Ministry of
Industry and Information Technology