Friday, March 22, 2019

Chengdu Tianfu New Area: Bring Tens of Billions of Multi-industry Investment


Image result for Tianfu New Area
Chengdu, Following the four state-level new development areas, that is, Shanghai Pudong New District, Tianjin Binhai New District, Chongqing Liangjiang New District and Shanxi Xixian New District, Tianfu New District seems to have been approved by relevant organs. According to the planning, Tianfu New District, which covers an area of more than 1,000 square kilometers, will be built into an international modern new urban area that will be clustered with modern manufacturing and high-end service businesses and is also a livable place.
The regional planning of the Chengdu-Chongqing Economic Zone clearly points out to build Tianfu New District, focusing on the development of headquarters economy and circular economy, accelerating the development of new energy, new materials, environmental protection, biotechnology, next-generation information technology, advanced equipment manufacturing and other strategic emerging
industries .
The Tianfu New Area’s overall position mainly focuses on the modern manufacture and high-end service industries, in order to become an international modern new urban district that is suitable for manufacturing,
business and living. The New Area covers 37 towns and neighborhood offices of seven counties (cities/districts)
of three cities, the total area of which is 1,578 square kilometers.
The planning will mean the annual air passenger capacity of Tianfu New Area will reach 100 million; the contribution rate of science and technology to the economy will reach 75 percent; industrial added output
of high-end industry will reach 550 billion yuan; the  average public green land per capita will reach 15 square meters; the income proportion between urban and rural residents will be two to one by 2030.
Sichuan province is preparing to construct Tianfu New Area to forge international modern new urban districts. It will play a considerable role in the integration of the plain areas of Chengdu city. A state-level New Area,
similar to Pudong New Area and New Seashore Area, is ready.
Build “Industrial Chengdu”
As to the orientation of Chengdu Tianfu New Area, it has been clearly pointed out in the Sichuan Province’s “12th Five-year-plan”, which indicates that to enhance the growth pole of Chengdu metropolitan area, planning Tianfu New Area would speed up the construction of innovation technology park and form eventually the “Industrial Chengdu” based on modern manufacturing industry and clustered with high-level service industries, working as a new international modern city zone suitable for business, industry and dwelling.
In practical measures, Sichuan Province showed strong faith in building Tianfu New Area. According to the 2011 Sichuan Province Financial Budget Draft Report, a special fund of 2 billion RMB will be planned for the construction of Tianfu New Area. In addition, the official expressed that there will be 10 billion RMB ready for the infrastructure construction of Tianfu New Area.
Benefits for Various Industries
It assumed that Tianfu New Area will be built as a functional region with strong industries clustered in large-scale, relying on the metropolitan Chengdu and expand the development in surrounding areas of Chengdu. Therefore, the benefits coming from this area will evidently extend to the infrastructure construction companies, high-level manufacturing companies and modern trading companies.

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