How Chengdu is using IP to attract foreign investment

May 07, 2013 | BY

clpstaff &clp articles

Officials in the western city of Chengdu have used an enhanced IP system to attract foreign investors. David Tring spoke to Ding Xiaobin from the city's Science & Technology Bureau to find out more about the initiative

Situated at the centre of China, Chengdu has always been known as the home of pandas, but in recent years it has stepped up its efforts to increase foreign investment and raise its competitiveness by enhancing IP protection.

It has worked well. “Chengdu had the lowest investment risks as well as the best IP protection across the country,” according to the report China: Europe Should Seize the Opportunity to Invest in Chengdu from the European News Agency.

“Chengdu is taking a leading role in IPR creation, management, protection and commercialisation. This advantageous environment makes Chengdu a prime choice for foreign investors and has attracted numerous foreigners to invest,” said Ding Xiaobin, deputy director general of the Chengdu Science & Technology Bureau.

Facts and figures

In 2012, the city attracted $8.59 billion in foreign investment and Rmb3.19 billion in domestic investment. The total value of imports and exports in the same year reached $47.54 billion.

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