China Watch Blog reports that Chengdu, the capital city of China’s southwestern Sichuan Province, will host the Fortune Global Forum 2013, a conference for world leaders and business elites running from June 6 to 8, 2013.
This will be the fourth time the forum is held in China, but the first time for it to take place in the western region, whose development will be one of the focal points of the forum, the Shanghai Daily reported.
With the theme of “China’s New Future,” the 12th session of the conference will also take a close look at the evolution of China’s domestic economy and its emerging role in the global context, discussing the “China century,” resource solutions, innovation and technology, global finance and economic recovery.
“At a time when China is at the forefront of global business, Chengdu is the ideal venue for the next Fortune Global Forum,” Andy Serwer, managing editor of Fortune magazine, said at a press conference in Beijing today.
He described the city as a dynamic magnet for multinational companies and a leader in a wide range of industries from automotive and logistics to technology and services. Up to 212 Fortune 500 companies have set up their operations in Chengdu. And thirteen foreign banks have opened up branches there, the most among China’s central and western cities.
In 2010, Forbes magazine predicted Chengdu would be one of the world’s fastest-growing cities in the next decade. Citigroup and a think-tank with The Economist listed the city as the most competitive in central and western China.
Ge Honglin, mayor of Chengdu, said the forum attendants will see how a Chinese inland city coped with the world’s financial turmoil and accelerated its economic transformation.
“It will be an opportunity for the world to better understand Chengdu, and Chengdu to further integrate into the world,” Ge said.
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