Western triangle zone's attractiveness increasing
Updated: 2011-08-18 09:52
A survey published by Taiwan Electrical and Electronic Manufacturers' Association shows that the western triangle economic zone composed of Chengdu, Chongqing and Xi'an has become increasingly attractive to Taiwan businessmen, but the Yangtze River triangle zone remains to be their favorite.
This report, named Investment Environment and Risk Survey of China's Mainland in 2011: Business Opportunities in the 12th Five-Year Plan Period, was made based on the questionnaires answered by 2,795 Taiwan companies investing in the mainland. The survey shows that Chengdu ranks No.2 in the cities Taiwan businessmen plan to develop their businesses in the future.
By evaluating each city with the four indicators of competitiveness, investment environment, investment risks and the support rate of businessmen, the report produced a ranking of the comprehensive strength of 104 cities in China's mainland. Among them, Chengdu and Chongqing were in the top 10 cities.
The report also divides the cities into the four levels of Highly Recommended, Fairly Recommended, Recommended and Don't Recommend. Out of the 104 cities, 20 cities were ranked as Highly Recommended, including Chengdu and Chongqing. Xi'an, another city in the western triangle zone was upgraded from last year's level of Recommended to this year's Fairly Recommended.
According to the report, Chengdu and Chongqing are among the cities with the fastest economic growth rate in the mainland. They will work with Xi'an to develop the future of the western region. The day the western triangle economic zone becomes the focus of the mainland's regional economic development is approaching. When it does, it is bound to contain endless opportunities.
The report states investment made by Taiwan's corporations is shifting from traditional industries to high-tech industries.In the future, the number of Taiwan companies that will invest in high-tech and service industries will increase Therefore there will be a significant reduction of investment in traditional industries. Meanwhile, Taiwan's businessmen are also changing their business concept from export trade to valuing the domestic market.
Taiwan Electrical and Electronic Manufacturers' Association has conducted investment environment and risk surveys on the mainland for 12 consecutive years.