High-tech park growing local innovation

Chengdu's primary goal is to catch up with Shenzhen and Tianjin in boosting exports

Chengdu plans to launch more high-tech enterprises over the next three years to drive the city's economy and innovative strengths amid China's industrial upgrading.

Home to 252 multinational Fortune 500 companies, including Intel Corp, Suez Group, Siemens AG and Toyota Motor Corp, Chengdu is taking steps to enhance innovation in local companies by learning from the foreign businesses. The goal is to catch up with such longer-established rivals as Shenzhen, Dalian and Tianjin in China's eastern region.