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Chengdu, China : Office Snapshot - Q1 2013

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Chengdu, China : Office Snapshot - Q1 2013

Hampered by slow growth in both secondary and tertiary industries, Chengdu’s 2012 economic growth rate fell for the first time since 2009 to its slowest at 13.0%, with a gross domestic product (GDP) of RMB813.9 billion. Nevertheless, it still outpaced the national average by 5.2 percentage points, which powered Chengdu to the 7th biggest economy amongst all the Chinese cities. The secondary industry rose at a relatively fast pace of 15.6% in 2012 to RMB 379.1 billion, accounting for 46.6% of the GDP—the highest in more than two decades, with the electronics & IT and motor industries being two bright spots growing at 33.3% and 42.0%, respectively. The tertiary industry remained the biggest sector of GDP, which rose 11.5% to RMB400 billion, with the financial services sector rising by 13.7%.

Source : Cushman & Wakefield

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