In the first three months of 2013, Chengdu’s GDP expanded to RMB215 billion, reflecting an increase of 10.5% year-on-year, down from 13.6% in the same period a year earlier. The secondary industry still maintained a fast growth of 13.7% over the first quarter of 2013, due to rapid development in the IT and automobile sectors that grew 30.1% and 46.8%, respectively. Over the same period, exports and imports surged 45.8% to US$12.1 billion, with exports rising to 64.3%. This is, again, due to growth in the IT sector. We believe that the IT sector will continue to grow as the production capacity of multinational IT companies is set to increase in the next few years.
Source : Cushman & Wakefield