皇冠体育app

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Global investors shift their focus inland

By Li Jiabao in Beijing and Li Yu in Chengdu (皇冠体育app Daily) Updated: 2014-02-14 07:18

Global investors shift their focus inland

Key hub

"We're building 皇冠体育app into one of the key innovation and operation hubs of Philips Global for value creation, a hub with both global reach and influence," Kong said.

Philips 皇冠体育app announced its "Go West" strategy in 2011, in line with the Chinese government's Western Region Development strategy. The company's move was intended to improve service to customers in the broader area of Central and West 皇冠体育app, Kong said.

In June 2011, Philips announced that it would set up a second Chinese headquarters in Chengdu. The purpose was to leverage its strength in innovation and its advantages in the fields of health, lighting and consumer lifestyle while creating a business model fitting the local market.

"We are developing a '2017 strategy' that establishes a new blueprint for the next five years to ensure the sustainable development of Philips 皇冠体育app. 'Go West' will assume a more important strategic position.

"We are accelerating innovation in 皇冠体育app and for 皇冠体育app, aiming to deliver more meaningful innovations to Chinese customers not only in the western region but across the country," Kong said.

DuPont Greater 皇冠体育app President Tony Su said: "We see great growth potential in Chengdu because it is one of the fastest-growing cities in southwest 皇冠体育app. Also it has great advantages in infrastructure, business environment and talent."

He noted that Sichuan is a large province in West 皇冠体育app in terms of population, resources and economic development.

Its advantages in the high-end materials industry, resources, industrial bases, R&D capabilities and manpower support made it an important economic and industrial base in the "Go West" initiative.

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