Forum to be boon for IT sector in host city

The electronic information industry is likely to be the first to see a windfall from the Fortune Global Forum, said Xiang Qihan, CEO of Yonyou Software Co Ltd, a major producer of management software in the Asian-Pacific region.

"I believe the forum will help more and more financial giants get to know Chengdu and provide stronger momentum to the electronic information industry in the city," Xiang said.

At present, the industry has reached an advanced level in Chengdu, and it is currently the eighth largest in scale nationwide. The city's IT enterprises collectively ranked fourth in tax contribution among comparable industrial clusters in other cities and sixth in investment value.

More than 20 manufacturers of IT products have formed a cluster in Chengdu's High-Tech Comprehensive Bonded Zone, including Foxconn, Intel, Dell and Lenovo.

Local enterprises have adjusted their product mix and sharpened their competitiveness to make inroads into the international market, which has led to rapid growth in total foreign trade.

Investment is flowing both ways. Intel dedicated more than $600 million to building one of the largest chip-packaging and testing centers on the planet. One out of every two computers around the world has a chip made in Chengdu.