Visiting Yubei District Boosts Foreign Executives' Confidence in Chengdu-Chongqing Potential

CHONGQING,China,June 19,2023 -- A news report fromiChongqing -From June 13 to 16,the international exchange event "Foreign Executives See China" (Chongqing Part) was held in Yubei District,Chongqing,China. Executives from seven foreign-investedcompanies in China,includingTesla,Warner Bros.,Universal Pictures,Intel,Ogilvy Group,etc.,gathered in Yubei to witness the new development and explore the new opportunities.

Executives from foreign companies in China were invited to visit Chongqing’s opening-up areas in Yubei District on June 13. (Photo/Hu Jun)

On the first day,foreign company executives visited Chongqing's opening-up areas and key enterprises invarious fields,such as intelligentmanufacturing,airport economy,and cultural creativity.In the afternoon,they visitedtheXiantao International Big Data Valley(XBV) in Yubei district of Chongqingandsomesettled companiesin XBV,getting a better picture of Chongqing's new measures to promote high-quality development.

"The combination of heavy machinery and digital economyisgreat for the city and local talents whowould liketo join these industries," said Ilya Gutov,partner of Round Ventures,after the visit.

Founded in 2023,Round Ventures is a Singapore-based cross-border game fund aiming at PC,Console,mobile gaming studios and game tech startups using a data-driven approach.

On the morning of June 14,theseniorexecutives visitedtheChongqing AirportDevelopment Areato explore the new progress ofmajorenterprises in manufacturing and technological innovation.

Chongqing Kohler Engines Co. Ltd.,located in theChongqing AirportDevelopment Area,is afully foreign-owned enterpriseunder Kohler Co. in the United States.So far,ithas beenmainly engaged in the R&D and manufacturing of small gasoline engines ranging from 3 to 15 horsepower.Itsproductshave beenexported to EuropeandAmerica,andsold intheChinesemarket.

"You are looking atour production linenow," said Frank Zhang,a staff at Chongqing Kohler Engines Co. Ltd. "Through thewhole automaticprocess,1,100 engines can beefficientlyproduced every eight hours."

The guests were attracted by Chongqing's unique mountain city cultureand cultural creativity,thusremaining optimistic about the potential of the Chengdu-Chongqing economic circle.

"Chongqing and Chengdu can cooperateto make the game industry bigger," saidDaisy Zhang,partner relations representative in China of WN Media Group.

WN Media Groupis dedicatedto buildinga business ecosystem of projects and services for the video gameindustry,by integratingB2B events worldwide,an online communication platform,multilingualnews websites,and a talent agency.

"Chongqing has more sophisticated teams and some independent developers working on PCgames,while Chengdu is mainlydevelopingmobile games by outsourcing," said Zhang. "I look forwardto seeing thatthey can havesmoother exchangeswith the international community in the future."

Other destinations,such asChongqing National Advertising Industry Parkand ChongqingBayu FolkCustomMuseum,are to helpforeign companiesbetter understandChongqing's newadvancement,measures,and opportunities in promoting high-quality development.

The event,hosted by the ChinaCenter for International Communication Development,China International Communication Group,offersforeign-investedcompaniesa strong appreciation ofthe innovation and vitality of Chongqing's development,attracting them toconduct further cooperation with Chongqing.

Foreign-fundedenterprisesin China play a very important role in China's economic development,said the event director.

They are not onlytheparticipants and witnesses of China's economicgrowthbut alsotheimportant windowsand bridgesfor theglobalcommunity to observe and experiencetheeconomic developmentof China.