Please help me understand the steps involved in starting a business.
Two steps are involved: first Initial approval of enterprise name, then application for approval certificate for TIEs. Because there are loads of documents needed, you may call Chengdu Investment Promotion Commission who will tell you the details.
Please tell me with whom do I need to meet with and their contact information when starting up.
Chengdu Administration for Industry and Commerce (address:No.6 east section of Zhimin Road, Chengdu,Phone No:(028-85394311) ,Chengdu Investment Promotion Commission(address : Floor 5 and 6, Building C, No. 68, Shujin Road, Tianfu Avenue, Chengdu, SichuanPhone No: (028-61885500), Chengdu Local Taxation Bureau( address:No.59 Xiqing Road, Jinniu District, Chengdu, service line is 12366), Chengdu Customs( address: No 66 middle section of Tianshun Street, High-technology district, Chengdu,service line is 12360)
Where can I get legal advice on how to start a business in Chengdu?
Chengdu Investment Promotion Commission can give you legal advice.
Is the Chengdu government more interested in supporting certain sectors of the economy?
I don't think so. The local government should follow the principles of the central government. At the same time, it will prioritize certain sectors to develop according to local situation.
What are some of the most prominent trade and professional associations I should know?
There are many registered professional associations related to different industry. For example, Chengdu International Business Association, Chengdu Trade and Commercial association, Health and Bio Sciences Association and so on.
Does Chengdu have any good business projects?
The primary markets are sectors in energy, communication, and the financial industry. The secondary market, and more promising ones include the public sector, consumer products, food, retail, and manufacturing.
Why should I invest in China?
China is one of the fastest growing economies in the world. Its rural population continues to migrate to major city centres creating high demand for new infrastructure, new jobs, and both residential and commercial development. China also has the fastest and largest growing middle class who are in their prime purchasing cycle, creating vast demands for products and services. Because many of these products and services have not historically been available, nor have been part of the conventional supply chain, many foreign companies and investors are coming into China to fill this gap thus creating new business investment opportunities for themselves as well as domestic investment partners.
If I invest, is it better to start, buy, or partner in a business and why?
It depends on your preference. No matter what way, we'll try to help you at any time.
If I choose to invest in China, why Chengdu versus other cities in China?
Chengdu is a landmark to invest in China. It is rated as the fastest growing city in the next decade in China. Half of all Fortune 500 enterprises have been attracted to invest Chengdu owing to its advantageous investment climate and huge growth potential. Many honors have been conferred to Chengdu such as China's best tourism city, China's best city for business, China's famous cultural and historical city.
Which business sectors are the strongest and are poised to grow even more in Chengdu?
Chengdu has 3 strongest industries such as manufacturing industry, service industry and technology and innovation industry. And at present advanced manufacturing industry, modern service industry and urban agriculture industry are poised to grow even more.