Chengdu is becoming one of the favorite cities for investment in western China.Among the world's 500 largest companies, 133 multinational enterprises have had subsidiaries or branch offices in Chengdu by October 2009.These MNEs include Intel, Cisco, Sony and Toyota that have assembly and manufacturing bases, as well as Motorola, Ericsson, and Microsoft that have R&D centers in Chengdu.,The National Development and Reform Commission has formally approved Chengdu's proposed establishment of a national bio-industry base there. The government of Chengdu has recently unveiled a plan to create a ¥90 billion bio pharmaceutical sector by 2012.China's aviation industries have begun construction of a high-tech industrial park in the city that will feature space and aviation technology. The local government plans to attract overseas and domestic companies for service outsourcing and become a well-known service outsourcing base in China and worldwide
