Not many posts over the last days, because I am in Chengdu at the moment with some business associates. I had not been to Chengdu in about 4 years, when I produced a short film about the city. At that time I already loved the city, and coming back here after all these years was not a disappointment. The city not only looks great (lots of green and a bit warmer than Shanghai), but it also feels great. It is booming, even more than Shanghai I feel.
We looked at several companies over the past days, and also talked to a few government agencies. From these talks I have the feeling that Chengdu could be the next big thing in China for investors. Not as expensive yet as eastern China (salaries for engineers are at least 40% lower than on the east coast), and with an excellent educated workforce.
Yesterday I learned that there are currently 430,000 people studying in Chengdu’s universities. 430,000 students… If you think about that figure it almost seems unreal. Many of them do not want to leave the city after graduation, because of the good environment. This means that finding good people here is a whole lot easier than in Shanghai – and a lot cheaper as well.
It is very well possible that I will spend some more time in Chengdu in the near future. I sense there are some big opportunities, and I don’t want to miss out on them.