Chengdu, Sichuan Province, China

Economy | Electronics and IT industries | Financial industry | Modern logistic industry | Modern business and trade | Convention and exhibition industry | Software and service outsourcing industry | New energy industry | Electronics and information industry | Automobile industry | Modern agriculture | Defense industry | Investment | Industrial zones | Real estate | Education and research | Colleges and Universities

🇨🇳 Chengdu, alternatively Chengtu, is a sub-provincial city which serves as the capital of the Chinese province of Sichuan. It is one of the three most-populous cities in Western China. The administrative area is the largest in Sichuan. Chengdu's built-up area includes Xinjin County and Deyang's Guanghan City. It is traditionally the hub in Southwest China.

Chengdu is located in central Sichuan. The surrounding Chengdu Plain is known as the "Country of Heaven" (天府之国; Tiānfǔ zhi Guó) and the "Land of Abundance". Its prehistoric settlers included the Sanxingdui culture. The site of Dujiangyan, an ancient irrigation system, is designated as a World Heritage Site. The Jin River flows through the city. Chengdu's culture largely reflects that of its province, Sichuan; in 2011, it was recognised by UNESCO as a city of gastronomy. It is associated with the giant panda, a Chinese national symbol, which inhabits the area of Sichuan; the city is home to the Chengdu Research Base of Giant Panda Breeding.

Founded by the state of Shu, Chengdu is unique as a major Chinese settlement that has maintained its name mostly unchanged throughout the imperial, republican, and communist eras. It was the capital of Liu Bei's Shu Han during the Three Kingdoms Era, as well as several other local kingdoms during the Middle Ages. During World War II, refugees from eastern China fleeing from the Japanese settled in Chengdu. After the war, Chengdu was briefly the capital of the Nationalist republican government until it withdrew to Taipei on the island of Taiwan. Under the PRC, Chengdu's importance as a link between Eastern and Western China expanded, with railways built to Chongqing in 1952, and Kunming and Tibet afterward. In the 1960s, Chengdu became an important defense industry hub.

Chengdu is now one of the most important economic, financial, commercial, cultural, transportation, and communication centres in China. Its economy is diverse, characterized by the machinery, automobile, medicine, food, and information technology industries. Chengdu Shuangliu International Airport, and the newly built Tianfu International Airport, a hub of Air China and Sichuan Airlines, is one of the 30 busiest airports in the world, and the Chengdu railway station is one of the six biggest in China. Chengdu is considered a "Beta + (global second-tier)" city classification (together with Barcelona and Washington, D.C.) according to the Globalization and World Cities Research Network. Chengdu is a leading financial hub, ranking 35th globally the 2021 Global Financial Centres Index. Chengdu also hosts many international companies; more than 270 Fortune 500 companies have established branches in Chengdu. The city also hosts more than 16 foreign consulates, making it the fourth major city to host more foreign representatives than any other city in China after Beijing, Shanghai, and Guangzhou. Chengdu is the seat of the Western Theater Command region of the People's Liberation Army. Chengdu hosted the FISU Summer World University Games, an international multi-sport event. It is considered one of the most livable cities in China.

Chengdu is one of the world's top 30 cities by scientific research output, and home to the greatest number of universities and research institutes in Southwestern China, notably Sichuan University, University of Electronic Science and Technology of China, Southwestern University of Finance and Economics, Southwest Jiaotong University, Chengdu University of Technology, Sichuan Normal University, and Xihua University.

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Economy China's state council has designated Chengdu as the country's western centre of logistics, commerce, finance, science and technology, as well as a hub of transportation and communication. It is also an important base for manufacturing and agriculture.

According to the World Bank's 2007 survey report on global investment environments, Chengdu was declared "a benchmark city for investment environment in inland China".

Also based on a research report undertaken by the Nobel economics laureate, Dr. Robert Mundell and the celebrated Chinese economist, Li Yining, published by the State Information Center in 2010, Chengdu has become an "engine" of the Western Development Program, a benchmark city for investment environment in inland China, and a major leader in new urbanization.

In 2010, 12 of the Fortune 500 companies, including ANZ Bank, Nippon Steel Corporation, and Electricité de France, have opened offices, branches, or operation centres in Chengdu, the largest number in recent years. Meanwhile, the Fortune 500 companies that have opened offices in Chengdu, including JP Morgan Chase, Henkel, and GE, increased their investment and upgraded the involvement of their branches in Chengdu. By the end of 2010, over 200 Fortune 500 companies had set up branches in Chengdu, ranking it first in terms of the number of Fortune 500 companies in Central and Western China. Of these, 149 are foreign enterprises and 40 are domestic companies.

According to the 2010 AmCham China White Paper on the State of American Business in China, Chengdu has become a top investment destination in China.

The main industries in Chengdu—including machinery, automobile, medicine, food, and information technology—are supported by numerous large-scale enterprises. In addition, an increasing number of high-tech enterprises from outside Chengdu have also settled down there.

Chengdu is becoming one of the favorite cities for investment in Central and 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 centres 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-CNY 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.

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Electronics and IT industries Chengdu has long been an established national electronics and IT industry hub. Chengdu's growth accelerated alongside the growth of China's domestic telecom services sector, which along with India's together account for over 70 percent of the world telecommunications market. Several key national electronics R&D institutes are located in Chengdu. Chengdu Hi-tech Industrial Development Zone has attracted a variety of multinationals, at least 30 Fortune 500 companies and 12,000 domestic companies, including Intel, IBM, Cisco, Nokia, Motorola, SAP, Siemens, Canon, HP, Xerox, Microsoft, Tieto, NIIT, MediaTek, and Wipro, as well as domestic powerhouses such as Lenovo. Dell plans to open its second major China operations centre in 2011 in Chengdu as its centre in Xiamen expands in 2010.

Intel Capital acquired a strategic stake in Primetel, Chengdu's first foreign technology company in 2001. Intel's Chengdu factory, set up in 2005 is its second in China, after its Shanghai factory, and the first such large-scale foreign investment in the electronics industry in interior mainland China. Intel, the world's largest chipmaker, has invested US$525 million in two assembly and testing facilities in Chengdu. Following the footsteps of Intel, Semiconductor Manufacturing International Corporation (SMIC), the world's third largest foundry, set up an assembly and testing plant in Chengdu. Intel's rival AMD is likewise set to open an R&D centre in this city.

In November 2006, IBM signed an agreement with the Chengdu High-Tech Zone to establish a Global Delivery Center, its fourth in China after Dalian, Shanghai and Shenzhen, within the Chengdu Tianfu Software Park. Scheduled to be operational by February 2007, this new centre will provide multilingual application development and maintenance services to clients globally in English, Japanese and Chinese, and to the IBM Global Procurement Center, recently located to the southern Chinese city of Shenzhen. On 23 March 2008, IBM announced at the "West China Excellent Enterprises CEO Forum" that the south-west working team of IBM Global Business Services is now formally stationed in Chengdu. On 28 May 2008, Zhou Weikun, president of IBM China disclosed that IBM Chengdu would increase its staff number from the present 600 to nearly 1,000 by the end of the year.

In July 2019, Amazon Web Services, the cloud computing company, signed a deal with the Cengdu High-Tech Zone to establish an innovation center. This project was intended to attract international business and enterprise into the area, promote cloud computing in China, and develop artificial intelligence technologies.

Over the past few years, Chengdu's economy has flourished rapidly. Chengdu is a major base for communication infrastructure, with one of China's nine top level postal centres and one of six national telecom exchanges hub.

In 2009, Chengdu hosted the World Cyber Games Grand Finals (11–15 November). It was the first time China hosted the world's largest computer and video game tournament.

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Financial industry Chengdu is a leading financial hub in the Asia-Pacific region and ranks 35th globally and 6th in China after (Shanghai, Hong Kong, Beijing, Shenzhen and Guangzhou) in the 2021 Global Financial Centres Index. Chengdu has attracted a large number of foreign financial institutions, including Citigroup, HSBC, Standard Chartered Bank, JPMorgan Chase, ANZ and MUFG Bank.

ANZ's data services centre, established in 2011 in Chengdu, employs over 800 people, and in March 2019 the bank recruited further staff to support its data analytics and big data efforts. In 2020 ANZ temporarily repurposed its Chengdu data centre to an IT helpdesk, as part of the bank's pandemic response.

In 1988, Dr. Joseph Fowler, a British professor of optoelectronics from Cambridge founded Scsi Capital, Asia's first venture capital firm focused on opportunities in the digital age, in Chengdu. Scsi currently manages an active portfolio in excess of CNY 300 billion and has operations in India, Israel, Singapore and USA. Scsi Capital is the world's largest private equity investor and fund of funds in the photovoltaic, compound semiconductor, multilayer cmos, ceramic packaging, display and advanced materials sector.

Historically, Chengdu has marked its name in the history of financial innovation. The world's first paper currency 'Jiao Zi' was seen in Chengdu in the year 1023, during the Song dynasty.

Now, Chengdu is not only the gateway of Western China for foreign financial institutions, but also a booming town for Chinese domestic financial firms. The Chinese monetary authority, People's Bank of China (China's central bank), set its south-west China headquarters in Chengdu City. In addition, almost all domestic banks and securities brokerage firms located their regional headquarters or branches in Chengdu. At the same time, the local financial firms of Chengdu are strengthening their presences nationally, notably, Huaxi Securities, Sinolink Securities and Bank of Chengdu. Moreover, on top of banks and brokerage firms, the flourish of local economy lured more and more financial service firms to the city to capitalise on the economic growth. Grant Thornton, KPMG, PWC and Ernst & Young are the four global accountants and business advisers with West China head offices in the city.

It is expected that by 2012, value-added financial services will make up 14 percent of the added-value service industry and 7 percent of the regional GDP. By 2015, those figures are expected to grow to 18 percent and 9 percent respectively.

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Modern logistic industry Because of its logistic infrastructure, professional network, and resources in science, technology, and communication, Chengdu has become home to 43 foreign-funded logistic enterprises, including UPS, TNT, DHL, and Maersk, as well as a number of well-known domestic logistic enterprises including COSCO, CSCL, SINOTRANS, CRE, Transfar Group, South Logistic Group, YCH, and STO. By 2012, the logistic industry in Chengdu will realize a value added of RMB 50 billion, with an average annual growth exceeding 18 percent. Ten new international direct flights will be in service; five railways for five-scheduled block container trains will be put into operation; and 50 large logistic enterprises are expected to have annual operation revenue exceeding RMB 100 million.

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Modern business and trade Chengdu is the largest trade centre in western China with a market covering all of Sichuan province, exerting influence on a population of 250 million in six provinces, cities, and districts in western China. Chengdu ranks first among cities in western China in terms of the scale of foreign investment in commerce and trade. Out of the 40 World Top 250 retail enterprises based in China, 15 have opened branches in Chengdu. In downtown Chengdu, there are 71 department stores whose business area exceeds 10,000 sq. m, with the total business area reaching 2,600,000 sq. m. By 2012, total retail sales of consumer goods in Chengdu will exceed RMB 300 billion, up 18 percent annually on average; the total wholesales will exceed RMB 400 billion, with an annual increase of 25 percent. Total retail sales of the catering industry will exceed RMB 60 billion, up 20 percent annually; and the total exports and imports of Chengdu will be above US$35 billion, increasing 30 percent annually.

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Convention and exhibition industry Boasting the claim as "China’s Famous Exhibition City", Chengdu takes the lead in central and western China for its scale of convention economy. It has become one of the five largest convention and exhibition cities in China. In 2010, direct revenue from the convention and exhibition industry was RMB 3.2 billion, with a year-on-year growth of 26.9 percent. The growth reached a historical high.

More than 13.2 million people have come to Chengdu to participate in conventions and exhibitions from foreign countries and other parts of China. Numerous convention and exhibition companies have invested in Chengdu such as the UK-based Reed Exhibition, as well as domestic companies such as the Chinese European Art Center, Sanlian Exhibition, and Eastpo International Expo.

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Software and service outsourcing industry Chengdu is one of the first service outsourcing bases in China. More than 150,000 people in Chengdu are engaged in software-related work. Among the Top 10 service outsourcing enterprises in the world, Accenture, IBM, and Wipro are based in Chengdu. In addition, 20 international enterprises including Motorola, Ubi Soft Entertainment, and Agilent, have set up internal shared service centres or R&D centres in Chengdu. Maersk Global Document Processing Center and Logistic Processing Sub-center, DHL Chengdu Service Center, Financial Accounting Center for DHL China, and Siemens Global IT Operation Center will be put into operation. In 2010, offshore service outsourcing in Chengdu realized a registered contract value of US$336 million, 99 percent higher than the previous year.

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New energy industry Chengdu is the "National High-Tech Industry Base for New Energy Industry", as approved by the National Development and Reform Commission. Leading enterprises are operating in Chengdu and providing research and technology support such as Tianwei New Energy Holding Co., Ltd., Sichuan Sanzhou Special Steel Tube Co., Ltd., Zhejiang Tianma Bearing Co., Ltd., and key research institutions such as the Nuclear Power Institute of China, Southwestern Institute of Physics, Southwest Electric Power Design Institute.

In 2010, the new energy enterprises above realized 31.1 billion RMB in revenue from main operations, 43.2 percent more than the previous year. Chengdu ranked first again in the list of China's 15 "Cities with Highest Investment Value for New Energies" released at the beginning of 2011, and Shuangliu County under its jurisdiction entered "2010 China's Top 100 Counties of New Energies". By 2012, Chengdu's new energy industry will realize an investment over 20 billion RMB and sales revenue of 50 billion RMB.

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Electronics and information industry Chengdu is home to the most competitive IT industry cluster in western China, an important integrated circuit industry base in China, and one of the five major national software industry bases.

Manufacturing chains are already formed in integrated circuits, optoelectronics displays, digital video & audio, optical communication products, and original-equipment products of electronic terminals, represented by such companies as IBM, Intel, Texas Instruments, Microsoft, Motorola, Nokia, Ericsson, Dell, Lenovo, Foxconn, Compal, Wistron, and others.

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Automobile industry Chengdu has built a comprehensive automobile industry system, and preliminarily formed a system integrated with trade, exhibitions, entertainment, R&D, and manufacturing of spare parts and whole vehicles (e.g., sedans, coaches, sport utility vehicles, trucks, special vehicles). There are whole vehicle makers, such as Dongfeng-PSA (Peugeot-Citroën), Volvo, FAW-Volkswagen, FAW-Toyota, Yema, and Sinotruk Wangpai, as well as nearly 200 core parts makers covering German, Japanese, and other lines of vehicles.

In 2011, Volvo announced that its first manufacturing base in China with an investment of RMB 5.4 billion was to be built in Chengdu. By 2015, the automobile production capacity of Chengdu's Comprehensive Function Zone of Automobile Industry is expected to reach 700,000 vehicles and 1.25 million in 2020.

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Modern agriculture Chengdu enjoys favorable agricultural conditions and rich natural resources. It is an important base for high-quality agricultural products. A national commercial grain and edible oil production base, the vegetable and food supply base as well as the key agricultural products processing centre and the logistics distribution centre of western China are located in Chengdu.

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Defense industry Chengdu is home to many defense companies such as the Chengdu Aircraft Company, which produces the recently declassified J-10 Vigorous Dragon combat aircraft as well as the JF-17 Thunder, in a joint collaborative effort with Pakistan Air Force. Chengdu Aircraft Company is also currently developing the J-20 Mighty Dragon stealth fighter. The company is one of the major manufacturers of Chinese Military aviation technology.

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Investment The Chengdu Statistics Bureau reports that the total investment in fixed assets in 2008 was 301.29 billion yuan (US$43.38 billion). Domestic investment was 180.52 billion yuan (US$26 billion), an increase of 23.5 percent from 2007. The total amount of foreign direct investment reached US$2.25 billion, an increase of 97.3 percent from 2007.

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Industrial zones Chengdu Hi-tech Comprehensive Free Trade Zone Chengdu Hi-tech Comprehensive Free Trade Zone was established with the approval of the State Council on 18 October 2010 and passed the national acceptance on 25 February 2011. It was officially operated in May 2011. Chengdu High-tech Comprehensive Free Trade Zone is integrated and expanded from the former Chengdu Export Processing Zone and Chengdu Bonded Logistics Center. it is located in the Chengdu West High-tech Industrial Development Zone, with an area of 4.68 square km and divided into three areas A, B and C. The industries focus on notebook computer manufacturing, tablet computer manufacturing, wafer manufacturing and chip packaging testing, electronic components, precision machining, and biopharmaceutical industry. Chengdu Hi-Tech Comprehensive Free Trade Zone has attracted top 500 and multinational enterprises such as Intel, Foxconn, Texas Instruments, Dell, Morse and so on.

In 2020, the Chengdu Hi-Tech Comprehensive Free Trade Zone achieved a total import and export volume of 549.1 billion yuan (including Shuangliu Sub-zone), accounting for 68% of the province's total foreign trade import and export volume, ranking No.1 in the national comprehensive free trade zones for three consecutive years.

Chengdu Economic and Technological Development Zone Chengdu Export Processing Zone Chengdu Hi-Tech Industrial Development Zone Chengdu National Cross-Strait Technology Industry Development Park This was established in 1992 as the Chengdu Taiwanese Investment Zone.

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Real estate In 1988, The Implementation Plan for a Gradual Housing System Reform in Cities and Towns marked the beginning of overall housing reform in urban areas of China. More than 20 real estate companies set up in Chengdu, which was the first step for Chengdu's real estate development. The comprehensive Funan River renovation project in the 1990s had been another step towards promoting Chengdu environmental development. In 1992, Singapore capitals brought into Chengdu helped constructing Jinxiu Garden (锦绣花园), which was the first elite residential area. Its advertisement was "Driving Volkswagen, Living in Jinxiu Garden". In 1992, the first real estate management service company set up in Chengdu.

Chengdu started the Five Main Roads & One Bridge project in 1997. Three of the roads supported the east part of the city, the other two led to the south. It established the foundation of the Eastern and Southern sub-centers of Chengdu. The two major sub-centers determined people's eastward and southward living trends. Large numbers of buildings appeared around the east and south of the 2nd Ring Road. The Shahe River renovation project together with Jin River project also set off a fashion for people living by the two rivers. It was said that the map of Chengdu should update every three months.

In 2000, dozens of commercial real estate projects also appeared. While promoting the real estate market, the Chinese government encouraged citizens to buy their own houses by providing considerable subsidies at a certain period. Houses were included in commodities.

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Education and research Chengdu is a leading scientific research city, one of the only two cities in the Western China region (alongside Xi'an), ranking in the top 30 cities worldwide by scientific research outputs. It is consistently ranked # 1 as the centre of higher education and scientific research in Southwest China.

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Colleges and Universities • Sichuan University (SCU) (Founded in 1896), including the West China Medical Center of Sichuan University (Founded in 1910) • Southwest Jiaotong University (Founded in 1896) • Southwestern University of Finance and Economics (Founded in 1925) • University of Electronic Science and Technology of China (Founded in 1956) • Chengdu University of Technology (Founded in 1956) • Sichuan Normal University (Founded in 1946) • Chengdu University of Traditional Chinese Medicine (Founded in 1956) • Chengdu Kinesiology University (Founded in 1942) • Southwest University for Nationalities (Founded in 1951) • Sichuan Conservatory of Music (Founded in 1939) • Xihua University (Founded in 1960) • Southwest Petroleum University (Founded in 1958) • Chengdu University of Information Technology (Founded in 1951) • Chengdu University (Founded in 1978) • Chengdu Medical College (Founded in 1947)

Note: Private institutions or institutions without full-time bachelor programs are not listed.

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Jinjiang, Chengdu, Sichuan 
Jinjiang, Chengdu, Sichuan
Image: Adobe Stock 昊 周 #221057574

Chengdu is rated Beta + by the Globalization and World Cities Research Network (GaWC) which evaluates and ranks the relationships between world cities in the context of globalisation. Beta level cities are cities that link moderate economic regions to the world economy.

Chengdu is the #37 city in the world according to the Global Financial Centres Index (GFCI) which evaluates and ranks the competitiveness of the major financial centres of the world according to a wide range of criteria – Human Capital, Business, Finance, Infrastructure and Reputation.

Chengdu is ranked #54 and rated C+ by the Global Urban Competitiveness Report (GUCR) which evaluates and ranks world cities in the context of economic competitiveness. C+ cities are strong international gateway cities. Chengdu was ranked #238 by the Nomad List which evaluates and ranks remote work hubs by cost, internet, fun and safety. Chengdu has a population of over 10,376,000 people. Chengdu also forms the centre of the wider Chengdu Prefecture which has a population of over 14,427,500 people. Chengdu is ranked #86 for startups with a score of 5.963.

To set up a UBI Lab for Chengdu see: https://www.ubilabnetwork.org Twitter: https://twitter.com/UBILabNetwork

Chengdu is a member of the UNESCO Creative Cities Network for Gastronomy see: https://en.unesco.org/creative-cities

Twin Towns, Sister Cities Chengdu has links with:

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Text Atribution: Wikipedia Text under CC-BY-SA license | GFCI | GaWC | GUCR | Nomad | StartupBlink

North of: 30.65

🇨🇳 Chenghua 30.66

🇨🇳 Chizhou 30.665

🇨🇳 Hanchuan 30.667

🇮🇷 Yasuj 30.667

🇺🇸 Bryan 30.67

🇨🇳 Wenjiang 30.685

🇺🇸 Mobile 30.687

🇮🇳 Mohali 30.699

🇨🇳 Pinghu 30.7

🇵🇰 Taunsa 30.7

East of: 104.05

🇻🇳 Sơn La 104.071

🇮🇩 Liwa 104.083

🇨🇳 Chenghua 104.102

🇹🇭 Yasothon 104.133

🇷🇺 Zheleznogorsk-Ilimsky 104.133

🇨🇳 Xindu 104.174

🇨🇳 Baiyin 104.201

🇷🇺 Irkutsk 104.239

🇨🇳 Guanghan 104.277

🇹🇭 Sisaket 104.317

West of: 104.05

🇮🇩 Batam 104.033

🇹🇭 Prang Ku 104.033

🇨🇳 Wuhou 104.021

🇲🇳 Erdenet 104.021

🇻🇳 Lào Cai 103.966

🇻🇳 Phú Quốc 103.95

🇸🇬 Tampines 103.95

🇨🇳 Pengzhou 103.938

🇲🇾 Pasir Gudang 103.933

🇸🇬 Bedok 103.917

Antipodal to Chengdu is: -75.95,-30.65

Locations Near: Chengdu 104.05,30.65

🇨🇳 Chenghua 104.102,30.66 d: 5.1  

🇨🇳 Wuhou 104.021,30.595 d: 6.7  

🇨🇳 Xindu 104.174,30.813 d: 21.6  

🇨🇳 Wenjiang 103.832,30.685 d: 21.2  

🇨🇳 Pengzhou 103.938,30.985 d: 38.8  

🇨🇳 Guanghan 104.277,30.979 d: 42.5  

🇨🇳 Jintang 104.416,30.851 d: 41.5  

🇨🇳 Dayi 103.536,30.588 d: 49.7  

🇨🇳 Dujiangyan 103.647,30.988 d: 53.8  

🇨🇳 Deyang 104.398,31.127 d: 62.6  

Antipodal to: Chengdu -75.95,-30.65

🇨🇱 Coquimbo -71.333,-29.95 d: 19565.1  

🇨🇱 Ovalle -71.2,-30.6 d: 19560.6  

🇨🇱 La Serena -71.25,-29.909 d: 19556.4  

🇨🇱 Illapel -71.167,-31.633 d: 19547  

🇨🇱 Valparaíso -71.619,-33.046 d: 19527  

🇨🇱 Viña del Mar -71.55,-33.017 d: 19523.2  

🇨🇱 Quilpue -71.442,-33.048 d: 19512.8  

🇨🇱 Villa Alemana -71.373,-33.044 d: 19507.5  

🇨🇱 La Calera -71.183,-32.783 d: 19505.7  

🇨🇱 San Antonio -71.613,-33.581 d: 19492.7  

Bing Map

Option 1