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Global Sourcing Summit Reveals Plans for 5.7-Square Kilometer Software City

Strategic Insights

— 1 min read

The sixth annual Global Sourcing Summit in China revealed plans for a massive 5.7-square kilometer software city, scheduled to be built over the coming years. The city, located in the Xi'an software park, aims to host over 200,000 global IT entrepreneurs, offering a unique opportunity for businesses to relocate and cut costs or launch their operations in the Chinese market.

Xi'an's software park, directed by Zigeng Wang, boasts a high concentration of engineers and a low cost of living, making it an attractive location for businesses seeking value. Wang emphasized that the Chinese economy's scale and growth present opportunities for global entrepreneurs, both as suppliers and consumers of IT services. The Xi'an software park aims to be the gateway for entrepreneurs to access the dynamic Chinese market.

Key Takeaways:

  • A 5.7-square kilometer software city is being built over the coming years in the Xi'an software park, China.
  • The software city will invest over 100 billion RBM in state-of-the-art information technology and eco-friendly design.
  • The park aims to host over 200,000 global IT entrepreneurs.
  • Xi'an's unique combination of a high concentration of engineers and low cost of living provides an unequaled opportunity for businesses seeking value.
  • The Chinese economy's scale and growth present opportunities for global entrepreneurs as both suppliers and consumers of IT services.
  • The Xi'an software park will serve as the gateway for entrepreneurs to access the dynamic Chinese market.
  • The software city is expected to attract more global business in the wake of the financial crisis.
  • Companies are focused on finding value now more than ever, according to Zigeng Wang, director of the Xi'an software park.

Statistics:

  • 5.7 square kilometers: The size of the software city to be built in Xi'an.
  • 100+ billion RBM: The investment for the software city.
  • 200,000+: The number of global IT entrepreneurs expected to be hosted by the software city.
  • Over 100 billion RBM: The cost of the software city's infrastructure.

Sources:

  • "Global Sourcing Summit Reveals Plans for China's Software City" by Computer Weekly News editors. Copyright 2010, Computer Weekly News via VerticalNews.com.

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