The "New Century Global Centre" building (top) is seen standing among several buildings in Chengdu, in southwest China's Sichuan province on June 6, 2013. AFP PHOTO
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At first glance, the concrete skyscraper on the outskirts of Chengdu is just like the others in the city of 20m in China's western hinterland.The biggest draw for investors in Chengdu is its low wages. Chen Bing, deputy head of the Chengdu Investment Promotion Commission, an agency that grants perks to businesses that want to invest, says wages average two-thirds to half of those paid in coastal Chinese hubs.Chengdu's government claims that Apple contractor Foxconn makes one half of the world's iPads in Chengdu – though Foxconn refuses to comment on this claim."Most of the talent here is still in Shanghai, Beijing, and Shenzhen, and increasingly Hangzhou". Out of more than 100 companies he funds, only two or three are in Chengdu.One of Tianfu Park's success stories is Camera 360, a selfie-taking smartphone app that continues to be based in Chengdu after taking the Chinese internet by storm last year. Mr Chen says that the main support they offer are subsidies on office space, in exchange for the promise that when they become profitable companies they remain in Chengdu.
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