'Right time to invest in Chengdu'
It is the right time to invest in Chengdu , the capital city of Sichuan province that will soon host the 2013 Global Fortune Forum , city officials told Singaporean business representatives last month .
Shenzhen Investment Ltd., a company backed by the namesake Chinese city, will buy land there from shareholder Shum Yip Group Ltd. for 4.15 billion yuan in stock, as it plans mixed-use projects.