The Chengdu government released its 14th Five-Year Plan earlier this year, proposing to develop the city as a domestic and international dual circulation hub. Chengdu Tianfu International Airport started operations at the end of June 2021, and Chengdu has become the third city with two international airports in mainland China. It is expected that Chengdu’s competitiveness and regional influence would be further enhanced, favorable for attracting highquality resources from home and abroad.

Several new projects are expected to enter the markets surrounding the traditional urban areas in the near future, which will help mature the suburban retail market.