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Chongqing Liangjiang New Area

Updated: 2017-02-16

By Wang Yifei, chinadaily.com.cn

Liangjiang New Area’s Administrative Committee will guide seven counties, including Yuzui Town, Fusheng Town, Guojiatuo Subdistrict in Jiangbei District, Longxing Town, Shichuan Town in Yubei District, and seven towns in Beipei District,with a total area of 44 square kilometers.

Liangjiang New Area will be in charge of the economic development of Chongqing Bonded Tariff Group, Chongqing Jiangbeizui Investment Group, Chongqing Yuelai Investment Group, Guoyuan Port and Cuntan Port of Chongqing Port Logistics Group.

Jiangbei District, Beipei District and Yubei District are in charge of the regions’ social affairs and other administrative issues.

Liangjiang New Area administers 11 companies. They are Liangjiang Group, Liangjiang Bonded Tariff Port Group, Jiangbeizui Investment Group, Yuelai Investment Group, Yufu Company, Longxing Company, Shuitu Company, Cloud Computing Company, Liangjiang Financial Company, Liangjiang Aviation Industry Investment Group.

Yufu, Longxing and Shuitu Industrial Areas are administrated jointly by Liangjiang New Area and Jiangbei, Yubei and Beipei districts according to their capital input of 55:45.

Liangjiang New Area has five strategic advantages. It is the first national-level new area in inland China, and the biggest tariff bonded area with the largest imports and exports in inland China. It is a national transportation hub that combines water, road and air. It is also an important area for the China-Singapore (Chongqing) Strategic Initiative on Connectivity. It also plans to apply for free trade zone status.

Liangjiang New Area has two areas: an urban core area and an urban development area. It is an important battlefield for Chongqing’s opening up, reform, manufacturing and services.

 

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