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Chongqing Liangjiang New Area

Updated: 2017-02-16

By Wang Yifei, chinadaily.com.cn

The Jiangbeizui Financial Center is half constructed and is attracting more and more financial institutions. The Yuelai International Exhibition Center is also expanding its influence.

Liangjiang’s role as a window for inland opening up will be further implemented with the development of cooperation between China, Singapore, and Korea.

Liangjiang has attracted 2,740 business contracts with a value of 1,068 billion yuan, of which $26 billion is foreign capital.

A total of seven automobile giants including Chang’an, Beijing Hyundai and Shanghai GM have manufactured 3.7 billion cars, one million gearboxes, and 4.5 million engines, with a value of 470 billion yuan.

Display panel manufacturers such as BOE and Lebold, electronic terminals such as Hai’er and core supporting companies such as Corning, AT&S and SK are all in Liangjiang, forming a complete information industry system.

Strategic emerging industries such as general aviation, robots and cloud computing have gained rapid development from scratch. Modern service industries including finance and logistics are also developing fast.

Liangjiang New Area’s economy is enjoying sound development. Its GDP increased from 79.8 billion yuan in 2009 to 202 billion yuan in 2015, with an annual increase rate of 18.3 percent. Fixed assets investment increased from 5.29 billion to 19.78 billion yuan.

Its imports and exports increased from $ 3.37 billion to 196.4 billion yuan. The actual inflow of foreign capital increased from $1.26 billion to $4.16 billion.

After five years’ development, Liangjiang New Area has the capacity to attract major projects and better allocate resources.

 

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