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Liangjiang's economic performance in 2016-2020

Updated: 2021-01-29

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From 2016 to 2020, Liangjiang New Area in Southwest China's Chongqing municipality has seen a GDP growth rate of 7 percent, ranking first in the city.

Since 2016, Liangjiang has been devoted to turning high-speed economic growth into high-quality economic development. Liangjiang's GDP accounted for 15 percent of the city's total GDP over the past five years. In comparison, the new area's total output value of industries above a designated size was 20.7 percent, total retail sales of consumer goods were 12.6 percent, general public budget revenue was 13.8 percent, and taxation was 17.1 percent.

Since the beginning of 2020, Liangjiang successfully stopped the local spread of the novel coronavirus in 20 days and signed 28 cooperation agreements with Sichuan province's Tianfu New Area, Guang'an city and Yibin city. It also introduced 13 universities and institutions to Liangjiang Cooperative Zone.

Last year, Liangjiang's attracted investment ranked first in Chongqing for the second year, the actually utilized foreign capital reached $3.2 billion and the digital economy increased by 33 percent compared with 2019. Also, Liangjiang had 333 days with excellent or good air quality – a new record since 2013.

This year, Liangjiang will improve services for innovative talents, promote the development of modern service clusters, accelerate the growth of intelligent industries, become an opening-up highland, improve the business environment and enhance the city's governance ability.

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