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Brief introduction to Liangjiang New Area

Updated: 2021-03-12

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Brief introduction to Liangjiang New Area

Liangjiang New Area is China's first inland national-level new area. It covers an area of 1,200 square kilometers, including regions of Jiangbei, Yubei and Beibei districts. Liangjiang's permanent resident population was 2.7 million people in 2020.

The new area is accelerating the construction of an inland gateway for opening-up and an intelligent city, striving to become a leading area for high-quality development and a demonstration area for high-quality living.

Liangjiang has formed two 100-billion-yuan-level ($15.46 billion) pillar industries out of the automobile and electronic information sectors. It has also created several emerging industrial clusters focused on equipment manufacturing and biomedicine, as well as a service industry system supported by finance, logistics, the service trade, commerce, tourism and expos.

Liangjiang's open economy development ranks among the top in Chongqing. By developing opening-up platforms such as Guoyuan Port, Lianglu Cuntan Free Trade Port Area, Chongqing International Expo Center, Jiangbeizui central business district and Cuntan International New Town, Liangjiang is home to half of Chongqing's Fortune Global 500 companies and has contributed to two-thirds of Chongqing's cross-border e-commerce trade.

The area has also seen significant achievements in big data and intellectualization development by constructing Liangjiang Coordinative Zone, Lijia Intelligent Park and Liangjiang Digital Economy Industrial Park. It has attracted 320 R&D platforms above the municipal level, 40 incubators for innovation and startups, 507 high-tech enterprises and 2,219 scientific and technological enterprises.

In 2020, areas directly administered by Liangjiang had a GDP of 197 billion yuan, increasing 7 percent year-on-year. The total output value of industrial companies above a designated size – those with annual sales of 20 million yuan or more – was 358.3 billion yuan, rising 15.7 percent year-on-year.

The total retail sales amount of consumer goods was 58.2 billion yuan, increasing 2 percent year-on-year, and the used foreign investment was $3 billion, rising 6.3 percent year-on-year.

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