Chongqing develops emerging industry

Engineers work at Chongqing Fuling Shell Gas Plant. [Photo/ Xinhua]

Automobiles manufactured by the New Energy Vehicle Industry Development Company [Photo/ Tang Hao]

The shale gas booster station in Fuliang, Chongqing [Photo/ Xinhua]

Chongqing achieved 166 billion yuan of output in its ten strategic emerging industries in 2015, accounting for 30 percent of its overall industrial output value.

The municipality aims to form 10 industrial clusters of over 100 billion yuan by 2020. The ten emerging industries were selected based on industrial and technological trends.

The ten emerging industries are the Internet of things, robots and smart appliances, new materials, high-end transportation equipment, new energy vehicles and smart automobiles, MDI and chemical new materials, shale gas, biological medicine, and the environmental protection industry.

Orders for the Chongqing Huashu robots have increased from 30 to 70 per month since production began six months ago.

The shale gas industry also had rapid development. By the end of last year, the Fuling Shale Gas Field had begun operation with an annual production capacity of 50 trillion cubic meters.

The gas will not only be consumed by locals but will be sold to middle and western parts of China. The company can produce over 15 million cubic meters of shale gas, enough for the daily gas consumption of 30 million families.

In 2015, the ten emerging industries had an annual output of 166 billion yuan, 30 percent of the city’s industrial growth.

Chongqing also launched an equity fund for investment of 80 billion yuan into strategic emerging industries that have promoted major projects. By the end of last year, the fund had a scale of 10 billion yuan and had attracted further investment of 70 billion yuan.