Liangjiang's 13th Five-Year Plan set to lead GDP growth

The Liangjiang New Area has set its development goal in its newly released 13th Five-Year Plan for 2015-2020. The goal is to maintain a rapid GDP growth rate within this period and exceed Chongqing’s economic growth rate by 30% by the end of 2020. It also aims to quadruple its gross regional domestic production from 2010-2020.

The 13th Five Year Plan of China is the essence of the country’s national economic plan during 2015-2020. It is a long-term plan for China’s important construction projects and productivity distribution.

The Liangjiang New Area doubled its major economic indicators within the 12th Five-Year Period with total foreign investment in actual use reaching $18.3 billion, domestic investment volume amounting to $510.5 billion and total foreign trade volume reaching 142.2 billion. In that period the Liangjiang New Area attracted 129 fortune 500 firms to reside in the area, half of the top 500 companies that settled down in Chongqing during those years.

The development force of the Liangjiang New Area comes from the “311”industrial system. “Three” refers to its three pillar industries of auto manufacturing, electronic information and equipment manufacturing. The first “one” means ten emerging strategic manufacturing industries and the second means ten strategic new service industries.