Deals worth $2.75b inked by Liangjiang

The 13th China Hi-Tech Fair and the 9th China International Exhibition of Military and Civil Technologies takes place in Chongqing, Southwest China, on June 21. [Photo provided to chinadaily.com.cn]

Chongqing's Liangjiang New Area signed 67 projects worth over 18 billion yuan ($2.75 billion) at the China International Exhibition of Military and Civil Technologies on June 21.

These projects will inject life into Liangjiang's high-quality development in a wide range of key sectors, including smart manufacturing, the service industry, artificial intelligence (AI) and the digital economy.

The digital economy, in particular, was a highly valued sector during the high-tech expo. With a total investment of four billion yuan ($0.6 billion), ZBJ.com, China's largest crowd-sourcing platform, will set up a financial center in Liangjiang New Area.

The joint project will mainly engage in commercial factoring, small loans, insurance management and financial information.

Beijing NetPosa Technologies Co also plans to invest 1.3 billion yuan and build its AI headquarters in Liangjiang. Upon completion, it will make Chongqing a national R&D hub for AI services, big data, cloud computing and smart robots.

Besides, a great many modern service programs will land in Liangjiang New Area in the near future, empowering the local government to forge an ideal environment for business and living.

As the national new area for development and opening-up, Liangjiang will ramp up efforts to partner with more industry giants and build up a preferred investment destination and a global innovation center along the upper reaches of the Yangtze River, according to the Liangjiang Technology Innovation Department.