Liangjiang New Area in Southwest China's Chongqing municipality has held an online signing ceremony where it signed 23 key projects with a total investment value of 20.23 billion yuan ($2.86 billion).

It is the eighth online signing ceremony Liangjiang has held this year. During the previous ceremonies, Liangjiang signed a total of 130 projects, attracting 70.13 billion yuan of investment.

The projects involve health care, medical treatment, 5G, internet of things, automobiles, and electronic information, which are all Liangjiang's pillar industries.

The online signing ceremony is one of the measures Liangjiang and entrepreneurs have taken to recover from the impact of COVID-19 outbreak.

In recent years, as a demonstration area of the national new area, Liangjiang has accelerated the development of high-quality and high-tech industrial clusters. It plays a key role in boosting Chongqing's economic growth and economic opening-up.

Liangjiang focuses on innovating industrial chains, promoting the transformation and upgrading of industrial sectors, and replacing traditional growth drivers with new ones through high-quality investment attraction.