Liangjiang's GDP growth ranks first in Chongqing

During the first three quarters of this year, Liangjiang New Area in Southwest China's Chongqing has seen year-on-year GDP growth of 6.7 percent, ranking first in the municipality.

Also, Liangjiang's added value of industries above a designated sized had a growth rate of 12.1 percent, while the actually utilized foreign capital was $2.12 billion, the full-scale taxation was 28.8 billion yuan ($4.3 billion) and the value amount of investment contracts was 107.2 billion yuan, all first-place rankings in Chongqing.

Meanwhile, the automobile industry's output value increased by 20.5 percent year-on-year, and the electronic industry realized an output value of 125.4 billion yuan in Liangjiang.

The yield of Liangjiang's tablet computer production increased by 28 percent year-on-year, while the output volume of new display panels exceeded 130 million pieces, demonstrating that Liangjiang's electronic industry is moving towards the middle and high-end of the value chain.

It is estimated that during the first three quarters, Liangjiang achieved a total import and export volume of 15.3 billion yuan, a year-on-year increase of 11 percent, and cross-border e-commerce transactions reached 2.96 billion yuan, a year-on-year increase of 25 percent, ranking first in Chongqing.

Riding the wave of digital economy development, Liangjiang is working hard to develop the online economy, including online business, online services and online management. Statistics show that during the first three quarters of 2020, the total retail sales volume of consumer goods in Liangjiang was 5.7 percentage points higher than the first half of the year.

Moreover, the information services industry's business income increased by 85.5 percent year-on-year, and online sales increased by 1.2 times the same period last year.