The latest official statistics showed that the number of the high-tech enterprises this year in the Liangjiang New Area – located in Southwest China's Chongqing municipality – is three times more than that in 2016.

Liangjiang is currently home to more than 5,000 sci-tech innovation companies and has formed industrial clusters in the fields of new energy vehicles or NEVs, electronics, equipment manufacturing, and life and health.

As the first State-level inland open new area in China, Liangjiang contributes around 15 percent of Chongqing's total GDP each year, some 20 percent of the municipality's output from industries above a designated size, 30 percent of exports and imports, 40 percent of service trade volume, 60 percent of automobile output and 70 percent of cross-border e-commerce transactions.

The new area is currently gearing up to upgrade in six specific areas – industrial development, sci-tech innovation, reforms and opening-up, regional coordination, city construction and social governance.

In the first eight months of the year, the new area produced nearly 110,000 NEVs, a whopping year-on-year increase of 342 percent. In addition, a series of campaigns aimed at expanding the scale of local industry, attracting more business entities and companies, increasing innovative elements and enhancing talent cultivation have also been rolled out in Liangjiang.

What's more, the in-depth integration among industries, universities and research institutions is said to characterize Liangjiang's industrial transformation. There are in total 49 leading domestic and international universities and R&D institutes in the Liangjiang Coordinative Innovation Zone.