In the first half of this year, Liangjiang New Area achieved a 3.4 percent year-on-year growth in strategic emerging industries.

Strategic emerging industries include new energy vehicles, energy conservation and environmental protection, aerospace, biomedicine, high-end equipment, new materials, and digital economy. Among them, biomedicine, digital economy, and aerospace have become the three major growth engines.

The biomedicine sector realized a year-on-year growth of 17.5 percent in the first half of this year with milestones achieved by some key industry participants. For instance, Chongqing Xishan Science & Technology Co, an industry leader in surgical power devices, debuted on the Sci-Tech Innovation Board Market of the Shanghai Stock Exchange. It is the second Liangjiang-based enterprise listed on the market, following SWS Hemodialysis Care Co's initial public offering last year.

Chongqing Xishan Science & Technology Co is listed on the Sci-Tech Innovation Board Market of the Shanghai Stock Exchange in June. [Photo/Xishan]

To bolster the biomedicine sector, Liangjiang is building the Liangjiang Life Science and Technology City to nurture three industrial clusters for medical devices, biological products, and chemical preparations and to establish industrial systems for new Chinese medicine, new services, and new medical care.

In the digital economy, the new area accounts for about one-third of Chongqing's total added value. The software and information services sector is a highlight. Since the "Full of Stars" action plan was issued by the municipality government to expand the software and information service industry last year, Liangjiang has seen rapid growth in the industry. Liangjiang's software and information services sector saw more than 7.7 billion yuan ($1.08 billion) in revenue, 299,000 square meters of new office space, 829 new enterprises, and 15,000 new employees.

The Liangjiang Digital Economy Industrial Park.[Photo/Lan Tian]

In the satellite internet industry, the presence of leading enterprises along the industrial chain have helped the new area establish a complete supply chain. For instance, the "rockets + satellites" industrial chain in the aerospace sector, the "manufacturing + operation + service" industrial chain in the aviation sector, and the "machine + components" industrial chain in the power sector provide solid support for industry growth.

Strategic emerging industries are perceived as key areas for development and the formation of competitive advantages. An action plan exclusively for strategic emerging industries was issued by Liangjiang last year to accelerate the development of industry clusters. According to the plan, strategic emerging industries should account for about 25 percent of the area’s GDP, and enterprises above designated size in such industries should scale up and surpass 600 billion yuan in revenue by 2025.