Private firms generate 333.75b yuan of output in Jan-Sept|Updated: 2023-11-01


Office buildings in Liangjiang New Area. [Photo/WeChat account of Liangjiang New Area]

From January to September this year, Liangjiang New Area's private economy achieved an output of 333.75 billion yuan ($46.49 billion), a year-on-year increase of 12.9 percent.

Liangjiang New Area is located in Southwest China's Chongqing municipality, and since July, it has released 20 measures to promote the high-quality development of the private economy.

For example, Probro (Chongqing) Biotechnology Co, located in the Shuitu New City, is a technology company that specializes in organoid scientific research and clinical applications. By utilizing core technologies, it aims to provide precise and individualized treatment for cancer patients, establish new targets for anti-tumor targeted drugs, and discover new anti-tumor drugs.

"In recent times, we have been discussing cooperation with several hospitals and medical examination centers. We have already confirmed a partnership with one hospital and a medical examination center, and we expect to finalize other ongoing cooperation agreements soon," revealed Jiang Xin, the CEO of Probro.

Probro previously faced challenges in business expansion due to various factors in the market. However, recently, governments at both the municipal and district levels have continuously increased support for private enterprises by organizing communication or cooperation meetings between upstream and downstream companies, helping market entities to interact more effectively.

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