From 2016 to 2020, Liangjiang New Area in Southwest China's Chongqing municipality has seen a GDP growth rate of 7 percent, ranking first in the city.
The business environment in China continues to improve, and the actually utilized foreign capital in Chongqing was $10 billion in 2020.
The municipality of Chongqing in Southwest China will invest 3 billion yuan ($463.91 million) to upgrade 16 km of land in the core area of the Liangjiang New area, at the intersection of the Yangtze River and the Jialing River.
Located where the Yangtze and Jialing rivers converge, the site used for the new area was occupied 10 years ago by numerous hillside homes and large areas of farmland. Now, gleaming skyscrapers shed light on the rivers day and night.
Chinese tech giant Lenovo Group Ltd is stepping up its push to tap into emerging high-technology opportunities in the nation's southwestern region via its 5G headquarters in Chongqing.
The construction of Western (Chongqing) Science City is in high gear as the municipality has mobilized all needed resources to build the city into a national scientific innovation center.
Singapore's Global Logistic Properties Ltd recently signed an agreement with the Liangjiang New Area to form a financial technology RMB investment fund.
Southwest China's Chongqing municipality and Sichuan province recently reached an agreement to launch 31 major projects, with a total investment of 556.3 billion yuan ($79.57 billion), to boost the development of the Chengdu-Chongqing economic circle.
Three innovative service trade practices in Liangjiang were recently honored by the State Council, including a dedicated channel for international internet data, the sea-rail intermodal transport system and bill of lading trading for railway shipments.
The PKU Chongqing Huiyong Collaborative Innovation R&D Center, co-built by Chongqing Huiyong Applied Technology Research Institute Co and Peking University, was unveiled in Liangjiang New Area on July 28.