By Yuling Chen, EDITOR

In October 2018, Chongqing launched the program of 2019 Major Municipal-Level Projects Declaration. After several rounds of review and discussion, the List of 2019 Major Municipal-Level Projects finally came into being.

The north-east half of Chongqing's Loop Line starts to operate on a trial basis on December 28, 2019. (Photo by Luo Bin)

“These projects can consistently empower the city’s economy to grow steadily,” said Dai Ming, a member of the Party Leadership Group and the Deputy Director of Chongqing Development and Reform Commission. He added that these major projects could be divided into two categories: the ones undergoing construction or preliminary planning research.

The former enjoys 741 short-term investment projects with the fund of RMB 2.2 trillion. The latter has 217 long-term investment projects with the fund of RMB 1 trillion. According to Dai, the two jointly lay the foundation for strengthening continuous investment.

Compared to 2018, the number of projects undergoing construction and preliminary planning research increase by 6.3% and 29% respectively. To-be-realized investment in 2019 for major projects of infrastructure and industrial facilities accounts for over 70% of that for all long-term investment projects. It actually plays the main role during the process.

Tencent Cloud Will Establish the Scientific Innovation Center in Qijiang Industrial Park

On February 28, Qijiang District witnessed the contract-signing, commencement or production of 77 projects. They work on big data, smart technology, high-end metallic material, green prefabricated construction industrial base, etc.

Specifically, 29 projects achieved centralized signing up, which plan to attract investment of RMB 35.68 billion. 26 projects commenced constructions together, with the total investment of RMB 11.78 billion. 22 projects commenced their operation at the same time, with the total investment of RMB 5.14 billion.

It is worth noting that the largest project comes from Tencent Cloud. It is in Qijiang Industrial Park with a total investment of RMB 10.3 billion. Moreover, the production value of the project is supposed to reach RMB 30 billion and tax revenue RMB 600 million.

Qijiang Industrial Park will work with Tencent in intelligent manufacturing and the industrial Internet. They will facilitate each other on the world’s e-commerce trade platforms for wheel gear, new energy automobiles and accessories, and aluminum for transportation. Additionally, the two parties will introduce cloud services into industrial enterprises and realize coordinated development in AI and mobile application.

Source: Chongqing Daily