Jiangbei District Attracted 50 billion Investment in 2019

By Peng Li, EDITOR

Jiangbei District of Chongqing has achieved remarkable results in the first stage of investment promotion this year. On April 2, the Investment Promotion 2019 & Signing Ceremony of Major Investment Projects kicked off in the district. With 58 projects signed on site, the total investment amount reached nearly 50 billion.

There are nine projects related to big data intelligence, accounting for 15% of the total signed.

The Investment Promotion 2019 & Signing Ceremony of Major Investment Projects

“This result means Jiangbei has made significant progress in boosting high-quality development.” According to the Jiangbei District Investment Promotion Bureau, “However, we have also realized that Jiangbei is facing the problem of transforming and upgrading economic development. And this will increase the difficulty of supply-side structural reform.” The projects include the intelligent upgrading of traditional competitive industries, high-tech projects that can fill the gap in the domestic market such as single photon (array) detectors and Chongqing’s first vaccine data center built by Haier Biomedical. Moreover, there are also projects for intelligent environmental protection and Beidou industrialization, as well as sought-after artificial intelligence.

Consumption is the second category of the signed projects. Since Jiangbei is a major business district in Chongqing, it strives to introduce and develop new models of consumption, to promote the transformation and upgrading of the commercial economy.

The third category goes to the financial and professional services, the advantageous industry of Jiangbei. As the reporter saw, the signed projects cover the fields of the foundation, insurance, commercial factoring and settlement headquarters. Some even involve investment consulting companies and law firms.

“Thanks to the industrial advantages, the excellent team, and the favorable business environment, Jiangbei District can attract those projects to settle down here,” the relevant principle of single photon (array) detectors told the reporter.

The Investment Promotion 2019 & Signing Ceremony of Major Investment Projects

The district stresses the ownership that everyone plays a key role in the business environment, and everything has a vital relation to investment promotion. Meanwhile, it makes innovations in the incentive and appraisal mechanism, to create an atmosphere, in which all of the people in the district spare no efforts to engage in investment promotion.

To optimize the business environment, Jiangbei District has launched the “Acceptance Notwithstanding Temporary Lack of Some Documents”, to realize the innovation in the reform of “administration-streamlining, power delegation-and-regulation combination, and service optimization”. The handling efficiency of the service window, therefore, has doubled. Furthermore, the district has also made a bold trial in the administrative licensing model of allowing a conditional time period according to law. In the meantime, Jiangbei District has also established the system of “three supports, two issue-handling requirements and one visit”. District leaders take the lead in contacting key enterprises to offer accurate services, striving to create a great atmosphere of “protecting, booming and being close to business”.