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Chongqing Welcomed 207 New Industrial Projects with RMB 114.1 Billion in Jan. to April 2019

May 24,2019 ByXINYI LIICHONGQING

By Xinyi Li, EDITOR

Chongqing witnessed contracts signing of 207 new industrial projects from January to April, with a total investment of RMB 114.108 billion, sources of the  Chongqing Municipal Economic and Information Commission said on 21st May 2019.

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Chongqing welcomes 207 new industrial projects from January to April, which value a total of investment of RMB 114.108 billion

Among them, 24 projects attracted over RMB 1 billion respectively—a total of RMB 80.99 billion, a year-on-year growth of 3.6%. For example, Rising Investments plans to invest RMB 17.5 billion to build China Intelligence Valley, Rising Investments Intelligent Innovation Industrial Park in Nan’an District. Meanwhile, Nanjing Red Sun Co., Ltd. is expected to invest RMB 12.3 billion to establish Red Sun Life Sciences and New Materials Industrial Park in Changshou District. Moreover, EMAG Group is supposed to invest RMB 6.18 billion to set up EMAG Machine Tools Final Assembly and Integration Base in Liangjiang New Area. Glory Medical Co., Ltd. is likely to invest RMB 5.33 billion to construct Glory Medical Healthcare Industrial Park in Hechuan District.

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These new projects mainly come to key industries like electronics, automobile, and software

These new projects mainly come to key industries like electronics, automobile, and software. In 2019, Chongqing focuses on investment attraction through major projects, and supplement and improvement of industrial chains, to promote settlement of new projects and advance the development of projects under construction.

According to data, during the four months, 152 major projects of the city completed output of RMB 31.9 billion. 73 of them have either been put into production or reached design capacity, realizing stable production, increased efficiency, and yield.

Source: Chongqing Daily News

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