On October 23, the Chongqing Investment Promotion Bureau issued the city’s investment promotion data for the first three quarters. The data show that the total value of contracts officially signed in Chongqing from January to September exceeded RMB one trillion.
Chongqing Investment Promotion Bureau.
In the first three quarters, by virtue of the 2019 Smart China Expo and the 2nd Western China International Fair for Investment and Trade, Chongqing has yielded fruitful results in investment attraction. Districts and counties, including Liangjiang New Area, Chongqing Xiyong Micro-electronics Industrial Park, and Wansheng Economic and Technological Development Zone, have attracted more than 1,300 projects, with the value of officially signed contracts exceeding RMB one trillion.
RMB 840 billion, 82.3% of the total, belongs to the metropolitan circles in the main urban area, which continues playing a role as the dominant force. RMB 130 billion and RMB 43 billion are completed respectively by the town clusters at the Three Gorges Reservoir Region in Northeast Chongqing and the town clusters of Wuling mountainous area in the southeast area.
Investment attraction in industries has achieved remarkable results, with the secondary and tertiary sectors completing 50.3% and 47.5% respectively of the total signed contracts. Among those projects, about 200 are of RMB over one billion. Their value is more than RMB 810 billion, which accounts for 79.3% of the total, showing the significant supporting role of major projects.
Investment attraction in industries has achieved remarkable results, with the secondary and tertiary sectors completing 50.3% and 47.5%, respectively.
In addition, heads of all districts, counties, and Party and government organizations take the lead in attracting investment and holding industry promotion conferences and meet-and-greet conferences outside the city, creating a pleasant atmosphere for investment attraction.
Source: Cqnews