Chongqing- On May 20, the press conference on Chongqing’s investment promotion work was held. According to the conference, Chongqing had signed a total of 492 projects with a contract value of RMB 295 billion, from January to April this year. Meanwhile, throughout the year, Chongqing will ensure that more than RMB 1 trillion of contracted projects will be signed.
In 2019, Chongqing had signed 2,158 formal contract projects with a contract value of RMB 1.55 trillion, of which foreign capital was USD 9.5 billion. Additionally, Chongqing introduced six Fortune 500 companies and 28 tens of billions of projects. Last year, Chongqing had completed the institutional reform, and the city’s new investment promotion system ushered in a new start.
Since the outbreak of the COVID-19 this year, Chongqing kept striving to develop investment while ensuring the epidemic prevention and control at the same time, actively promoting online management, online service, and online new business models. In the first quarter, more than 20 online investment signing activities were held, which effectively overcame the adverse effects of the epidemic.
Among all contracted projects, in the first four months, there were 247 industrial projects, with a contract value of RMB 140.2 billion, and the paid-in investment for projects was RMB 46.9 billion, an increase of 7.1% year-on-year. According to data from the first four months, the number of signed projects increased, but the total contract value decreased. Among them, industrial project contracts increased, which means that industrial enterprises have confidence in the development of Chongqing.
Moreover, Chongqing will focus on Core Screen Network and Cloud Computing for this year, highlighting ten key directions for investment, including the new generation of information technology, new infrastructure construction, high-end equipment manufacturing, new materials, bio-industry, new energy vehicles, green environmental protection, digital creativity, new consumption, and large scientific installations. At the same time, Chongqing will strive to introduce 40 new central enterprise projects, sign more than 500 private enterprise projects, through central import enterprises, private companies, and foreign enterprises to Chongqing, striving to achieve more than 50 new foreign investment projects.
To support the Chengdu-Chongqing Economic Circle, Chongqing will cooperate with Sichuan in the field of investment promotion, co-introduction of projects, co-construction of parks, co-organizing thematic forums, and jointly creating new IP for investment attraction.
Chongqing is building a big data platform for investment promotion and actively applying big data intelligent technology to improve the ability to attract investment. Besides, Chongqing will develop and promote diversified investment entities and models by data aggregation, resource collection, and investment optimization. In this way, it will improve investment efficiency, service efficiency, and project efficiency.
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