According to rough statistics, Chongqing signed 971 formal contracts in the first half of 2020, up 23.2% year-on-year; the contract amount reached RMB 601.7 billion, 60% of the annual target, sourced from the mobilization teleconference of 2020 Chongqing Investment Attraction Season Campaign on July 1. Among them, there were 507 industrial contracts with a contract value of RMB 317.9 billion, up 22%.

In the first half of 2020, Chongqing's paid-in investment reached RMB 100.7 billion, an increase of 52.1%. Of this, the paid-in investment for industrial projects hits RMB 62 billion, an increase of 18.5%.

In the first half of 2020, the district and county leaders of the Party and government in Chongqing went out to visit 427 enterprises, says the relevant person in charge of Chongqing Investment Promotion Bureau. In June alone, these leaders visited 253 enterprises, which further boosted investment attraction in Chongqing.

Since 2020, Chongqing has issued a number of policies to actively optimize the business environment and attract more enterprises to invest in Chongqing.

For example, in mid-June, Chongqing issued Some Measures to Further Make Good Use of Foreign Investment, which put forward 25 measures from five aspects: further opening up to the outside world, further strengthening investment promotion, further optimizing business environment, protecting the legitimate rights and interests of foreign investment, and strengthening organizational guarantee, so as to attract foreign investment into Chongqing.

Many foreign-invested enterprises say the policy has boosted their confidence in Chongqing and they are willing to invest more in the city. Wal-Mart, Continental AG, BAICDYMOS, Chanel, KFC, and other brands have plans to expand investment in Chongqing, according to information of Chongqing Association of Enterprises with Foreign Investment.

Not long ago, China Media Group released the Report on City Business Environment in China 2019, ranking 36 cities in terms of the business environment. Chongqing ranked fifth nationwide, following Beijing, Shanghai, Shenzhen, and Guangzhou.

Starting from the third quarter, Chongqing will carry out the Investment Attraction Season Campaign to catch up with the schedule and the time, and make up for the losses, every month striving to complete a contract amount of more than RMB 100 billion, increase the paid-in investment of over RMB 20 billion, go out to visit 200 enterprises, and complete 80% of the annual investment attraction target by the end of September.