Chongqing- A total of 71 major projects about big data and smart technology were signed on September 16 with a contractual investment of 271.2 billion yuan (about USD 40.1 billion), according to the organizing committee of the Smart China Expo Online. The average investment volume per project reached 3.8 billion yuan, increased by nearly 50% over the previous expo.

The contracted projects involved smart manufacturing, smart applications, smart medical care, new materials, technological innovation, and other fields, not only related to new infrastructure, new elements, but also new business forms and platforms. Companies participating in the signing ceremony included China Electric Power, China General Technology, Alibaba, Tencent, IBM, and BASF.

Chongqing is building the Smart China Expo as an important investment attraction brand and cooperation and exchange platform in the field of big data and smart technology. In the last two editions, more than 1,000 projects have reached a consensus on cooperation, 70% of which have been implemented. Implementing these projects will further accelerate the development of the city’s digital industrialization and industrial digitalization and promote the modern industrial system. Moreover, it will encourage Chongqing to build itself into a smart manufacturing powerhouse and renowned smart city to serve the construction of the Chengdu-Chongqing Economic Circle.