Chongqing — On January 18, Yubei District in Chongqing saw the Start-up & Completion and Commissioning of Major Investment Attraction Projects in Q1 2021. The related 24 projects involve intelligent manufacturing, intelligent terminals, software, and information services, among others, with a contract investment of 20.5 billion yuan (about 3.17 billion U.S. dollars).

On January 18, Yubei District in Chongqing saw the Start-up & Completion and Commissioning of Major Investment Attraction Projects in Q1 2021.

"Yubei is now hammering at developing the Five 100-billion-level Industrial Clusters of intelligent terminals, software, and information services, Liangjiang International Business Center, the modern consumption corridor, and the aviation logistics park. At the event site, Tan Qing, Head of Yubei District, said that the 24 projects started, completed, and put into service this time are the first projects of the 14th Five-Year Plan. After reaching the designed production capacity, the output value is expected to increase by 12.2 billion yuan, which will further accelerate the optimization and upgrading of industrial structure, and prompt the high-quality economic development in Yubei.

"I didn't expect that the work efficiency was so high that I could start building the factory soon after signing the contract." Yang Xu, Chairman of Chongqing Oupan Technology Development Co., Ltd., said at the start-up event that the company will build the Yubei factory into a new modern enterprise integrating high-end plastic parts manufacturing in the household appliances and automobiles, complete machine manufacturing of personalized intelligent household appliances, and mold R&D and manufacturing.

In recent years, Yubei has emphasized both the start-up and commissioning of projects to further catalyze the development of enterprise clusters and industry chains & clusters. Tan Qing introduced that in 2020, Yubei signed 125 new projects with a formal contract value of 88.2 billion yuan. Its annual GDP is expected to top 200 billion yuan, a year-on-year increase of about 4%.