Chongqing- Major projects and small and medium-sized enterprises (SMEs) are two factors indispensable to promote industrial development in Chongqing, a megacity with completed industrial categories in SW China. The city is home to 3.122 million market entities, with a year-on-year increase of 7.6% by the end of 2021, from the Chongqing Federation of Industry and Commerce data, while the industrial zone plays a vital supportive role in the industrial developments.
The production lines in Southwest Aluminum are in working order. (iChongqing file photo)
Small and medium-sized enterprises
At the center of Chongqing's automobile and motorcycle supply chain and industry chain, well-known enterprises such as Qingling and Jianshe Yamaha and many SMEs enjoy sound development.
In recent years, it has focused on hydrogen energy and built a complete industry chain from hydrogen production, hydrogen storage, hydrogen transportation, hydrogenation, hydrogen fuel cell, and key components manufacturing to hydrogen energy vehicle manufacturing. A hydrogen energy industry chain and ecosystem have been taking shape.
Analysts believe that SMEs are indispensable in the industry chain and supply chain. As Chongqing seeks to ensure thorough and accurate policy implementation, following a task list of significant problems and difficulties facing market entities brings policy benefits to more of them and stimulates their vitality is also an important measure. As a hub of enterprises and factors, industrial parks can be a focus of efforts.
Chongqing has introduced incentive measures for industrial enterprises showing steady growth and greenlighted and funded the application for technological innovation projects, the participation in research and development, and the development of major new products for various market entities.
On January 13, a car owner charged their vehicle at the Erlang Fast Charging Station in Jiulongpo District. (iChongqing file photo)
Major projects
In addition to the small and medium-sized enterprises, the major projects and key enterprises create the basis of economic development and hold the key to transforming favorable policies into development momentum.
As one of the top 100 enterprises in Chongqing and one of the key high-end equipment manufacturing enterprises in China, Southwest Aluminum (Group) Co., Ltd. is in a position to play an important role in Chongqing's efforts to promote high-quality development and policy implementation in the manufacturing industry.
According to a relevant head, Chongqing has provided strong, efficient, and wide-ranging policy support in recent years. A package of measures such as promoting intelligent transformation, earmarking and putting in place funds for R&D, and promoting technological breakthroughs in core parts and components have been implemented.
Moreover, policy benefits would never change into development momentum by itself. Only by creating a good business environment and ecosystem as a whole can we create the basis for policy implementation and build the regional core competitiveness.
Analysts believe that it is necessary to make two-pronged efforts on the mechanism and business environment. In this regard, Chongqing continues to optimize the business environment, develop smooth communication and coordination mechanisms at all levels, and formulate supporting policies according to local conditions.
Optimizing the business environment needs continuous efforts. According to the municipal government, Chongqing will continue to promote regional high-quality economic development with a first-class business environment and better resource elements.