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Chongqing Sends Positive Signals to Boost Market Confidence丨Press Conference

By ZHAN CHEN|Jan 15,2023

Chongqing- Southwest China's Chongqing Municipality proposed the city's economic growth to achieve over 6% in 2023, which sends positive signals to boost market confidence, said Zhao Baoquan, deputy director of Chongqing Development and Reform Commission, at the press conference on January 14. 

To achieve the goal, Chongqing will put efforts into seven areas, including promoting economic stabilization with a policy package released, striving to sustain the growth of 6%, 10%, and 3% in retail sales, fixed-asset investment, and foreign trade, respectively.  

The press conference about "building the new Chongqing" was held on January 14 during the Chongqing Two Sessions. (Photo/ Chen Zhan)

Building high-quality enterprises with strong competitiveness

Chongqing is a national business environment innovation pilot city, highlighting the private economy and market players, thus enhancing the vitality of market players is crucial. 

Last year, Chongqing has issued a series of policies for market players, including during the COVID-19 pandemic period. 

Data show that, in 2022, the policy has benefited 6.58 million market entities and reduced the burden on enterprises by 150.3 billion yuan. At present, Chongqing has 3.416 million market entities, with the newly developed ones growing by 16.6%.  

Chongqing will concentrate on building high-quality enterprises with strong competitiveness. (Graphics/ Chen Zhan)

Tu Xingyong, deputy director of the Chongqing Municipal Commission of Economy and Information Technology, said that Chongqing will concentrate on building high-quality enterprises with strong competitiveness.

For example, Chongqing should make good use of online platforms and offline services to solve companies' financing problems in a timely and efficient manner.

Next, Chongqing will release over 30 policy documents in investment, finance, consumption, and other 11 sectors, striving to achieve 60% of the added value of the private economy this year. 

500 scenarios of new technology applications by 2027

Chongqing is an important national modern manufacturing base with 31 major categories for now, such as automobiles, electronics, equipment, materials, pharmaceuticals, etc. 

Chongqing proposed that the annual output growth rate of key industries will reach 8% in 2023. (Graphics/ Chen Zhan)

At Chongqing Two Sessions this year, the government work report pointed out that Chongqing will accelerate the construction of a modern industrial system, and put forward the development targets of 8% growth in above-scale industrial added value and over 12% growth in manufacturing investment. 

To this end, Chongqing has to promote high-end, intelligent, and green transformation to increase technological innovation, said Tu. 

The annual output growth rate of key industries should reach 8%, including intelligent and connected new energy vehicles, intelligent terminals, high-end equipment, new materials, biomedicine, and consumer goods. 

In addition, Chongqing needs to promote the digital transformation of the manufacturing industry. It aims to build 50 5G fully connected factories, 50 innovative factories, and 500 scenarios of new technology applications by 2027, striving to reach the national forefront of manufacturing digitalization. 


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