Chongqing -"The Chengdu-Chongqing economic circle boasts a prime strategic location, robust infrastructure, and a dynamic business environment," stated Harley Seyedin, President of the American Chamber of Commerce in South China. "I believe that this region will prove alluring to foreign investors and the 2,300 members of the American Chamber of Commerce in South China."

On April 26, the Second Chengdu-Chongqing Economic Circle Global Investment Promotion Conference was held in Shenzhen, China. During the conference, Chengdu and Chongqing jointly released the Chengdu-Chongqing Economic Circle 200 Projects Investment Lists and Ten Measures for Collaborative Investment in Chengdu-Chongqing Economic Circle. Additionally, investment projects worth around 1.2 trillion yuan (about USD 137.28 billion) were launched.

Over 130 well-known enterprises, business institutions, and chambers of commerce from ten countries (regions), including the United States, South Korea, Hong Kong, and more, as well as relevant government departments from over 20 cities (districts and counties) in the Sichuan and Chongqing regions, attended the conference. 

More scientific research institutions

According to a person in charge of the Chongqing Municipal Bureau of Investment Promotion and Facilitation, in the future, Sichuan and Chongqing will collaborate to attract high-level universities, scientific research institutions, and innovative enterprises to settle in the region and strive for the implementation of major national science and technology projects, large scientific installations, and national laboratories.

Currently, Sichuan and Chongqing have 12 national-level high-tech zones with a total industrial output value exceeding 2 trillion yuan (about USD 289 billion). The region is home to high-tech innovation platforms such as Western (Chongqing) Science City, Western (Chengdu) Science City, and Mianyang Science and Technology City.

With over 200 colleges and universities, nearly 100 national key laboratories, national engineering technology research centers, and national engineering research centers, the region has over 20,000 high-tech enterprises and 60,000 science and technology enterprises.

As a gathering place for national strategic scientific and technological forces, Chengdu and Chongqing will build a scientific and technological innovation center with global influence that focuses on cutting-edge fields such as artificial intelligence, quantum information, and space life sciences."

Helping the industrialization of construction

The chairman of China Construction Science & Technology Group Co., LTD, Fan Zesen, expressed his eagerness to cooperate with local governments, platform companies, and universities to promote extensive and in-depth cooperation in prefabricated construction, green buildings, urban renewal, and low-carbon city businesses. China Construction Science & Technology Group Co., LTD. established a regional legal person company in Chongqing in 2021 called China Construction Science & Technology Group Western Co., LTD., which collaborated with Chongqing University to create a doctoral workstation and a master's research station. Fan expressed his hope that by 2025, China Construction Science & Technology Group Co., LTD. will take full advantage of the benefits of integrated intelligent construction of industrial integration and help the western region achieve construction industrialization.

The person in charge of Chongqing Municipal Bureau of Investment Promotion and Facilitation stated that they will contact participating companies to form a group of investment reserve projects and establish in-depth cooperation with eight of the world's top 500 companies, such as Sinopharm Group and AstraZeneca, and ten of China's top 500 companies.

In 2022, the regional GDP of Sichuan and Chongqing reached 8.6 trillion yuan, with Foreign Direct Investment accounting for 49.22% of the total investment in the western region. This investment has become a critical part of economic and social development, reform, innovation, and the opening up of the western region.