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Chongqing Wanzhou Economic and Technological Development Zone

By TAN XINYU|Mar 28,2024

The Gaofeng Park of the Chongqing Wanzhou Economic and Technological Development Zone (Photo/wz.gov.cn/jkq/wzjkq/)

Chongqing Wanzhou Economic and Technological Development Zone is the only national-level development zone in the northeast of Chongqing. It has been listed as an innovation zone interconnected with the China (Chongqing) Pilot Free Trade Zone. It is also designated as one of the second batch of demonstration parks of industrial cooperation within the Chengdu-Chongqing economic circle.

The Zone includes five parks: Gaofeng Park, Tianzi Park, Wuqiao Park, Jiulong Park, and Xintian Park. Its planned development area is 69.56 square kilometers.

It possesses industrial development platforms, including a comprehensive bonded zone, a port industrial park, a chemical park, and innovation incubation platforms, such as a science and technology innovation center and a co-working space.

Chongqing Wanzhou Economic and Technological Development Zone focuses on five key industries: advanced materials, food processing, equipment manufacturing, pharmaceuticals and chemicals, and new energy. 

It has attracted companies on the list of Fortune Global 500 and Fortune China 500, such as China National Building Material Group, China State Shipbuilding Corporation, China Grain Reserves Group, Schneider Electric, and GD Copper, as well as some leading enterprises, such as Bosai Group, Chongqing Changan Kuayue Automobile, Chongqing Xiangyu Salt Chemical Corporation, NVC Lighting, and Pak Lighting. The Zone is accelerating the formation of multiple 10-billion-yuan-level industrial clusters and key enterprises.

The zone is home to more than 620 companies, including 117 industrial enterprises above the designated size. In 2023, the output value of industrial enterprises above the designated size reached 54.7 billion yuan ($7.57 billion), an increase of 26.7 percent compared to the previous year. Fixed asset investment amounted to 9.44 billion yuan, marking a 31.3 percent year-on-year increase. The industrial enterprises above the designated size achieved a profit of 4 billion yuan, representing a growth of 38 percent year on year.

Industrial enterprises above the designated size refer to those with annual revenue from the principal business over 20 million yuan.

This article is updated on March 27, 2024.

(Ren Xiaoyu, as an intern, also contributed to this article.)


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