A truck leaves Chongqing Fuling Comprehensive Bonded Zone in southwest China's Chongqing Municipality, Dec. 4, 2023. (Photo/Xinhua)

The Chongqing Fuling Comprehensive Bonded Zone received approval from the State Council for establishment in October 2018 and began operations in December 2019.

It is Chongqing's fourth comprehensive bonded zone, covering a planned area of 2.7 square kilometers. In January 2024, it was incorporated into the Chongqing Fuling High-tech Industrial Development Zone.

The high-tech industrial development zone, which has a planned area of 75 square kilometers, boasts 15 national-level honors, including the national demonstration area for transformation and upgrading along the Yangtze River Economic Belt and the national demonstration base for new industrialization.

Additionally, it holds ten municipal-level titles, such as Chongqing Demonstration Park for industrial transfer and Chongqing Demonstration Zone for cross-border e-commerce. Currently, it is in the process of becoming a national economic and technological development zone and a national high-tech industrial development zone.

The high-tech industrial development zone has established four leading industries: equipment manufacturing, pharmaceuticals and food, new materials, and electronic information. It hosts over 400 enterprises, including 108 industrial enterprises above the designated size, and has cultivated four enterprises with a valuation of over 10 billion yuan ($1.38 billion) each.

It features 37 smart factories and digital workshops, and four national-level green factories. Additionally, it is a national-level green industrial park and the first 100-billion-yuan-level park outside Chongqing's downtown area.

The high-tech industrial development zone is home to 127 high-tech enterprises and has established 93 municipal-level or higher R&D institutions. It hosts 18 foreign-funded enterprises and over 20 enterprises that have relocated from eastern regions. The average annual import and export value of the Chongqing Fuling Comprehensive Bonded Zone is 12 billion yuan.

The high-tech zone aims to create industry clusters for new energy vehicle power batteries and lightweight components, equipment manufacturing, and modern Chinese medicine and bio-pharmaceuticals while accelerating the development of an innovative industrial park.

It will enhance three significant functions: bonded processing, logistics, and services. It is committed to becoming a major open port in the upper reaches of the Yangtze River and accelerating the construction of a significant import-export processing base in the Chengdu-Chongqing economic circle and a unique service trade demonstration base in western China.

By 2027, the high-tech industrial development zone aims to achieve a regional GDP exceeding 100 billion yuan, an industrial added value of enterprises above the designated size surpassing 80 billion yuan, a total industrial output value exceeding 260 billion yuan, and at least 200 high-tech enterprises, with R&D expenditure accounting for 5.5 percent of the total revenue.

(Qi Xiaofang, as an intern, also contributed to this article.)