Chongqing- Chongqing secured more than 110 billion yuan (about 15.4 billion U.S. dollars) in new industrial cooperation agreements on November 25, announced at the 2025 China Industrial Transfer & Development Matchmaking Activities (Chongqing).

The China Industrial Transfer & Development Matchmaking Activities (Chongqing) opened in southwest China's Chongqing on November 25, 2025. (Photo/Zheng Ran)

Officials said the 159 newly signed projects span sectors from intelligent connected new-energy vehicles (NEVs) to high-end equipment and the digital economy.

At the opening ceremony, Xie Yuansheng, Vice Minister of China's Ministry of Industry and Information Technology (MIIT), said China's industrial economy remains resilient, noting that total industrial value added reached 40.5 trillion yuan in 2024. Industrial output from major firms rose 6.1% year-on-year in the first 10 months of 2025. Xie said promoting orderly industrial transfer is key to optimizing China's industrial layout and strengthening regional development.

Xie added that MIIT will help Chongqing leverage its advantages to undertake manufacturing transfers in areas such as intelligent connected NEVs, next-generation electronics, and advanced materials. China will also fully lift manufacturing-sector foreign investment restrictions, directing more global capital into advanced manufacturing, high-tech, modern services, and green development across central and western regions.

Guests observed a robotics demonstration outside the conference venue. (Photo/Zheng Ran)

Hu Henghua, Mayor of the Chongqing Municipal People's Government, said the city’s status as a major industrial base—covering all 31 national industrial categories—positions it as a prime destination for industry relocation from the east. He said Chongqing is accelerating its modern manufacturing cluster system, giving companies faster access to supply chain partners.

Companies already expanding in Chongqing told the forum that the city is creating tangible new opportunities. CHINT Group Chairman Nan Cunhui said Chongqing offers unprecedented room to grow renewable energy, energy storage, virtual power plants, and zero-carbon parks. Chint has invested more than 10 billion yuan locally, building projects ranging from repurposed solar facilities to fast-charging stations and microgrids.

Nan noted that Chongqing still has significant potential to increase its share of new-energy power generation. Chint plans to work with SPIC Chongqing to launch zero-carbon rural demonstration projects—combining rooftop solar, centralized power collection, and smart microgrids—in counties including Wanzhou, Fengjie, Yunyang, and Wuxi.

Fangda Group highlighted aviation and healthcare as major growth areas. Executive Director Song Hongmou said the company has rapidly expanded in Chongqing since signing a strategic agreement in 2024. New assets include Fangda Aviation International Headquarters, an engine maintenance firm that makes Chongqing China’s seventh city with full maintenance capability, along with aviation catering, aircraft leasing, and unmanned aerial vehicle R&D projects. Song said the group’s aviation cluster could drive 100 billion yuan in investment and generate over 350 billion yuan in output, creating 25,000 jobs once fully operational.

Chongqing’s manufacturing and logistics strengths were outlined by Wang Zhijie, head of the city’s Economic and Information Technology Commission. He said the city’s industrial output reached 2.72 trillion yuan in 2024, with manufacturing competitiveness ranking first in western China. Its NEV sector is now a national leader: the city produced 953,000 NEVs in 2024, up 94.5%, and more than 944,000 from January to October this year.

Wang emphasized Chongqing’s strategic location at the intersection of the Yangtze River Economic Belt and the Belt and Road Initiative. It is China’s first city to host all five types of national logistics hubs—port, land port, airport, production service, and business service—linking Southeast Asia via the New International Land-Sea Trade Corridor and Europe via the China-Europe Railway Express.

Wang added that Chongqing has built 12 “industry brain” digital platforms and is home to 22 national-level smart factories, as well as 10 future factories and 211 smart factories. Key digital manufacturing indicators now rank first in western China.