iChongqing Title

Focusing on promoting high-quality development, Chongqing has thoroughly implemented the new development concept, taking supply-side structural reform as the main line, taking big data intelligence to lead innovation and development as a path, accelerating the pace of industrial transformation and upgrading, and vigorously promoting industrial green, intelligent, intensive and characteristic development.

Chongqing is the national essential central city, the economic center of the upper reaches of the Yangtze River, the national significant base of modern manufacturing industry, the comprehensive hub of transportation in Southwest China, the inland highland of “opening-up” policy, and the national pilot reform zone for comprehensive supporting urban and rural development.

The GDP of Chongqing reached 1.950027 trillion RMB in 2017, with a growth of 9.3% year-on-year. Enterprises above the designated size of emerging industries in strategic importance added value grew by 25.7% year-on-year, while the Hi-tech industry added value increased by 24.9%. In short, the ratio of industrial added value is 17.3%, 17.0%, respectively. The gross investment in fixed assets arrived at 1.744057 trillion RMB, with a rise of 9.5% year-by-year. The primary industry added value 133.962 billion RMB rose by 4%, the secondary industry added value 8.59661 billion RMB grew by 9.5%, while the tertiary industry added value 9.56404 billion RMB increased by 9.9%.

In brief, the ratio of the three-industry structure is 6.9:44.1:49.0; the total retail sales of social consumption increased by 11.0% year-by-year. Two hundred thirty-eight foreign investment projects were signed officially, with a growth of 6.3% year-by-year. Per capita, the disposable personal income of Chongqing was 24,153 RMB, with an increase of 9.6% year-by-year.

Speeding industrial restructuring

More support is given to strategic emerging industries in traditional pillar industries and modern service industries. The smart terminal continues to be in a strong trend, and the added value of electronic manufacturing increased by 27.7% in 2017. The automobile industry is developing towards intelligence and new energy with several new models on the market, and industries such as equipment, chemical, pharmaceutical, material, and consumer goods have steadily increased. Last year, the added value of such strategic emerging industries as the new display, energy conservation, environmental protection, biopharmaceuticals rose by 25.7%. Trials for comprehensive reform of the national service sector are implemented, and a national comprehensive pilot area for big data is established with a 17% increase in software information services revenue in 2017. The financial service is strengthened with the newly increased social financing arriving at 630 billion yuan, and the construction of international tourist destinations is intensified with total tourism revenue growing by 25 % in 2017.

Further boosting endogenous driving force

We have implemented supply-side structural reform and outperformed the target of reducing overcapacity of steel, coal, ship, cement, etc. The real estate is regulated and controlled in accordance with different situations. Deleveraging is achieved in an active yet prudent way, with the asset-liability ratio of large industrial enterprises decreasing by 3.1%. Tax reduction and free reduction policies and measures are implemented, with over 40 billion yuan deducted for enterprises in 2017. The reform of “delegation, administration, and service” is enhanced to standardize administrative approval with optimized online approval platforms. 2017 saw eight new listed companies and other 290 enterprises.

We have promoted the technology supply, ecology innovation, and technology platforms at the same time. In 2017, the total social R&D expenditure increased by 20.7%, and 3,465 new technology-based enterprises emerged. A number of technological innovation alliances and R&D platforms have been established in various industries, including the Internet of Things and intelligently networked automobiles. We reformed the mechanism for scientific and technological achievements distribution and equity incentive, set up scientific and technological factor trading center and established preliminary innovative financial support systems such as equity investment and debt financing. We set up the Beidou Navigation Product Quality Inspection Center and the National (Chongqing) Trademark Review Collaboration Center, which became the high-tech industrialization base for national power semiconductor packaging testing and industrial robots.  

Continuously improving support functions

The legal urban and rural planning achieved full coverage. The Lanzhou-Chongqing Railway is in operation, and the Chongqing-Guiyang Fast Railway project is completed while 1,000 kilometers-long railway is under construction. In 2017, four highways were opened, and interprovincial exits increased to 19; renovation work of 800 km national or provincial highway is completed while 8,000 km rural roads are hardened; T3A terminal and the third runway of Jiangbei International Airport are put into operation, and international airlines increased to 69. The transformation of the railway waterway intermodal connection of Guoyuan Port is basically completed, and the first-phase hub ports (Longtou, Xintian, and Luohuang Ports) are completed and put into use. In 2017, the mileage of rail transit increased to 264 kilometers. A number of towns with characteristic features have been built.

Promoting the steady development of agriculture and rural area

The output of grain, pigs, and vegetables rises steadily, agriculture with characteristic benefits continues to develop, and rural tourism and online transactions of agricultural products are in active shape. We implemented in-depth reforms, including equity of agricultural project financial subsidy, agricultural guarantee system, and supply and sale cooperative. Family farms, farmer cooperatives, and leading agrarian enterprises are actively developing. A number of beautiful and comfortable demonstration villages have been built, with the comprehensive improvement of drinking water and the environment and renovation of dilapidated buildings. Adhering to the goal of targeted poverty alleviation, we strive to focus on 18 towns and townships in severe poverty. Five poverty-stricken counties at the national level and 160,000  people have been lifted out of poverty, and the incidence of poverty has dropped to 1.1%.


Milestones of Chongqing

(source: The Outline of Chongqing 2018)


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