AsiaNet 84433

CHONGQING, China, June 22, 2020 /Xinhua=KYODO JBN/ --

June 18, 2020 marked the 10th anniversary of the establishment of Chongqing

Liangjiang New Area. According to Chongqing Liangjiang New Area Administrative

Committee, the region's GDP increased from 100.2 billion yuan to 339.1 billion

yuan from 2010 to 2019, ranking 4th among China's 19 national new areas.

Over the past decade, the concept of opening-up has taken a deep root in all

aspects of the new area's economic and social development.

In November 2019, the State Council approved the further opening-up of Guoyuan

Port in Chongqing Port to make it an open area. It has grown from a storage

yard on the bank of the Yangtze River to the world's "transfer hub" as well as

an important physical connection point between the Belt and Road Initiative and

the Yangtze River Economic Belt. The story of Guoyuan Port is a good example of

Chongqing's inland opening-up and participation in the global market.

The convenient transportation has attracted more and more high-level projects.

Building on the strategic advantages of national-level new area, the core area

of China-Singapore demonstration projects and the core area of Chongqing pilot

free trade zone, Chongqing Liangjiang New Area is forging ahead in reforms and

speeding up the construction of four major platforms including Guoyuan Port,

the bonded port area, the Jiangbeizui international financial center and the

Yuelai convention and exhibition city.

With the development of inland opening-up, Chongqing Liangjiang New Area has

attracted more foreign investors through a series of partnership programs, such

as Chongqing Liangjiang International Cooperation Center and Sino-Singapore,

Sino-Germany, Sino-Switzerland, Sino-Italy, Sino-Japan, Sino-South Korea and

Sino-Israel industrial parks.

Now, Chongqing Liangjiang New Area is about to start its second venture. Thanks

to the national strategies, such as the establishment of Chengdu-Chongqing

economic circle and the development plan of the western region in the new era,

it is striving to build an inland open portal and become an important global

investment destination.

Chongqing Liangjiang New Area has formed an advanced manufacturing system with

four pillar industries of automobile, electronic information, equipment

manufacturing and biomedicine. High-tech manufacturing accounts for 43 percent

of the industrial output value. A modern service industry system, including

finance, logistics, service trade, commerce, cultural tourism and exhibition as

the main bodies, has been formed. The added value of the area's tertiary

industry reached 231.9 billion yuan.

In order to attract global talent, Chongqing Liangjiang New Area has been

approved as a national innovation demonstration zone and the national

entrepreneurship and innovation demonstration base. It has a number of talent

recruitment platforms, including the Chongqing Liangjiang New Area overseas

student pioneering park, work base for returning overseas students with the

Western Returned Scholars Association, and the national offshore innovation and

entrepreneurship base for overseas talents.

In the future, Chongqing Liangjiang New Area will strive to build a modern

industrial cluster based on electronic information and automobile, promote the

strategic emerging industrial clusters focusing on health, high-end equipment,

aerospace and aviation, and speed up the development of the modern service

industry focusing on online services and management towards the middle and high

end of the global value chain.

It's time for setting sail when the tide is surging high. The comprehensive,

multilevel and wide-range opening-up trend is reshaping the economic pattern of

the new area.

For more information, please visit the new area's official website:

http://www.liangjiang.gov.cn.

Source: Chongqing Liangjiang New Area Administrative Committee