Phnom Penh (FN), Jun. 21 – On June 17, the global investment promotion conference of Chengdu-Chongqing region Economic Circle co-sponsored by the Sichuan Provincial People's government and Chongqing Municipal People's government was held in Shanghai.

With the theme of “jointly building a Twin-City Economic Circle and sharing new development opportunities”, the conference promotes new investment opportunities in the Chengdu-Chongqing Economic Circle for well-known enterprises, business associations and institutions in the Yangtze River Delta area.

Li Yunze, member of the Standing Committee of the Sichuan Provincial Committee and vice governor of Sichuan province, Xiong Xue, vice mayor of Chongqing municipal government, attended the promotion meeting and delivered speeches. Chen Guanghao, director of Sichuan Economic Cooperation Bureau, Zhou Qing, Deputy Secretary-General of Chongqing Municipal Government and director of Chongqing Investment Promotion Bureau, jointly promoted investment opportunities in six major industries of electronic information, food and beverage, medicine and health, automobile, equipment manufacturing and new materials in Chongqing and Sichuan.

It is reported that the total economic volume of Sichuan and Chongqing reached 7.36 trillion yuan in 2020, accounting for 34.5% of the 12 provinces (autonomous regions and cities) in western China, and the growth rate is 2.5 percentage points higher than that of the whole country; The average growth rate of fixed asset investment was 8.7%, 5 percentage points higher than that of the whole country; To strengthen external cooperation, Chengdu-Chongqing region Economic Circle rely on the golden waterway of the Yangtze River,  the China-Europe Express Train (Chengdu-Chongqing), the western land-sea channel and more than 230 international routes to reach the world. For domestic economy, the twin-city build “4 one-hour traffic circles” internally, and accelerate the realization of one-hour access to Chengdu-Chongqing dual core, one-hour access to surrounding major cities, one-hour access to neighboring areas, and one-hour commute to metropolitan areas.

Sichuan and Chongqing have a good foundation and a complete range of industries, especially the electronic information and automobile industries are large in scale, highly correlated, and highly complementary. Last year, Sichuan-Chongqing electronic information industry's main operating income exceeded 2.1 trillion yuan, an increase of 18%, becoming the largest pillar industry in the two places, with a global supporting rate exceeding 80%; At present, there are 45 automobile manufacturers in the two places, and more than 1,600 large-scale auto parts enterprises in the two places, with a local supporting rate exceeding 70%. The annual output of automobiles is nearly 3 million, with an output value of more than 600 billion yuan. A large number of well-known domestic and foreign automobile manufacturers have gathered.

During the period of “14th Five-Year Plan”, Sichuan and Chongqing will focus on leading industries, adhere to complementary advantages, strengthen cooperation in attracting investment, expand the division of industries in the region, improve the level of internal supporting facilities in the region, promote key industries into chain clusters, and jointly create electronic information and equipment manufacturing , consumer goods, high-quality Chinese baijiu and other world-class industrial clusters, to jointly build important global automotive research and development, manufacturing, and application bases and national important pharmaceutical bases.
=FRESH NEWS