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