Chongqing signed new projects worth RMB 139.67 bln in July

According to Chongqing Investment Promotion Bureau, in July, Chongqing Municipality has signed 261 contracts on new projects, with a value of 139.67 billion yuan.

According to Chongqing Investment Promotion Bureau, in July, Chongqing Municipality has signed 261 contracts on new projects, with a value of 139.67 billion yuan.

39.14 billion yuan of the total funds are already in place, which equals 195.7% of the goal for the month, increasing by 132.3% over the average monthly funds in the first half of the year.

Chongqing has achieved a good start in the “investment season”.

In terms of project implementation, Chongqing Investment Promotion Bureau has launched the construction of 10 major projects including the Guangda New Technology City and Konka Optoelectronics Industry Research Institute.

Among the 1,009 industrial investment projects signed last year, there are 524 projects already under construction, accounting for 51.9% of the total.

In terms of industry, Chongqing focuses on ten key sectors to attract investments, for example, the manufacturing industry of high-end equipment, new materials, biological industry, and new energy vehicles. In July, Chongqing has signed 122 projects in the above-mentioned ten industries, with a contract value of 91.79 billion yuan.

Among them, there are 42 new-generation information technology projects with a contract value of 24.34 billion yuan, 26 new consumer projects with a contract value of 24.88 billion yuan, 15 high-end equipment manufacturing projects with a contract value of 18.98 billion yuan.

Disclaimer: This is an article created by Michael Liang for Chinasdg.org. You can find the original article here: https://chinasdg.org/2020/08/12/chongqing-signed-new-projects-worth-rmb-139-67-bln-in-july/.

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