Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Local

China's Chongqing pushes up industrial transformation, upgrading

January 13, 2020


Abstract : Southwest China's Chongqing Municipality achieved progress in its efforts in advancing industrial transformation and upgrading for high-quality economic growth in 2019, according to the ongoing annual session of the municipal people's congress.

CHONGQING, Jan. 11 (Xinhua) -- Southwest China's Chongqing Municipality achieved progress in its efforts in advancing industrial transformation and upgrading for high-quality economic growth in 2019, according to the ongoing annual session of the municipal people's congress.

The municipality set its primary focus on the intelligent and big data industries, with the added value of its digital economy last year registering a yearly increase of 15 percent.

Sales revenue of Chongqing's intelligent industry grew by 14 percent year on year in 2019 and 140 digital workshops and intelligent factories were built last year.

Chongqing has also improved its pillar industries. The transformation of its automobile industry has accelerated, with the output of new energy vehicles expected to increase by 10 percent year on year in 2019.

Last year, the development of Chongqing's service industry was also on the fast track, with the municipality's online sales revenue exceeding 120 billion yuan (around 17.35 billion U.S. dollars). Its total retail sales of consumer goods in 2019 was expected to grow by 8.5 percent.

According to the annual session, Chongqing will continue to promote transformation and upgrading of its pillar industries in 2020, covering sectors including automobiles, motorcycles and energy. Meanwhile, the municipality will build 30,000 new 5G base stations in 2020.

Scan the QR code and push it to your mobile phone

Keyword: Chongqing

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial