105 Projects Worth Over RMB1 Billion | Total 196 Major Projects Signed at the 6th WCIFIT

On May 23, the signing ceremony for key projects of the 6th Western China International Fair for Investment and Trade (WCIFIT) was held, with a total of 196 projects signed, including 124 manufacturing projects with formal contract values amounting to RMB198.85 billion, and 58 modern service industry projects with formal contract values totaling RMB88.423 billion. This marks the sixth consecutive session of the WCIFIT featuring major project signings.

"The successful signing and implementation of these major projects will drive the continuous enhancement of our municipality's industrial level and core competitiveness, open up new spaces and add new impetus to the construction of a modern industrial system, and help our municipality become an important growth pole supporting high-quality development in the new era of the Western Development strategy," said an official from the Chongqing Economic and Information Commission. The official also introduced that the major project signings at this WCIFIT exhibited the following characteristics, demonstrating Chongqing's favorable investment environment.

Investment enthusiasm continues soaring. Amid the sluggish global economic recovery, Chongqing's investment environment has attracted favor from both Chinese and foreign enterprises, with its investment policies receiving widespread acclaim. Enterprises' willingness to invest in Chongqing is growing stronger, leading to an increasing number of investment projects. Compared to last year's signings, the scale of major project signings at this WCIFIT has remained stable with a slight increase. Among them, there are 89 projects worth between RMB1 billion and RMB5 billion, 12 projects between RMB5 billion and RMB10 billion, and 4 projects exceeding RMB10 billion.

Project investment sources are diverse. In recent years, Chongqing's sustained economic growth has attracted numerous high-quality domestic and foreign enterprises to invest and establish businesses. The investment projects signed at this event mainly come from provinces and cities such as Guangdong, Sichuan, Jiangsu, and Beijing. Among them, there are 4 projects from Fortune Global 500 companies, 25 projects from national-level high-tech enterprises, and 25 projects from industry-leading enterprises, all of which have good demonstration and leading effects.

Investment fields cover a wide range. Focusing on accelerating the construction of a modern industrial system in the western region, this WCIFIT promotes the deep integration of advanced manufacturing and modern service industries. Centered around the construction of the "33618" modern manufacturing cluster system, it includes the signing of 62 projects in three RMB-trillion leading industries with formal contract values of RMB110.628 billion, 50 projects in three RMB-500-billion pillar industries with formal contract values of RMB63.912 billion, and 24 projects in six RMB-100-billion characteristic and competitive industries with formal contract values of RMB39.47 billion, achieving full coverage of the "33618" modern manufacturing cluster system. Additionally, the signed projects also involve modern service industry projects, software and information technology services, industrial design, and other producer service fields, with a total of 58 projects signed and formal contract values of RMB88.423 billion, which will further empower the high-quality development of manufacturing in the city.

Emphasis is placed on supplementing, strengthening, and extending industrial chains. Focusing on the underdeveloped and blank segments of the city's industrial chains, this WCIFIT signed 45 projects to supplement and strengthen industrial chains with a total amount of RMB137.284 billion. These projects will further supplement and improve the supply chain systems of key industries such as automobiles and auto parts, integrated circuits, new energy storage, new display technologies, and intelligent equipment manufacturing in the city.

Central SOEs - Chongqing Cooperation has become closer. In recent years, Chongqing has consistently prioritized engaging with, attracting, and serving central SOEs in its investment attraction efforts, and regarded the construction of Central SOEs - Chongqing Cooperation projects as an important pillar for promoting investment and stabilizing growth. The city has actively sought to attract a number of central SOEs to settle in and strategically deploy major projects around key industrial chains such as automobiles and new energy, fostering a profound and comprehensive new pattern of cooperative development between central SOEs and the city. This WCIFIT saw the signing of 15 major Central SOEs - Chongqing Cooperation projects, including 13 projects with formal contract values exceeding RMB1 billion. It involved partnerships with 15 central SOEs such as Sinopec, China Unicom, and China South Industries Group Corporation, with formal contract values totaling RMB34.951 billion.

Internationalization and influence have become more prominent. This major project signing closely aligns with the conference theme of "New Western China, New Manufacturing, New Services," transforming the effects of the international event into industrial development momentum, continuously improving the level and quality of international investment attraction, and promoting the expansion and quality improvement of foreign investment. At this year's WCIFIT, the signed projects involve 12 foreign-funded projects with a formal contract value of RMB26.724 billion, covering fields such as intelligent connected new energy vehicles, intelligent equipment and intelligent manufacturing, and modern finance, and involving 12 countries and regions including Russia, Spain, and Japan.

In addition, sister provinces in Western China also shared new development opportunities: Sichuan Province and Guizhou Province signed 4 projects with a total contract value of RMB2.45 billion during the signing ceremony.

Source: CQNews (www. cqnews.net)