CHONGQING, China, July 15, 2024 (GLOBE NEWSWIRE) -- Chongqing's Yubei District
is currently focusing on building a modern industrial system with advanced
manufacturing as the main pillar, the local People's Government stated at a
press conference held on July 10.
In recent years, Chongqing's Yubei District has set its sights on the two
leading industries of automotive and electronics, and has made every effort to
promote the upgrading of these two trillion-yuan industries.
The district aims to gather and develop a group of pillar industries, such as
intelligent equipment, advanced materials, and integrated circuits, with an
output value of around 50 billion yuan each, as well as distinctive industries
with an output value of around 30 billion yuan each.
Efforts are being made to accelerate the development of new quality productive
forces, strengthen the leading role of key industries, and continuously
cultivate new growth drivers.
Meanwhile, as a pilot area for Chongqing's development of an international
consumption center city, Yubei District is witnessing a rapid emergence and
gathering of new consumption scenarios and formats.
By leveraging commercial districts, integrated commercial complexes, and blocks,
the district is extending the development of the new economy of flagship stores.
It is introducing new consumer experiences such as experimental theaters, cross-
border collaborations, customized derivatives, and digital consumption.
Yubei District is also seizing the development opportunities brought by the open
platforms of an airport economic demonstration zone, Chongqing Pilot Free Trade
Zone, and the China-Singapore (Chongqing) Demonstration Initiative on Strategic
Connectivity to forge trade and investment competitiveness.
By combining policy advantages in international consumption, airport
logistics and duty-free economy, the district continues to strengthen its
support for the commercial and trade industries. It supports business model
innovation, brand development, and demonstration projects to further promote the
growth of enterprises in the district.
Looking forward, Yubei District will further enhance the deep integration of
scientific and technological innovation with industrial innovation, and
iteratively improve the advanced manufacturing system to strengthen the support
for high-quality development industries.
In addition, Yubei will take the opportunity of being a pilot zone for building
an international consumption center city to build an internationally recognized
consumer destination that embodies the characteristics of Yubei, showcases the
Chinese style, and leads international fashion trends.
Source: Yubei District People's Government of Chongqing Municipality
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