Yubei District People’s Government of Chongqing Municipality

CHONGQING, China, July 15, 2024 — Chongqing’s Yubei District is currently focusing on developing a modern industrial system with advanced manufacturing as its cornerstone, the local People’s Government stated at a press conference held on July 10.

In recent years, Chongqing’s Yubei District has prioritized the automotive and electronics industries, actively promoting their upgrade to become two trillion-yuan industries.

The district aims to develop a cluster of pillar industries, including intelligent equipment, advanced materials, and integrated circuits, each with an output value of around 50 billion yuan, as well as distinctive industries with an output value of around 30 billion yuan each.  

Efforts are underway to accelerate the development of new quality productive forces, strengthen the leading role of key industries, and continuously cultivate new growth drivers.

Concurrently, as a pilot area for Chongqing’s development of an international consumption center city, Yubei District is witnessing the rapid emergence and concentration of new consumption scenarios and formats.

By leveraging commercial districts, integrated commercial complexes, and blocks, the district is expanding 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 capitalizing on the development opportunities presented 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 ahead, Yubei District will further deepen the integration of scientific and technological innovation with industrial innovation, iteratively improve the advanced manufacturing system to strengthen the support for high-quality development industries.

Additionally, Yubei will leverage its role as a pilot zone for building an international consumption center city to establish 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

CONTACT: Contact person: Ms. Bai, Tel: 86-10-63074558