Chongqing wins overseas and at home

The overseas investment of Chongqing will reach 30 billion dollars during the 12th Five-year Plan, focusing on 5 fields, respectively underground resources, surface products, resource processing, equipment and technology and industrial park construction, according to the plan of Chongqing Municipal People’s Government.

Wang Yi, director of Chongqing Foreign Trade & Economic Relations Commission, said that the present new plan is to increase the proportion of service outsourcing in Chongqing industry, change Chongqing from an international processing plant to an office, and form a benign 2-wheel-drive development model of advanced processing and manufacturing and modern service industry. The service outsourcing industrial scale will reach 100-120 billion yuan by the end of the 12th Five-year Plan based on the present development plan.

In 2011, Chongqing brought in 10.5-billion-USD foreign investment, up 65%, with the fastest growth rate nationwide. It was the first time for Chongqing to exceed Fujian and Sichuan, ranking first in central and western China and 9th in China. Thus Chongqing joins in the national first echelon to play a leading role in central and western China, with over 200 enterprises of the world’s top 500 directly investing in Chongqing.

Deng Jun