Over 100 bln yuan for technical transformation in Chongqing

Investment in technical transformation of Chongqing’s industry reached 101.2 billion in 2011, accounting for 37.8 percent of the total industrial investment, according to Chongqing Municipal Commission of Economy and Information Technology on July 24, 2012.

For technical transformation of industry, the industrial enterprises use up-to-date technologies, materials, processes and equipment on the existing basis to enhance equipment level, production process, and management.

Meanwhile, the enterprises also promote resources utilization and safe production level so as to turn innovation into products.

Moreover, the technical transformation means the investment activities of increasing variety, promoting quality, and improving efficiency and competitiveness.

Deng Jun