In the first quarter of this year, southwest China’s Chongqing Municipality has inked 70 major projects with a total contract investment value of over 208 billion yuan (about 30 billion U.S. dollars), said local authorities.
A joint signing ceremony was held Thursday in the city’s Jiulongpo District. These new investments will be spread across key industries including intelligent and networked new energy vehicles (NEVs), integrated circuits, biomedicine, software information, as well as scientific and technological innovation.
Over 78 percent of the projects involve deals of more than 1 billion yuan.— Xinhua
