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Liangjiang New Area in Chongqing held an online investment promotion event for European investors on Wednesday that aimed to expand investment channels.
Southwest China's Chongqing municipality signed a strategic cooperation agreement with Tsinghua University on June 3, which is expected to build the region into a technology innovation center with national influence, and help Tsinghua become a global first-class university.
Liangjiang New Area in Southwest China's Chongqing municipality – which features a major big data sector -- was recently listed as new national industrial demonstration base, according to the Ministry of Industry and Information Technology.
Liangjiang New Area has switched its development orientation from the coast to the inland areas, in China's western development strategy.
In the three years since its establishment, Liangjiang New Area has formed a multi-field, multi-channel opening pattern by improving its opening-up platform and innovating its industrial pattern. Achievements have been made in import and export, overseas investment, and harbor functions.
The economic focus is shifting from China's east to west.On a map, the narrow Yuzhong Peninsula, bounded by the Jialing River to the north and the Yangtze River to the south, resembles a smaller version of Manhattan Island in New York.
Stoyan Atsarov from Bulgaria was delighted after signing a cooperation agreement with a business partner in Yiwu, Zhejiang province, where his company plans to build its first factory in China. The Bulgarian company will produce rose-oil candy for Chinese costumers.
Chinese and European senior officials urged further cooperation through the Sino-Euro railway on Wednesday. The 11,179-km Chongqing-Xinjiang-Europe railway connects Chongqing with Duisburg, Germany, via Kazakhstan, Russia, Belarus and Poland.
For decades, the motorcycle industry drove Chongqing's economic growth, making the municipality the largest center for motorcycle production in China. Now, as motorcycles are banned on the roads of nearly 200 cities, and export volumes keep slumping due to the gloomy global economic environment, local authorities and motorcycle producers are looking to the skies for growth.
Liangjiang New Area is one of the key areas for the new round of global industrial shift. Due to the global and coastal industrial shift in the wake of the global financial crisis, Chongqing and Liangjiang New Area play an important role in linking the East and the West and connecting the north and the south of China.