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As the only municipality directly under the central government in central and western China, Chongqing serves as a strategic anchor for Large-scale Western Development, the juncture of “Belt and Road” Initiative and Yangtze River Economic Zone, the national-level key city, the economic center in the upper reaches of the Yangtze River, an important modern manufacturing base, the comprehensive transportation hub in southwestern China, as well as the pioneer of inland opening-up. With national all-round reform and innovation, a new round of Large-scale Western Development, and the implementation of the "Belt and Road" Initiative and Yangtze River Economic Zone strategy, Chongqing has a lot opportunities and potentials.

New Opportunities: Juncture City of "Belt and Road" Initiative and Yangtze River Economic Zone

——Chongqing is the only municipality directly under the central government in western China. It is a juncture for “Belt and Road” Initiative and Yangtze River Economic Belt, thus playing a unique and important role in China’s regional development and opening-up endeavors.

New Opportunities: A Pioneer of Opening-up in Inland China and A Land of Natural Beauty

—— Chongqing is accelerating the construction as the national-level key city with balanced urban and rural development, the economic center in the upper reaches of the Yangtze River, an important national-level modern manufacturing base, a key domestic functional financial center and an innovation center for western China, so as to build itself as a pioneer of opening-up inland China and a land of natural beauty, a city with cultural appeal.

New Opportunities: China (Chongqing) Pilot Free Trade Zone

——Based on Chongqing’s positioning as "a city with dual geographic importance, twin goals and parallel progress in its growth strategy, and four zones", and centering on the overall goal of "One Hub, Three Centers and One Base", China (Chongqing) Pilot Free Trade Zone has stepped up further its construction and has 11 innovative achievements, which are the first of their kinds in China. The regulatory innovation of "Four Self-Handling and One Simplification" of the special customs supervision area has been replicated nationwide by the State Council. By the end of 2018, there had been 419 newly registered enterprises in China (Chongqing) Pilot Free Trade Zone, with a registered capital of USD 2.609 billion. With the introduction of 1,622 projects, the total amount of contracts (agreements) signed had been up to RMB 521.3 billion. Thus, the industries and enterprise clusters dominated by trade, logistics, finance and high-end manufacturing have been formed, with a good foundation for industrial development.

New Opportunities: National-level Liangjiang New Area

—— Liangjiang New Area is the third in China and the first inland national-level new area for development and opening-up. Its GDP has increased from RMB 100.2 billion at the beginning of its establishment in 2010 to RMB 293.3 billion in 2018, with an average foreign investment in actual use of about USD 3 billion. There are more than 150 Fortune Global 500 enterprises in the area, which poses obvious advantages for the area in investment, function, transportation, policies, supporting facilities, logistics and human resources. Liangjiang New Area will definitely bring huge development opportunities to Chongqing.

New Opportunities: International Cooperation

——As the third intergovernmental cooperation program between China and Singapore,

——"China-Singapore (Chongqing) Demonstration Initiative on Strategic Connectivity", has been settled in Chongqing, Chongqing's opening-up and cooperation with the outside world will be further promoted and its advantages in international competition and cooperation will be enhanced.

New Opportunities: Sea-Land-Air Comprehensive Transportation Hub

—— As the one and only comprehensive transportation hub in western China including water transportation, land transportation and air transportation, Chongqing's average density of comprehensive transportation network, and the density of expressway network, railway network and inland river transportation all rank the first in western China. At present, a railway network with "one terminal and ten arteries" has been built, with an operating mileage of 2,371 kilometers. The traffic mileage of expressways has reached 3,096 kilometers. In 2018, the annual throughput of Chongqing Jiangbei International Airport reached 41.6 million passengers, and the annual throughput of port cargo reached 210 million tons. Furthermore, with the completion and operation of the Terminal T3A and the No. 3 Runway of Chongqing Jiangbei International Airport, Chongqing has become the first city in central and western China to have an airport with three runways and the largest terminal. The development of the western comprehensive transportation hub will definitely bring more benefits to Chongqing.

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