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Chongqing Invests RMB 1.5 trillion to Launch Three-year Promotion Plan of Industrial Economy.

To cope with the downward pressure of industrial economy and accelerate the new development of new industrialization, Chongqing municipal government issued a three-year promotion plan of major industries in industrial field on August 20th. During the "12th Five-year Plan", Chongqing will invest RMB 1.5 trillion in industry in total, building up 7 hundred-billion class industrial clusters and 30 ten-billion class industrial clusters with total industrial output value of over RMB 3 trillion.
According to the plan, Chongqing will mainly focus on promoting 7 industries in the coming 3 years, including: accelerate the development of electronic information industry, invest RMB 300 billion in the entire industry in total, promote the annual output of intelligent terminal like laptop, intelligence appliance etc. to reach 200 million sets, output value of electronic information industry reach RMB 1 trillion; optimize the automobile industry to reach the output value of RMB 500 billion, investing RMB 200 billion in total and forming 4 industrial clusters such as passenger vehicles, mini vehicles, commercial vehicles, special vehicles with the proportion of cars and SUVs over 60%; promote advanced equipment manufacturing industry to reach the output value of RMB 500 billion, giving priority to intelligent equipment clusters like motorcycle cluster, railway transport equipment, wind power equipment, NC machine etc. with total investment of RMB 250 billion; promote the great-leap-forward development of comprehensive industry, accelerate the promotion of significant projects like ten-million tons of oil refining, million tons of ethylene with total investment of RMB 150 billion to reach output value of RMB 200 billion.
In addition, Chongqing will transform and promote material industry, and will accelerate the construction of national new material research and development base. During the "12th Five-year Plan", Chongqing invests RMB 200 billion in total and reaches industrial output of RMB 250 billion, enabling the local satisfaction rate of electronic information and material for vehicles to increase 60%, 50% respectively; invest RMB 200 billion, actively developing energy industry like coal, electricity, natural gas etc. and paying attention to the exploitation and comprehensive utilization of shale with total industrial output value of RMB 200 billion; develop the consuming manufacturing industry like the process of agricultural and sideline products, the manufacturing of medicine and medical equipment to reach industrial output value of RMB 350 billion with total investment of RMB 200 billion.
   

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