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Fixed-asset Investment in Chongqing Rose 5.5% in the Year to October

According to Chongqing Development and Reform Commission on December 12, from January to October this year, fixed asset investment in Chongqing increased by 5.5% over the same period last year, 0.3 percentage points higher than the national average. Among them, real estate investment rose 5.8 per cent year on year, operating within a reasonable range.

Officials from Chongqing Development and Reform Commission said that overall, the foundation for the stable operation of Chongqing investment is being consolidated in three aspects:

Firstly, business sentiment to invest is improving. Data from Chongqing fixed assets investment online service supervision platform showed that in the first 10 months, the number of planned investment projects increased by 30.8% year on year, enhancing confidence for the steady growth of follow-up investment.

Secondly, major projects are well supported. In the first 10 months of this year, a total of 67 intensive construction activities were held in Chongqing, with 317 new projects worth more than 100 million yuan and a total investment of 331.8 billion yuan. Since this year, many scheduling meetings for major projects were held by Chongqing government, coordinating the resolution of 79 "obstruction" issues. They also boosted the construction of a large number of major projects including the second phase of rail transit line 4, 5 line north extension, Hechuan-Bishan-Jiangjin expressway, Dazu-Sichuan Neijiang expressway, Kaizhou-Chengkou expressway, Caijia-Jialing River bridge, west section of the second expressway, etc. Meanwhile, the government will actively promote the preparatory work of the Chongqing-Xi'an high-speed railway, the middle route of Chengdu-Chongqing high-speed railway, the T3B and the fourth runway of Jiangbei airport, the four-round rail transit planning project, etc., and strive to start construction as soon as possible to realize the continuation of investment. From January to October, investment of Chongqing’s major projects reached 287.9 billion yuan, accounting for 83% of the annual plan, which meets the requirements of the timing schedule and plays a key role in stabilizing growth.

  Thirdly, capital resources are effectively guaranteed. Since this year, Chongqing has strictly implemented the government "six coordination" requirements, strengthening the factor guarantee. Relying on the three-year rolling plan and annual investment plan invested by the government, Chongqing will strengthen the balance between the "project pool" and the "capital pool", and ensure the overall demand for construction funds. Through the connection between the investment online service supervision platform and the platform of "integration of multiple plans", the basic project information and spatial information sharing and exchange would be strengthened, so as to realize the intervention and active connection of planning, land use, environmental protection and other elements in advance, and provide technical support for optimizing project plans and standardizing project implementation from the source. At the same time, the project units actively coordinate with Chongqing City Administration Bureau, Chongqing Traffic Commission and other divisions, to speed up the solution of the residual soil transportation and other constraints on the construction of the project, thus the project implementation would be sped up .

The official said that next, Chongqing will further strengthen the standard management of government investment projects, vigorously optimize the business environment, provide good service for enterprise investment, actively support the development of private enterprises, constantly strengthen new drivers of investment, ensure stable growth of investment and promote high-quality economic development.


Source: Chongqing Daily

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