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According to statistics, the gross domestic product (GDP) of Liangjiang New Area in the first three quarters of this year was 130.9 billion yuan ($21.4 billion), a year-on-year increase of 15.0 percent.

The added valued of the primary industry was 1.1 billion yuan. The added value of the secondary industry was 70.4 billion yuan, an increase of 17.4 percent. The added value of the tertiary industry was 59.4 billion yuan, an increase of 12.2 percent. The proportion of the three industries was 0.8-to-53.8-to-45.4.Liangjiang New Area’s role as an important inland advanced manufacturing base is becoming increasingly prominent.

From the main economic indicators, industrial production was stable and stimulated economic growth by 8.4 percentage points. In the first three quarters of the year, the total added value of industrial enterprises above a designated size was up 26.9 percent. Overall, industrial production in Liangjiang maintained a steady increase in profit made by enterprises.

Three pillar industries stimulated industrial growth. From January to September, driven by the continued selling of Yidong, CS35, CS75, Changan Ford, New Mondeo, Changan Suzuki and many other car brands, the output value of the auto industry in Liangjiang New Area reached 154 billion yuan, an increase of 27.3 percent. The total automotive production was 1.3 million, an increase of 23.2 percent, including 702,800 cars, an increase of 17.4 percent, and 294,400 sport utility vehicles (SUV), an increase of 60.9 percent.

Driven by the hot sales of laptops, printers, monitors and other products, the output value of the electronics industry was 69.8 billion yuan, an increase of 25.3 percent. The laptop production was 18.3 million units, up 22.9 percent.

The output value of the equipment manufacturing industry was 21.9 billion yuan, an increase of 14.8 percent. From January to September, the industrial investment in Liangjiang grew rapidly, with a realized investment of 30.4 billion yuan, an increase of 45.8 percent.

In recent years, investment attraction projects in Liangjiang reached a peak. The third factory of Changan Ford has been partly put into production. The main structure of the SAIC-GM-Wuling Chongqing plant has been completed, and is expected to kick off trial production in November. The BOE plant has been completed, and some of the equipment has arrived.

What’s more, in the first three quarters, the actual use of foreign investment in Liangjiang was $2.3 billion, an increase of 111.9 percent. The in-place investment of the manufacturing industry was $1.3 billion, an increase of 85.5 percent.

By Huang Pei

Edited by Michael Thai