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From January to April this year, Chongqing municipality in Southwest China has completed 115.2 billion yuan ($17.14b) in project investment, up 11.7 percent year-on-year, according to reports from Chongqing Daily on May 8.

Among the 281 municipal key projects planned this year, 98 have been launched, and 16 of them have been finished or entered trial operation.

Analysts believe that the progress of key projects has expanded the effective investment scale in Chongqing and stabilized the overall economic fundamentals despite disruptions caused by the COVID-19 pandemic.

There are a total of 238 municipal infrastructure projects involving a total of 176.69 billion yuan in investment in the city.

Over the first four months, 240 municipal key industrial transformation programs have brought 32.3 billion yuan in funds.