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Yubei district supports LNA's development
Updated: 2015-02-06
By Li Yang and Wang Rui, chinadaily.com.cn
The 10th Plenary Session of the Liangjiang New Area revealed that Yubei district's GDP grew by 12.5 percent and amassed a value of 111.5 billion yuan ($17.84 billion). Companies above a designated size achieved a gross industrial output value of 304.4 billion yuan and a growth rate of 20.4 percent.
Yubei has established major efforts in 2014 in supporting and providing services for the development of the Liangjiang New Area. This has especially been so with regards to works relating to the airport economy, with air cargo volume reaching 300,000 tons, the official operation of the SF Express-Chongqing Center, as well as the opening of the phase-one of Hong Kong Land Park.
The cultural industry also experienced a boom in 2014, with 50 companies settling in the advertising park, 52 more creative companies registered in 2014, generating revenues of 3.5 billion yuan.
In addition to this, Yubei signed an agreement with a US-based venture capital company to build the Xintao Database Valley. It believes that this action will quicken reforms quicken on investment and financing systems.
Edited by Jacob Hooson
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