Chongqing - On December 23, the Economic Work Conference of the CPC Chongqing Municipal Committee outlined the city's 2024 economic outlook, emphasizing positive trends and continued social stability.
From January to November 2024, the value added of the industrial enterprises above the designated size increased by 7.6%. (Graphic/Zheng Ran)
From January to November 2024, the total retail sales of consumer goods increased by 3.8%. (Graphic/Zheng Ran)
In the first three quarters of 2024, the "33618" modern manufacturing cluster system achieved a value-added of 577.6 billion yuan. (Graphic/Zheng Ran)
From January to November 2024, 300 co-built projects in the Chengdu-Chongqing economic circle saw investments of 465.65 billion yuan. (Graphic/Zheng Ran)
The New International Land-Sea Trade Corridor covers 126 countries and regions, with 548 ports, seeing a 73% rise in cargo value. (Graphic/Zheng Ran)
The production of new energy vehicles increased by 100%. (Graphic/Zheng Ran)
Exports increased by 2.8%, while actual foreign investment reached 810 million U.S. dollars, growing by 57.9%. (Graphic/Zheng Ran)
Employment remained stable, with 690,000 new urban jobs created. (Graphic/Zheng Ran)
Yuan Jiajun, Secretary of the CPC Chongqing Municipal Committee, stressed that 2025, the final year of the 14th Five-Year Plan, will focus on nine key economic priorities, including manufacturing, new quality productive forces, consumption, and mega-city governance.
In 2025, Chongqing will accelerate the development of a new "industrial brain + future factory" model to drive new quality productive forces. This will involve leading industrial innovation through science and technology hubs, enhancing key industries, expanding emerging and future sectors, implementing the "smart, digital, and green transformation" of traditional industries, and further growing the "33618" modern manufacturing cluster system.
Changan's Yubei factory in Chongqing is a key manufacturing facility for the company, one of China's largest automakers.(Photo/ Changan Auto)
At the same time, Chongqing will implement exceptional measures to boost investment and stimulate consumption, aiming to unlock domestic demand. On the investment side, the city will align with major national strategies, advance key infrastructure projects, and increase investment in critical sectors. It also plans to leverage its large districts and counties to stabilize investment and drive growth.
In 2025, Chongqing will speed up the development of a modern multimodal transportation and service system to enhance inland systemic openness. The city will also ramp up efforts to transform and upgrade foreign trade and investment.
Additionally, Chongqing will strengthen its digital infrastructure to establish an integrated platform for city-wide services and complete the migration and integration of private cloud systems. These efforts will lay the foundation for a new integrated urban governance and management model in the years ahead.
Deng Lanyan, vice president of the Chongqing Comprehensive Economy Academe, highlighted that in 2024, the city achieved both quantitative and qualitative growth. This growth was driven by emerging industries such as new energy vehicles, integrated circuits, LCD displays, productive services like software and information technology, and business leasing. This has notably strengthened Chongqing's endogenous growth drivers and enhanced its economic resilience.
Chen Gang, Dean of the School of Economics at Southwest University of Political Science and Law, emphasized that the Economic Work Conference outlined key priorities for the year ahead, including maximizing domestic demand and promoting coordinated development between urban and rural areas.
Chen stressed the need for deeper market reforms related to household registration and land, which will help ensure equal access to income opportunities and public services. These measures are expected to support balanced urban-rural development and unlock further domestic demand by stabilizing income expectations.