By Xinyi Li, iChongqing News

Led by big data and intelligent technologies, Liangjiang New Area’s digital economy is growing rapidly. Chongqing Liangjiang New Area’s Digital Economy Industrial Park has been established for one year. During this period, the Park has attracted investments of RMB 52.9 billion, 855 new enterprises and 3,655 digital economy enterprises. It is accelerating the construction of a highland for national digital industrialization development and industrial digital application.

The Liangjiang Digital Economy Industrial Park

There are two strong drivers for Liangjiang New Area to build its digital economy industrial park. One is Chongqing’s strong promotion of big data and intelligent technologies. The other is the strong demand of the market for the digital economy. The Park has become the main front for the development of big data and intelligent technologies in Chongqing.

So far, the Park has drawn investments of over RMB 50 billion over the past year. It has also gathered a number of innovative enterprises and unicorns during this time. Examples are CloudWalk Technology, Shinco, and iSoftStone. Some digital economy enterprises, such as HYDATA and SocialCredits, have set world records many times. The digital economy here is developing rapidly.

Promoting high-quality development by the digital economy

Unisoc Chip R&D Center in Southwest China was founded in May 2018, in Liangjiang New Area. The project is another key project of Tsinghua Unigroup in Chongqing. Last February, Chongqing inked an agreement with Tsinghua Unigroup. It is called the Strategic Cooperation Agreement on Promoting the Integration of Internet, Big Data and Artificial Intelligence with Real Economy.

The Liangjiang Digital Economy Industrial Park

The intelligent development of big data also leads to the industrial restructuring and optimizing of Liangjiang New Area. Moreover, it helps economic and social development to continuously move towards high-quality development. Statistics show the rapid growth of the high-tech manufacturing industry here last year. The output value of the industry has increased by 16.3%, accounting for 42% of the total industrial output value.

A synergy of three innovation platforms

In addition to the aforementioned Park, Liangjiang New Area strives to build another two innovation platforms. They are Liangjiang Collaborative Innovation Zone and Lijia Smart Eco-City.

The three innovation platforms produce their ever-increasing innovative effect. There are 234 R&D platforms at provincial-level or above (including 17 national R&D platforms). Furthermore, there are 14 academician & expert workstations, 35 postdoctoral workstations and 13 patents held by every 10,000 people. The R&D expenditure accounts for 3.6% of GDP. 40 enterprises listed on “New Three Board” account for 1/ 3 of the city.

Liangjiang New Area will continue to implement the innovation-driven development strategy action plan led by big data and intelligent technologies. The construction of the Demonstration Base for Entrepreneurship and Innovation and National Innovation Demonstration Zone will be accelerated. That will help to create a better policy system for supporting innovation.