In the next three years, the Chongqing aviation industry will see massive growth through the development of an Aviation Economic Demonstration Zone. The zone will house an aviation economic ecosystem that consists of aircraft manufacturing, aircraft supporting industries, logistics and various intelligent manufacturing industries. The Aviation Economic Demonstration Zone is expected to achieve a breakthrough in output exceeding RMB100 billion.
The aviation sector growth is further facilitated by the Belt and Road Initiatives, Liangjiang New Area Development Plan, Yangtze River Economic Belt, and the China-Singapore (Chongqing) Demonstration Initiatives on Strategic Connectivity (CCI), the third government-to-government project between Singapore and China.
Chongqing Yubei District, the Economic Hub of Yangtze River
The planned Aviation Economic Demonstration Zone is located in the Yubei District of Liangjiang New Area, Chongqing. Liangjiang New Area is the first national level development area in inland China, and the third nationwide after Shanghai Pudong New Area and Tianjin Binhai New Area. It is a green, low carbon and intelligent ecological city.
Chongqing is the only municipality in western China. Its location in the Yangtze River economic belt is intersectional with the transcontinental sea and land routes of the Belt and Road Initiative. This geographical advantage has made Chongqing a major hub in Eurasian logistics and connectivity, and a key ‘Belt’ point in one of the Belt and Road Initiative routes.