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Chongqing’s 13th Five-Year Plan for Turning Itself into Inland Open Highland

On 28 December 2016, the Chongqing Municipal People’s Government (Chongqing Government) published its 13th five-year plan, an initiative intended to establish Chongqing as an inland open highland. Overall, the aim is to develop Chongqing into an economically attractive and competitive inland open highland through the adoption and implementation of more aggressive and open strategies, as well as by stepping up its pace of innovation with regards to technology, business models and organisation management, and by completing a series of innovative institutional reforms.

Additionally, the Chongqing Government is seeking to foster the “bringing in” of capital, technology and talents, while encouraging the “going out” of local enterprises by driving structural optimisation through opening up, taking an active part in the Belt and Road Initiative and the building of the Yangtze River Economic Belt and by upgrading its traditional advantages and nurturing new ones.

During the period 2016-2020, it is now committed to major efforts in five key areas:

  1. Developing 10 strategic emerging manufacturing industries, 10 strategic emerging service industries and 10 traditional processing trade industries.
  2. Nurturing new formats of open economy.
  3. Expanding the scope of its emerging industries.
  4. Cultivating new advantages with regard to foreign trade competition.
  5. Fostering the continuous optimisation of its economic structures.

By 2020, it is anticipated that Chongqing will function as a multi-faceted, multi-level and wide-ranging inland open highland. It will also have improved its open economic system to the extent that it will be able to play a unique and important role in China’s regional development and its opening up to the outside world.

Please click here for full details in Chinese.

Content provided by Picture: HKTDC Research
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