Thursday, February 7, 2019

Economic Transformation: Challenge and Opportunity for Chongqing


The intelligent assembly line of Lifan Motors, located in Chongqing Liangjiang New Area
By Keqiao Cheng, EDITOR
The economy of China is gradually transforming from a rapid-growth phase into a high-quality-oriented phase. Thus for Chongqing, the problem of imbalanced development in manufacturing sectors, which was hidden behind the fast economic growth, has been exposed and makes the city suffer from the transformation.
The structure of the automobile industry in Chongqing is not reasonable. For instance, the price of 70% vehicles produced in Chongqing is lower than RMB 100,000 (about USD 14,000). In addition, the main models of vehicles are old, and there are little new models. Sectors like vehicle electronics and new energy vehicle are also a shortcoming of Chongqing.
Besides, with the high-intensity investment in car-related industries across China, the supply-and-demand relation of the market has been changed. The development of traditional fuel vehicle is slow, which also has intensified the pressure for Chongqing.
Therefore, developing smart automobile has been set as a strategic task for economic transformation of this city.
Chongqing may suffer from the transformation, but it has its own advantages in this challenge.
Firstly, Chongqing is an important industrial center of China, which has been a treasure for the transformation and creates a huge market for the upcoming application of Big Data Intelligence.
Meanwhile, Chongqing is focusing on intelligent-industry-related education and research. There are more than 50 colleges and universities, more than 100 research institutions, and more than 200 smart manufacturing enterprises in Chongqing.
Besides, grasping the trend of a new round of scientific and technological revolution, and increasing efforts in strategic emerging industries and smart industries will be the mission for a Smart Chongqing.

Source: CQNEWS

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