China’s Chongqing sees more tech-based enterprises

CHONGQING (Xinhua): The southwestern Chinese municipality of Chongqing has a total of 16,918 technology-based enterprises in 2019, up 53.4 per cent year on year, according to local authorities.

Among the total, the number of high-tech firms in Chongqing reached 3,141, up 25 per cent year on year, according to the municipal science and technology bureau.

In 2019, nearly 97 per cent of the new high-tech firms in the city are in advanced manufacturing and automation, electronic information and new material industries.

The municipality aims to increase the number of technology-based enterprises to 20,000 this year, including 3,500 high-tech firms. – Xinhua

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