Liangjiang's green economy leads high-quality development

The Liangjiang Digital Economy Industrial Park. [Photo/liangjiang.gov.cn]

Liangjiang New Area in Southwest China's Chongqing municipality has been advancing the dual carbon goals and accelerating low-carbon transformation, with its high-tech manufacturing and strategic emerging industrial outputs accounting for 42.6 percent and 53.4 percent, respectively, of regional GDP.

In recent years, Liangjiang has been carrying out energy conservation and carbon reduction upgrade projects. It has constructed 32 green factories, two green parks, and four green supply chains and completed 107 digital workshops and 22 smart factories, ranking first in the city in terms of total numbers.

To accelerate the development of its clean energy layout, four customer-side energy storage projects have been established.

In addition, the new area has comprehensively promoted the development of a green finance reform and innovation pilot zone. As of September this year, the balance of green loans was approximately 197.77 billion yuan ($27.55 billion), up 26.81 percent from a year earlier. The balance of green bonds totaled 14.53 billion yuan, both ranking first in the city.

Fan Yu, director of the new area's economic operation bureau, stated that the new area will speed up the construction of green manufacturing and service systems. It will promote the deep integration of emerging technologies such as big data and AI with green and low-carbon industries in the Liangjiang Collaborative Innovation Zone and create an ecosystem for green and low-carbon industries.