China's economy takes off running in 2023 (7)

People visit the Beicang Cultural and Creative Block in southwest China's Chongqing municipality, June 3, 2022. [Photo/Xinhua]

Chongqing

In the southwestern municipality of Chongqing, more than 60 rotary drilling rigs were in simultaneous operation, at a construction site for Changan Auto's new factory, in January.

"With an investment of 6.3 billion yuan ($938.7 million), the project will have an annual capacity of 280,000 new energy vehicles," project director Wu Kezhi told Xinhua.

Chongqing is planning to launch 1,123 major projects this year, with total investments up 18.5 percent from a year earlier. The city has set the GDP growth target at over 6 percent for 2023.

Also in January, Liangjiang New Area in Chongqing signed 28 projects totaling over 30 billion yuan at its global promotion conference, as it has sped up its efforts to attract more international investment.