Periscope Ep. 5: Chengdu-Chongqing Economic Circle is future-oriented strategy
China has issued a master plan to construct the Chengdu-Chongqing Economic Circle as part of efforts to form a new super-region in the country's southwest.
The plan, made public on October 20 by the Communist Party of China Central Committee and the State Council, laid out a series of measures ranging from scientific and technological innovation to urbanization and 5G network expansion and pilot free trade zones, aiming to turn the economic circle into a new driver and a growth engine of high-quality development.
CMG takes a closer look at the development of the dual-city economic circle with the series "Periscope", with stories of six long-term foreign residents.
Federico Gaiazzi, general manager of SAIC FIAT Powertrain HONGYAN Co., Ltd., says the Chengdu-Chongqing Economic Circle is a clear future-oriented strategy of the Chinese government. Chengdu and Chongqing are complementary to each other and the Chengdu-Chongqing region is full of vitality, he says, adding that the strategy will bring better infrastructure and more competitive talent to his company and help people enjoy a higher quality of life.