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The CBIRC on June 18 pledged sustained efforts to spur faster economic recovery, and ensure stable employment and development of enterprises to cushion the impact of the epidemic.

Many enterprises, though hit hard by the epidemic, have promising business prospects and sound credit records, Guo Shuqing,

followed by Hong Kong Special Administrative Region, the EU and the U.S.

According to customs data, mechanical and electrical goods and labor-intensive products were the primary export commodities.

The import volume of mechanical and electrical products was relatively large, while bulk commodities such as iron ore, copper ore and soybean also grew in varying degrees. and 5,000 micro, small and medium firms as well as innovative teams in the digital economy sector by 2022.

The city will focus on industries related to integrated circuits, intelligent terminals, software and information service, artificial intelligence and blockchain, and create big industrial clusters.

Chongqing also plans to invest 398.3 billion yuan ($56.2 billion) between 2020 and 2022 in a series of new infrastructure projects to stimulate the integration of the digital economy with the real economy.

Chongqing’s digital economy is booming, with its added value surging 15.9 percent year on year in 2019.

Last October, China announced to build six national-level pilot zones for innovation and development of the digital economy. The pilot zones will be established in Xiongan New Area in Hebei Province, Chongqing Municipality, as well as Zhejiang, Fujian, Guangdong and Sichuan provinces.