On February 8, 2025, Chongqing held the 2025 Municipal Commerce (China-Singapore Connectivity Initiative) Work Conference.
Over the past year, in the face of complex domestic and international challenges, the city’s commerce system has followed the directives of the municipal Party committee, the municipal government, and the Ministry of Commerce. By focusing on stabilizing growth, mitigating risks, driving reform breakthroughs, and supporting enterprises and the public, Chongqing has advanced comprehensive reforms, expanded high-level openness, boosted consumption, and taken all possible measures to stabilize foreign trade and investment. These efforts have ensured stable and sustained growth in the commerce sector, contributing to the city’s high-quality socio-economic development and the broader modernization of Chongqing.
While the overall landscape of commerce development remains complex, it is also important to recognize the opportunities presented by strengthened national policy support, the accelerated release of reform dividends, and the accumulated momentum of Chongqing’s stable reform and development. The steady progress in building a modernized Chongqing provides significant opportunities for the city’s commerce sector.
2025 marks the final year of the 14th Five-Year Plan and a critical phase for deepening the modernization of Chongqing. The commerce system must maintain confidence and determination, prioritize action, and push forward with ambition. Efforts will focus on building an international consumption hub, a west-south international economic cooperation center, and a leading inland international cooperation zone, with a strong emphasis on implementing the "6655" action plan for high-quality commerce development. The conference called for a solid start in 2025 to achieve an early breakthrough.
2025 Chongqing Commerce Development Targets
Build an International Consumption Hub, a West-South International Economic Cooperation Center, and a Leading Inland International Cooperation Zone.
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Total retail sales of consumer goods to grow by 5%
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Foreign trade imports and exports to maintain positive growth
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Actual utilized foreign investment to increase by more than 4%
"6655" Action Plan for High-Quality Commerce Development
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Six Major Projects to Expand Consumption
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Product Consumption Upgrade Project
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Service Consumption Expansion Project
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Consumption Platform Enhancement Project
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Consumer Activity Empowerment Project
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Commerce Entity Capacity Building Project
Six Initiatives to Stabilize Foreign Trade
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Trade-Industry Integration Enhancement Initiative
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Innovation Demonstration Initiative for New Business Models
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Service Trade and Digital Trade Upgrade Initiative
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Foreign Trade Comprehensive Service System Initiative
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Deepening International Market Expansion Initiative
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Enhancing the Integration of Domestic and Foreign Trade Initiative
Five Measures to Stabilize Foreign Investment
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Major Project Investment Attraction Drive
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Host 100 Exhibitions and Investment Matchmaking Events
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Improve the Foreign Investment Policy Support System
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Strengthen Investment Promotion in the Modern Service Industry
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Enhance and Optimize the Business Environment
Five Actions to Deepen Reform
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High-Quality International Cooperation Deepening Action
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High-Level Open Platform Development Action
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Alignment with High-Standard Trade Rules Action
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Efficient Governance Enhancement Action
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High-Level Security System Development Action
■ Go All Out to Boost Consumption
Leverage the "Replace Old with New" policy, optimize subsidies, and strengthen government-enterprise collaboration to drive major consumption growth with minimal investment.
■ Stabilize Foreign Trade by All Means
Enhance policy support, accelerate the establishment of an "online + offline" comprehensive foreign trade service system, stabilize goods trade, enhance service trade, and drive innovation in digital trade.
■ Deepen China-Singapore Connectivity Initiative Cooperation
Deepen China-Singapore cooperation and advocate for national-level guidance on the China-Singapore Connectivity Initiative. Mark the 10th anniversary with a series of events, facilitate bilateral mechanism meetings in Chongqing, and host key events such as the China-Singapore Financial Summit, "Chongqing-Singapore Week," and "Singapore-Chongqing Week." Advance major projects, including the Life Science City, Hub Port Industrial Park, and Chongqing East Station International Medical Complex, creating new landmark achievements.
■ Full-Throttle Investment Attraction
Focus on foreign investment and the modern service industry, deepen high-level domestic and international cooperation, enhance services for existing foreign enterprises, and actively promote capital expansion and business growth.
■ Enhance Free Trade Zone Development
Drive institutional innovation in trade, investment, capital flows, personnel exchanges, and data security to enhance the Free Trade Zone’s openness, systematic reforms, and overall economic quality.
■ Deepen Business Sector Reform and Innovation
Continue expanding pilot programs for service sector opening, domestic-foreign trade integration, and market procurement trade. Strive to eliminate institutional barriers and establish a system aligned with high international trade and economic standards.
■ Strengthen Risk Prevention in Business Operations
Maintain a strong focus on safety, improve management systems, enforce accountability, and ensure the effective implementation of all safety measures to uphold stability.