Chengdu Eastern New Area topped a list of the 100 urban new areas with the most development potential (2022) released by the Research Institute of the China Center for Information Industry Development (CCID) late last year.

The institute constructed a development potential index evaluation system from the five dimensions of new industry, new technology, new business form, new space and new model, and evaluated and screened new urban areas at and below the provincial level. The Chengdu Eastern New Area was the most competitive in creating job and providing new development space, according to the institute.

The reason why Chengdu Eastern New Area could stand out among the new urban areas in China is that it is located in the core city of the national strategy to construct the Chengdu-Chongqing twin city economic circle, and the new area helps Chengdu accelerate its integration into the regional development pattern, the institute said.

The Eastern New Area of Chengdu, as an important pivot to the twin city economic circle, functions as a key part of Chengdu where enterprises, capital and talents, particularly in the high-end manufacturing and emerging industries, can relocate.

Thanks to the support of Chengdu and Sichuan province, the Eastern New Area of Chengdu kept a good momentum of high-quality development last year. By the third quarter of 2022, 357 key projects have been implemented in the new area, with a total investment of 576.05 billion yuan ($83.66 billion).

Researchers of the institute suggested that the new area can form complete industry chains, further enhance its competitiveness in technology, funds and talents and strengthen cooperation with key institutes in Chengdu so that more research findings can be industrialized first in the new area.