The CCI is built on the fundamentals of modern connectivity and services to support China’s shift from a manufacturing-based economy to a service-oriented economy. It focuses on developing four priority sectors: financial services, aviation, transport & logistics, and information & communications technology (ICT). This multi-dimensional approach ensures the benefits reaped are not constrained by geography; rather, firms will be able to leverage Chongqing as a platform for them to expand to other parts of Western China. For example, as part of efforts to boost trade between the region and Southeast Asia, Singapore and China have developed the China-Singapore (Chongqing) Connectivity Initiative – International Land Sea Transport Corridor (CCI-ILSTC). The CCI-ILSTC significantly reduces transport time between Western China and Southeast Asia from three weeks via conventional transport to just one week, and also lowers related transit, customs and inspection costs by up to 80%.
The SSCIP is an integrated industrial and residential township that is expected to house 120,000 residents once fully completed in 2020. Almost all the office spaces have been taken up, with majority of the companies dealing in areas such as information communications, life sciences and artificial intelligence.
The Singapore-Sichuan Trade and Investment Committee (SSTIC) is a bilateral economic framework aimed at strengthening Singapore's economic relations with Sichuan Province. It was formed in May 1996 and comprises public and private sector members from Singapore and Sichuan. Mr Yin Li, Sichuan Governor, is an Advisor to the committee while Mr Ng Chee Meng, Minister, Prime Minister’s Office, and Mr Li Yun Ze, Sichuan Vice-Governor, are Co-Chairmen of the SSTIC.