On May 18, the Chongqing Municipal People's Government and China Ordnance Equipment Group Co., Ltd. signed a strategic cooperation agreement on the deep integration of military, civilian and military development. The agreement clarifies that the two sides will jointly build a five-party cooperation focus on the weapons and equipment supply support base of our military into a system.
It is understood that the work teams of the two sides have had many exchanges in the fields of military products, automobiles, high-end intelligent equipment, aviation industry and production service industry in the early stage of the Chongqing Municipal Government and the China Armament Equipment Group, and reached a consensus on cooperation. Signing of the agreement.
According to the agreement, by 2020, China Ordnance Equipment Group Co., Ltd. will strive to achieve the following goals: operating income will reach 370 billion yuan, an average annual growth rate of 11%, continue to lead and drive the development of related industries in Chongqing. The fixed assets investment is 40 billion yuan, the investment intensity is not lower than the “Twelfth Five-Year Plan”, and the degree of resource intensive utilization is further enhanced. Accumulated technology investment of 80 billion yuan, accounting for more than 5% of operating income, and effectively enhance the company's ability to innovate and develop.
In addition, the key points of this cooperation have been clarified: first, to jointly build a weaponry and equipment supply support base for our military to build a system; second, to support the Chongqing Military Industry Group, which is supported by the Bingzhuang Group; and third, to support the high-end brand cars such as Lincoln in the Bingzhuang Group. The layout of Chongqing will jointly promote the automobile industry to become stronger and bigger and better; Fourth, the Bingzhuang Group will actively participate in the cultivation of Chongqing's emerging industries, increase the cultivation and development of high-end intelligent equipment industry, and participate in the layout of Chongqing's aviation industry chain; Sex service industry.

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