Core Insights - Nanchong is transitioning from traditional industries to new sectors, showcasing resilience and innovation in its industrial development [4][5] - The city is focusing on enhancing its chemical industry, leveraging its natural gas and oil resources to drive growth [4] - Nanchong's economic environment has improved significantly, attracting new businesses and fostering a collaborative ecosystem for industrial development [5] Industry Developments - Nanchong's chemical industry, particularly in 1,4-butanediol (BDO) and purified terephthalic acid (PTA), is expanding despite market challenges, with plans to increase BDO production capacity by 30,000 tons this year [4] - The city has established eight industry chain task forces to streamline policies and resources towards industrial growth [4] - In Q1, Nanchong's key industries, including chemicals and textiles, achieved a total output value of 22.55 billion yuan, marking a 15.6% year-on-year increase [5] New Technologies and Products - The first hydrogen-powered public bus developed by Geely in Nanchong can run 600 kilometers on a 10-minute refueling, highlighting advancements in clean energy vehicles [4] - Nanchong is also seeing innovations in the flexible circuit board sector and the development of high-tech living modules that utilize vacuum insulation technology [5] Talent and Workforce Development - Nanchong is prioritizing talent development to support its industrial growth, with initiatives to align vocational education with industry needs [5] - The city has established specialized institutions to train skilled workers, aiming to supply over 20,000 skilled talents annually from its vocational schools [5] - Local companies, such as Sanhuan Electronics, are expanding their workforce and production capabilities, driven by the availability of skilled labor in the region [5]