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Chongqing will stick to the opening-up policy and continue to refine the investment environment for foreign investors, a senior official has announced.

"Chongqing is at a crucial stage of development and must continue its pace of opening-up," Zhang Dejiang, Party chief of Chongqing, said in a meeting with delegates from Saudi Basic Industries Corp.

Zhang added that the municipal government of Chongqing will continue to attract foreign investments to further boost development.