Chongqing profile
Chongqing alwasys functions as the largest indeustrial and commercial center, and the traffic pivot at the upper reaches of the Yangtze River under the Central Govemment in West China in 1997, the economy of Chongqing has been soaring, and Chongqing has cultivated a sound investment environment, making Chongqing promptly becoming the first choice of demestic and foreign investors.
In March 2007, during the period of National PEOPLE’S Congress and Chinese People’s Political Consultative Conference, General Secretary Hu Jintao attended the meeting of Chonginqg delegationg and put forward that Chongqing will be built into an important growth pole in West China, an economic center in the region of the upper reach of Yangtze River and a municipality with development of urban and rural areas as a whole in an expedite manner so as to take the lead in achieving the target of establishment of modrately prosperous society in West China.In Jjune 2007, approved by the State Counvil, the National Development and Feform Commission formally approved Chongqing as the national reform and experimental area of comprehensive complementation of rural and urban area as a whole, which is another significant strategic development opportunity for in its 10th year since it became a municipality directly under the Central Govermment.
Broad Market Space
The administrative are of chongqing is 82，400 squarekilometers and the population is 32 million. It has a vast local market and powerful radiation ability on the neighboring provinces and cities, covering a perpheral market with a populationg of 300 million.
Dual Economic StructureThe dual economic structure of the coexistence of big urban and rural areas makes Chongqing have not only modern indeustry and service but also the agriculture with abundant products, which provides extensive cooperration field and numerous business opportunities.
Rapidly growing economyFrom 1997 to 2006, the annual average growth rate of GDP in Chongqing is more than 10% and the annual average growth rate of fixed assets is more than 20%, keeping a relatively long economic growth period. The total output in Chongqing in 2006 reached RMB 348.62 billion, up 12.2%; Investment on fixed assets of the whole society reached RMB 245.184 billion, up 24.9%; Total amount of export and import is US$ 5.47% billion, up 27.4%, including US$ 3.35 billion for export of foreign trade, up 33%; actual utilization of foreign capital valued US$ 700 million, up 34.9%. The export amount of foreign trade from January to April in 2007 reached US$ 1.23 billion, up 26.5% over the same period of last year, and the paid-up foreign capital valued US$ 190 million, up 37.6%.
Foreign capital: come in a continuous stream
Chongqing has established economic and trade relations with 180 countries and regions. Britain, Canada, Japan, Denmark and Cambodia have established consulates in Chongqing; Austria and Germany have established agencies of chambers of commerce in Chongqing. By the end of April 2007, the total number of foreign investment enterprises approved by Chongqing Municipal Government is up to 4,246.71 of Fortune Top 500 enterprises including Ford, BP, Ericsson, ABB, Lafarge, Carrefour, Metro, Isuzu Motors and Suzuki Motor have established their presence in Chongqing.
Sound Industrial Base
Chongqing is one of the six old industrial bases in China. It has a sound industrial base, with a complete range of industries and strong supporting capacity. Industry is the dominant force in national economy in Chongqing. There are 100,000 industrial enterprises. In 2006, the industrial added value in Chongqing was RMB 123.4 billion, up 18%. At present, six large key industries in Chongqing have been formed and cultivated, i.e. automobiles and motorcycles, petroleum and natural gas chemistry, equipment manufacture, new materials, high-tech and labor-intensive industry.
