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Chongqing Overview

 Location in Southwest China:

 

Background*

Lying at the intersection of the Yangtze and Jialing rivers, Chongqing is one of China's largest cities and is said to be the fastest growing metropolitan area in the world.  Formerly known as Chungking, it was the Republic of China's wartime capital from 1937 to 1945.  Chongqing is one of the PRC's four direct-controlled municipalities (the other three are Beijing, Shanghai and Tianjin).The municipality, formerly a part of Sichuan, was created in 1997.

Land Area: 82,400 sq. km

Population: 28.8 million

Climate: Humid subtropical monsoon climate, with exceptionally hot summers averaging 30 degrees Celsius in August. Winters are mild, but damp and overcast.

 

Economy

Under the central government's Great Western Development Policy, Chongqing has experienced double digit growth every year since 1997, and is a major industrial and logistics center for western China. With the approval of the Two Rivers New Area economic zone, Chongqing sees itself as positioned to become western China's Shenzhen or Pudong.

Local GDP (2011): $232 B
Per Capita GDP: $5,373
Growth Rate: 16.5%
Number of US Companies in Chongqing: 517
Value of Registered US Companies: $1.6 B

 

Trade Statistics

                           Export (billion USD)    Import (billion USD)
2010                            $7.49                            $4.94
2009                            $4.28                            $3.43
2008                            $5.72                            $3.80
2007                            $4.51                            $2.94

Country             Export (billion USD)     Import (billion USD)

Asia                             $3.0                               $2.5
Europe                        $1.6                               $1.1
N. America                  $1.1                               $0.73
S. America                   $0.3                               $1.1

Major trade partners are: EU, U.S.A. and Japan

 

Key Industries

 A. Non-Agricultural
- Chemical and Pharmaceuticals
- Automobile/Motorcycle
- Equipment Manufacturing
- Information Technology
- Mechanical and Electrical Equipment
- Metallurgy Equipment
- Aircraft Parts

B. Agricultural
- Oilseeds and Cotton
- Natural Rubbers
- Processed Foods


 

 

* Source - US Department of Commerce, U.S Commercial Service