Chongqing economy & business

Chongqing has been showing breakneck growth over the past decade, hence practically opening up and driving forward the development of China’s vast western regions. This future megacity is on the way to become a top financial center and already is a core manufacturing hotspot, reachable by ocean-fit container vessels via the Yangtze River.

The city is serving the broader plan to interconnect China more intensively than ever with the outside world.

When Chinese leader Deng Xiaoping died in 1997, Chongqing was administratively elevated to become the first inland „directly controlled municipality“, joining the coastal, well-developed cities of Beijing, Tianjin and Shanghai in this respect. More and more preferential policies were launched in the following years, triggering a modern urban success story of a kind rarely seen before.

Chongqing since has emerged as the pure embodiment of a landlocked East Asian metropolis undertaking its high-fly.
Impressive skyscrapers with significant names like „World Trade Center“ and „World Financial Center“ want to show us where we’re heading to. High up on the hills these buildings look down on myriads of vessels and cruisers that are heading east towards the world’s biggest dam, one of the main agglomeration areas globally and the world’s biggest port.

There are currently about 9 million citizens in „Chongqing proper“
, and in the high-speed race against its local competitor, Chengdu, more and more people are flocking in, fuelling the thriving real estate market and satisfying the demands of international companies for a growing workforce in the industrial parks. A full 20 million people are expected to live in this city once the buildup has been completed.

Read the full article