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Chongqing and Economic Trends

Chongqing is a municipality located in the southwestern part of China, in the upper reaches of the Yangtze River. With an area of 82,000 km2, it hosts a resident population of 32 million of people. In the list of new first-tier cities in 2021. It has jurisdiction over 26 districts, 8 counties and 4 autonomous counties. Chongqing is the only municipality directly under the Central Government in the central and western regions of China.

Chongqing is bordered by the provinces of Shaanxi to the north, Hubei to the east, Hunan to the southeast, Guizhou to the south and Sichuan to the west.

Chongqing is home to one of the most important inland ports in China. Chongqing Jiangbei International Airport, located in Yubei District, also provides a relevant connection between the municipality and the rest of China and the world. The railway network spans 1,768 kilometers, with 106 international routes. In 2020, the construction of the Chongqing-Hunan high-speed railway, an important part of the Xiamen-Chongqing high-speed railway, began.

Chongqing is rich in tourism resources, with landscapes such as the Three Gorges of the Yangtze River, Dazu Rock Carvings, a world cultural heritage, Wulong Karst, a world natural heritage, and Jinfo Mountain in Nanchuan.

Main Sectors in Chongqing:

  • technology industry

  • biological industry

  • new material industry

  • high-end equipment manufacturing industry

Main Industrial Areas in Chongqing:

  • Rongchang High-tech Industrial Development Zone.

  • Yongchuan High-tech Zone.

  • Part of Chongqing High-tech Industrial Development Zone (Jiulongpo)

  • Chongqing Bishan National High-tech Zone.

  • Chongqing Economic and Technological Development Zone.

In 2021, Chongqing’s GDP reached 2,789.4 billion RMB, with an increase of 8,3%. The per capita disposable income of residents in the city was 30,824 yuan, with an increase of 6,6% over the previous year. The per capita disposable income of all residents in 2021 increased by 9,7%.

The total import and export of goods reached 651,336 billion yuan, with an increase of 12.5% over the previous year. Among them, exports were 418,748 billion yuan, a year-on-year increase of 12.8%; imports were 232,588 billion yuan, a year-on-year increase of 11.9%. According to estimates, it is considered that in 2021 the total import and export value had increased by 22.8 %.

China (Chongqing ) Pilot Free Trade Zone

The China (Chongqing) Pilot Free Trade Zone was established on April 1, 2017 and covers an area of 120 km2, divided into three parts - Liangjiang New Area, Xiyong Area and Guoyuangang Area. The CFTZ is geographical hub of the Belt and Road and Yangtze River Economic Belt, as well as the essential pivot of Western China Development Strategy.

In 2021 the CFTZ has newly registered 14,393 enterprises (including branches) with a total registered capital of 140.97 billion RMB. Among them, 129 registered foreign-funded enterprises were newly added, with a registered capital of 843 million USD. 757 projects were introduced, and the total amount of contracts signed was 198.304 billion RMB. By the end of the year, a large number of iconic projects such as Tencent, Alibaba, Baidu, Ziguang chips and SK Hynix Phase II have been launched.


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