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Chongqing Economy

 

Chongqing has the advantages of the Changjiang River and the southwestern areas. The geographical place is advantageous. Chongqing is the municipality under central authority with the largest population and the biggest administrative area. In 1949, the city's GDP has been stood at less than 1.4 billion yuan, which grew to 148.8 billion yuan in 1999. The average annual growth rate hit 6.9% according to the comparable prices.

Industry is the mainstay of Chongqing's economy. There are almost 10,000 factories with fixed assets of over 73 billion yuan and a working staff of 1.2 million. Its pillar industries include machine building, metallurgy, chemicals, environmental protection, foods and tourism. In addition, prominent industries, such as electronics, building materials, glass and ceramics and daily use chemicals are also comparatively well developed.

The automobile and motorcycle industries in Chongqing together with those in Shanghai, Changchun and Shiyan are regarded as the four biggest motor vehicle manufacturing centers in the country. Chongqing is one of China's six chemical production bases. The major ones are natural gas chemicals and fine chemicals. It is also one of the ten iron and steel production bases across the country.

Chongqing has a vast rural area. The unique geographical conditions and nice climate provide favorable factors for Chongqing to develop vertical agriculture and ecological agriculture.

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