Investing in Chongqing

Investing in Chongqing. Chongqing is a municipality located in Southwest China and is a key logistical hub for the Belt Road Initiative project. Chongqing covers a total surface area of 82,300 km2 with a population of +32 million inhabitants.

Local authority data shows that Chongqing province recorded total exports of USD 61 billion and total imports of USD 34 billion, with 6,300 established foreign investment companies. In addition to an average urban salary of USD 11,928.

In terms of GDP among the provinces in China, Chongqing ranked 17th, reaching USD 362 billion in 2020 and USD 339 billion in 2019 with a GDP per capita of USD11,597. Along with GDP growth of +6.3% in 2019 and +3.9% in 2020.

Main Economic Centers (GDP) in Chongqing

• Yubei (USD 29 billion)

• Jiulongpo (USD 22 billion)

• Yuzhong (USD 20 billion)

• Jiangbei (USD 19 billion)

• Fuling (USD 18 billion)

Main Sectors in Chongqing

• Electronics

• Automotive

• Telecommunications

• Chemical

Main Industrial Areas in Chongqing

• Chongqing Pilot Free Trade Zone

• Chongqing High-Tech Industrial Development Zone

• Chongqing Liangjiang New Area

• Changshou Economic and Technological Development Zone

• Chongqing Economic and Technological Development Zone

• Wanzhou Economic and Technological Development Zone

• Bishan High-tech Industrial Development Zone

• Chongqing Xiyong Comprehensive Bonded Zone

• Chongqing Lianglu Cuntan Bonded Port Zone

• Chongqing Jiangjin Comprehensive Bonded Zone

(Chongqing) Pilot Free Trade Zone

Established in 2017 with the aim of promoting openness to western regions by supporting the Belt and Road initiative and the Yangtze River Economic Belt.

The target industries are high-end manufacturing, biomedicine, core electronic components, financial service, international logistics, professional services. Besides, the functional areas include the Liangjiang area (66.3 sq. km), Guoyuangang area (30.9 sq. km), and Xiyong area (22.8 sq. km).