Find China Suppliers in Chongqing

Kompass:the specialized directory you need for Chongqing

With a population of 32.0 million residents and land area of 824,000 square kilometers, Chongqing is the youngest but largest and most densely populated municipal city.
Chongqing is rich in mineral resources. 75 types of minerals have been discovered and 40 have yielded reserves. These include coal, natural gas, manganese, mercury, aluminum, marble, limestone and strontium.

Chongqing is China's third largest centre of motor vehicle production and the largest for motorcycles. In 2007, it had an annual output capacity of 1 million automobiles and 8.6 million motorcycles. Leading makers of cars and motor bikes include Changan Automotive Corp - China's fourth biggest automaker and Lifan Hongda Enterprise. The municipality is also one of the 9 largest iron and steel centres in China and one of the three major aluminium producers. Important manufacturers include Chongqing Iron and Steel Company and South West Aluminium - Asia's largest aluminum plant. Agriculture remains significant. Rice and fruits (especially oranges) are the area's main produce. Natural resources are also abundant with large deposits of coal, natural gas, and more than 40 kinds of minerals such as strontium and manganese, although the mining sector has been criticised for being wasteful, heavily-polluting, and unsafe. Chongqing is also planned to be the site of a 10-million-ton-capacity refinery operated by CNPC (parent company of PetroChina) to process imported crude oil from the Sino-Burma pipelines. The pipeline itself, though not yet finished, will eventually run from Sittwe (in Myanmar's western coast) through Kunming in Yunnan province before reaching Chongqing and it will provide China with fuels sourced from Myanmar, the Middle East, and Africa. Recently, there has been a drive to move up the value chain by shifting towards hi-tech and knowledge-intensive industries resulting in new development zones such as the Chongqing New North Zone (CNNZ). Chongqing's local government is hoping through the promotion of favorable economic policies for the electronics and information technology sectors, that it can create a 400 billion RMB high tech manufacturing hub which will surpass its auto industry and account for 25% of its exports.

The city has also invested heavily in infrastructure to attract investment. The network of roads and railways connecting Chongqing to the rest of China has been expanded and upgraded reducing logistical costs. Furthermore, the nearby Three Gorges Dam - the world's largest - will not only supply Chongqing with power once completed but also allows ocean-going ships to reach Chongqing's Yangtze River port.These infrastructure improvements have led to the arrivals of several foreign investors in industries ranging from auto to finance and retailing such as Ford, Mazda, HSBC, Standard Chartered Bank, Citibank, Deutsche Bank, ANZ Bank, Scotiabank, Wal-Mart, Metro AG and Carrefour.

Chongqing's nominal GDP in 2009 reached 652.8 billion yuan (US$95.5 billion) while registering an annual growth of 14.3%. However, its overall economic performance is still lagging behind eastern coastal cities such as Shanghai. For instance, its per capita GDP was 22,909 yuan (US$3,301) - below the national average. Nevertheless, there is a massive government support to transform Chongqing into the region's economic, trade, and financial centre and use the municipality as a platform to open up the country's western interior to further development.

Chongqing has been identified by the Economist Intelligence Unit in the November 2010 Access China White Paper as a member of the CHAMPS (Chongqing, Hefei, Anshan, Maanshan, Pingdingshan and Shenyang), an economic profile of the top 20 emerging cities in China.

source: wikipedia