Historically, Chongqing
has been a major trading inland port, transporting
goods from the southwestern provinces to eastern China.
During the Sino-Japanese War (1937-1945), Chongqing
was transformed into a heavy industrial city, especially
the military industry which continued to thrive for
decades after 1949. Since the 1980s, many of these
military industry enterprises have undergone reforms
and turned from producing military goods to mostly
civilian products for survival and growth.
Chongqing waterfront on the Jialing. See the funicular
article for some details.Chongqing is rich in natural
resources, with more than 40 kinds of minerals. Its
coal reserves are estimated to be 4.8 billion tonnes.
The Chuandong Natural Gas Field in Chongqing is China's
largest inland production base of natural gas, with
deposits of 270 billion m³, accounting for more than
one-fifth of China's total. Chongqing also contains
China’s largest reserve of strontium, and China has
the 2nd largest reserve of the mineral in the world.
Important industries in Chongqing include mining,
iron, steel, aluminum, military, auto, motorcycle,
chemical, textiles, machinery, electronics, building
materials, food processing, retail, and tourism.
Chongqing is also home to Asia's largest aluminum
plant - South West Aluminium - which rolled out 213,000
tonnes of finished products in 2004 - for companies
engaged in building materials, printing, electrical
appliances, aerospace, packaging, and vehicle production
. Chongqing's agricultural sector still employs a
significant portion of the population. Other than
rice, fruits especially oranges are important sources
of income for the farmers. In the past 25 years,
surplus labor resulted a huge number of farmers to
migrate to the relatively more developed industrial
centers of southern and eastern China for employment
opportunities, thus making Chongqing one of the biggest
labor export areas in China.
A close-up on the People's Liberation MonumentThe
central government has recently embarked on an economic
policy that is aimed to develop western China - China
Western Development strategy. As part of this new plan,
the central government has heavily invested in Chongqing's
infrastructure and has made a plan for Chongqing to
become the "Gateway to the West". Located
at the head of the reservoir behind the Three Gorges
Dam, Chongqing is planned to be the beachhead for the
development of the western part of the country. With
the completion of the Three Gorges project, its reservoir
will bring ocean going ships to the quays of Chongqing.
By some counts already the world's biggest city, Chongqing
and its population of 32 million are busy reinventing
themselves. The hope is that this gritty fogbound megalopolis
can do for China what Chicago did for the United States
in the 19th century: open up the interior, shift the
country's centre of gravity west, and kick-start an
economic superpower. Massive public works are currently
under way in the city, including overhead and surface
commuter rail lines connecting the many districts of
the city. Foreign investment in the city is growing
at a fast pace. Chongqing is enlarging its commercial
sector. New development zones such as the Chongqing
New North Zone (CNNZ) located north of the downtown
district have been established to form Chongqing's
modern 21st century industrial base.
In 2005, the nominal GDP of Chongqing municipality
was 310 billion yuan (US$38.75 billion), a rise of
11.5% year-on-year. Its per capita GDP was 11,068 yuan
(US$1,383). The primary, secondary, and tertiary industries
of Chongqing were worth 46.342 billion yuan, 125.832
billion yuan, and 134.736 billion yuan respectively. |