Chongqing A Mountain City Achieving Economic Success

Chongqing, a hot pot hub, is now a key economic power in China, boosting NEV production and attracting investments.

Nicknamed 'Mountain City,' Chongqing is rapidly becoming one of China's economic heavyweights, surpassing Guangzhou in 2024 to claim the title of the fourth-largest city by GDP in China. Known for its fiery cuisine and stunning views, it is now also recognized as a manufacturing powerhouse and a cinematic hotspot.

Imagine a city 67 times the size of New York City – that's Chongqing, sprawling over 82,400 square kilometers along the Yangtze River. With a population of nearly 32 million as of 2023, the city is not just vast in area but also economically robust. In 2024, Chongqing's GDP reached 3.2 trillion yuan, reflecting a year-on-year growth of 5.7 percent.

Chongqing's growth is fueled by a diverse range of sectors, from its thriving film industry to its innovative tech-driven manufacturing sector, showcasing the city's expanding strengths.

The local film scene is flourishing, with over 100 film crews attracted to its unique landscapes and historical sites each year. Iconic locations, such as the Baisha Film and Television Base, have gained international attention, drawing fans from around the globe.

Chongqing is also leading in intelligent manufacturing, making significant strides in digital technology and new energy. With 144 intelligent factories and 958 digital workshops established by the end of 2023, the city plays a crucial role in global laptop production.

In the automobile sector, Chongqing confidently rolled out over 2.5 million vehicles in 2024, including an impressive 953,000 New Energy Vehicles—marking a remarkable 90.5 percent increase. NEV exports reached 43.13 billion yuan, highlighting the city's growing significance in the automotive industry.

The aerospace industry is also on the rise, with local initiatives focused on satellite navigation and internet applications. With an annual growth rate exceeding 15 percent, Chongqing's aerospace cluster is expected to generate 50 billion yuan in output value by 2027.

Behind these successes lie supportive policies from the Chongqing government. In 2024, significant tax cuts and investment incentives bolstered innovation and industrial upgrades, attracting both local and international companies to the region.

Looking forward, Chongqing's future appears promising. With its strategic location and a diverse industrial base, the city is well-positioned for investment and growth. Whether drawn by its culinary delights, technological advancements, or cinematic history, Chongqing is a city to watch.