Chongqing expands over 82,400 square kilometres with a population of 29.9 million by the end of 2014. The gross domestic product of Chongqing’s increased by 10.7% in the first quarter of 2015.
Chongqing is one of China’s four municipalities that are controlled directly by the central government, but it is structurally quite different from the other three. Most of Chongqing is rural, with urban population at only 59.6% of its total population, compare to 89% urban population of Shanghai.
It was established in 1997 as part of China’s initiatives for speedier economic development in central and western regions. The region’s The Three Gorges Project has strong implications in tourism, relocation of residents and environment protection and contributed to the development of Chongqing’s as well as the western region’s economy as a whole. The Chongqing municipal government will implement the national strategy of “One Belt, One Road” by building the Yangtze River Economic Belt in December 2014.
The municipal government will further reinforce its strategic position as a shipping centre in the middle parts of Yangtze as well as a national logistics hub to improve connectivity and influence under the “Belt and Road” and Yangtze River Economic Belt initiatives. It is reported that up to Rmb1.2 trillion in infrastructure. The city will also be developed into a financial centre and technology education centre.
Chongqing is a major place for automobiles, military, iron & steel and aluminium industry in China, region dominated by heavy industry. According to 2013 figures, of the municipality’s gross industrial output, heavy industry accounted for 73%. Additionally, Chongqing’s electronics and related industries have grown steeply in recent years. In 2013, the production share of the gross output of telecommunication equipment, computers and other electronic equipment industries rose to 13.5% in 2013 from 11.4% in 2012.