One of the best destinations in China to do business or invest in, the city of Chongqing has much to offer and here are some insights worth knowing.
Overview
Chongqing has a rich history going back around 3,000 years and is the point from which the Yangtze River begins its journey. It plays an important role in the country’s economy and today has grown into one of the world’s biggest cities with a population of more than 30 million. The growth rate of the GDP has shown a consistent increase, while the fact that it’s an air, river, road and rail transportation hub makes it an ideal choice for logistics service providers.
Business in the City
The city is a thriving place to conduct business, especially in areas like the Yu Zhong district which is an economic and entertainment hub, and the ideal place in which to find accommodation; Chongqing offers serviced apartments that cater to corporate travellers including those at properties like Somerset Yangtze River Chongqing that’s close to the Jiefangbei Central Business District and key office buildings.
Government Initiatives
In western China, Chongqing has been designated as a key hub by the government that has helped propel economic growth in the region, while it also benefited from initiatives like the ‘Go West’ strategy. Additionally, the setting up of the Chongqing Pilot Free Trade Zone and Chongqing Liangjiang New Area as well as the Chengdu-Chongqing Cities Cluster Development Strategy have all helped the city and region develop further.
Links to Australia
Australia is amongst the key international destinations that have close ties with Chongqing which offers investors lucrative business and trade prospects. This dynamic Chinese city continues to provide opportunities for those from Australia (and other parts of the world) in areas like food and beverages, wine and infant formula which have great local demand; tourism is also a key sector with direct flights from Australia to Chongqing established as well.
