The BRI has transformed the economies of many cities of China and Chongqing is not an exception. It has increased its infrastructure, manufacturing potential, capacity of trans-regional connectivity, virtual reliability, scope and utility of digitalization, world-wide e-commerce acceptability, banking & finance integration and last but not the least human capital in China and the world alike. Now it is a connecting hub and pivotal to BRI’s strategic expansion and connectivity with Central Asia and the European Union.

The megacity of Chongqing stands as the world’s largest city by population, embodying a hub of transit, transformation, and transmission. This distinction renders it a unique nexus of innovation, modernization, and digitized industries. Chongqing, historically one of China’s old industrial bases, boasts prominence as a major center for automobile manufacturing, military production, as well as iron, steel, and aluminum industries within the nation. Its industrial landscape is predominantly characterized by heavy industry, yet recent years have witnessed robust growth in its electronics and related sectors.

Interestingly, Southwest China’s Chongqing Municipality has set its regional GDP growth target at about 6 percent for 2024 which is good omen for the overall GDP of China. It also aims to increase added value of industries above the designated size by seven percent, investment in fixed assets by four percent and general public budget revenue by six percent, while limiting the consumer price index increase to about three percent.

Even in 2023, Chongqing’s GDP surpassed three trillion Yuan (about $421.54 billion) for the first time, marking it as the fourth city in the country to achieve this milestone. It grew by 6.1 percent year-on-year, reaching over 3.01 trillion Yuan. Furthermore, the service industry in Chongqing continued to thrive, with major service enterprises in the city generating a total operating revenue of 517.9 billion........

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