From Hot Pot to High-Tech: Chongqing’s Rise as an Economic Titan
Known as the \”Mountain City\” for its steep hills and winding rivers, Chongqing has long been famous for its spicy hot pot and stunning landscapes. But this vibrant city in the Chinese mainland is now making headlines for another reason: its booming economy.
A City Bigger and Busier Than You Think
Imagine a city 67 times the size of New York City—that’s Chongqing. Spanning over 82,400 square kilometers along the Yangtze River and home to nearly 32 million people as of 2023, Chongqing is a sprawling metropolis that’s redefining what it means to be a mega-city.
In 2024, Chongqing’s GDP soared to a staggering 3.2 trillion yuan ($442 billion), marking a 5.7% year-on-year growth. This impressive leap allowed Chongqing to surpass Guangzhou, making it the fourth-largest city by GDP in China. Guangzhou, by comparison, recorded a GDP of 3.1 trillion yuan, growing at a slower rate of 2.1%.
A Multifaceted Growth Story
So, what’s fueling Chongqing’s rapid ascent? The answer lies in a dynamic mix of industries—from filmmaking to high-tech manufacturing.
A Cinematic Hotspot
Chongqing’s unique urban landscapes and historical sites have turned it into a magnet for filmmakers. With over 100 film crews visiting each year, iconic locations like the Baisha Film and Television Base have become international backdrops. Films like \”Back to 1942\” and \”Better Days\” have showcased the city’s tube-shaped apartment blocks and the breathtaking Chaotianmen Bridge, attracting fans from around the world.
Tech-Driven Manufacturing Hub
The city is a leader in intelligent manufacturing, focusing on digital technology, new energy, and innovative materials. By the end of 2023, Chongqing had established 144 intelligent factories and 958 digital workshops. If you’re using a laptop, there’s a good chance it was made here—almost 50% of the world’s laptops are produced in Chongqing.
Revving Up the Automotive Industry
Chongqing is also making significant strides in the automotive sector. In 2024, the city produced over 2.5 million vehicles, a 9.4% increase from the previous year. The spotlight, however, is on New Energy Vehicles (NEVs). With over 953,000 NEVs manufactured in 2024—a staggering 90.5% growth—Chongqing is driving into a sustainable future. NEV exports are booming too, with 43.13 billion yuan in auto exports, up 94% year-on-year. Companies like Seres, which co-develops NEVs with tech giant Huawei, are leading the charge, delivering nearly 18,000 units in January 2025.
Reaching for the Stars
Not content with ground-level achievements, Chongqing is setting its sights on the aerospace industry. Specialized industrial parks focused on satellite navigation and satellite internet are propelling the city’s aerospace information industry, which boasts an annual growth rate exceeding 15%. By 2027, Chongqing aims to generate an output value of 50 billion yuan in this sector.
Government Support Fuels the Boom
Behind Chongqing’s success is a supportive government offering substantial backing. In 2024, tax and fee reductions totaling 36.1 billion yuan provided a significant boost to innovation and industrial upgrades. Investment subsidies and business-friendly policies are attracting both domestic and international companies, creating a fertile ground for continued growth.
A Hot Future Ahead
Chongqing is more than just a city with spicy hot pot and scenic views; it’s a rising economic titan with a bright future. Its strategic location, massive population, and pro-business environment make it a magnet for investment and innovation. Whether you’re interested in its culinary delights, cinematic charm, or cutting-edge industries, Chongqing is a city that promises excitement and opportunity at every turn.
