Chongqing's development over the last two decades showcases a dramatic economic transformation, with a 16-fold increase in GDP per capita and a shift from heavy industry to automotive and IT sectors. The city has become a major player in global manufacturing, producing more cars last year than France and England combined. This rise reflects China's broader economic changes. Moreover, living costs remain favorable in Chongqing, with housing being substantially cheaper compared to Beijing and Shanghai, presenting a compelling urban lifestyle for residents and newcomers alike.
Chongqing has evolved remarkably, experiencing a 16-fold increase in GDP per capita over the past two decades, reflecting the rapid urbanisation and economic growth in China.
Historically dominated by heavy industry, Chongqing has now shifted focus to the automotive and IT sectors, marking a significant change in its economic landscape.
Last year, Chongqing produced more cars than France and England combined, showcasing its prominence in global manufacturing and export of technological goods.
The living conditions in Chongqing are notably more affordable, with housing costs substantially lower than in megacities like Beijing and Shanghai, offering larger living spaces.
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