4F, Nongji Building, Xinhua Dong Road, Qianjinag District, Chongqing, 409000 China
Located on the Yangtze River, Chongqing is now the largest and most populous of China’s four provincial-level municipalities, and the only one in western China. With a population of more than 31,442,300, Chongqing is China’s largest city.
In 1997, the Eighth National People's Congress merged Chongqing with neighboring counties creating the new Chongqing Municipality, independent of Sichuan Province. The Chongqing Municipality has become the spearhead of China's efforts to develop the western interior regions and coordinate the resettlement of residents from the reservoir areas of the Three Gorges Dam project.
In recent years, Chongqing has attempted to promote hi-tech, knowledge-intensive industries. Chongqing makes up for its remote location with its highly-educated and relatively cheaper labor costs. In addition, Chongqing has invested substantial sums in infrastructure development. The network of roads and railways connecting Chongqing to the rest of China have also been expanded and upgraded in order to reduce the logistical cost of distributing and transporting goods in and out of Chongqing. In recent years, Ford Motor Company and Mazda have launched a joint-venture project with Chongqing Changan Automobile CO Limited , the largest local automobile manufacturer to open an assembly plant in the area with a capacity of 270,000 vehicles per year.
In addition to manufacturing, Chongqing has a large agricultural and mining industries. Chongqing also is rich in natural resources, with more than 40 kinds of minerals. Coal reserves are estimated to be 4.8 billion tones and the Chuandong Natural Gas Field in Chongqing is China's largest inland production base of natural gas, with deposits of 270 billion m³, accounting for more than one-fifth of China's total. Chongqing also contains China’s largest reserve of strontium, and is home to Asia's largest aluminum plant, South West Aluminium.
LEHMAN, LEE & XU’s Chongqing partner office provides our clients with a wide variety of legal services including advisory services concerning foreign direct investment, commercial law, intellectual property matters, and litigation. Please contact email@example.com for more information.