Round Table China Chongqing's ascent to the Trillion-Yuan club
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Feb 26, 2025 Chongqing's economic rise is nothing short of remarkable, now standing as China's fourth-largest economy in the trillion-Yuan club. The bustling city is not just about GDP; its unique cultural charm sets it apart from traditional giants like Beijing and Shanghai. With a thriving film industry fueled by stunning landscapes and rich history, Chongqing is becoming a cinematic hotspot. The city is also transforming into a high-tech manufacturing hub, showcasing advancements in robotics and digital technology that position it for global prominence.
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Chongqing's Economic Rise
- Chongqing joined China's trillion-yuan GDP club, surpassing Guangzhou.
- Chongqing achieved a 5.7% GDP growth rate, significantly higher than Guangzhou's 2.1%.
First-Tier Cities vs. Chongqing
- First-tier cities in China play a crucial role in the country's economy and politics.
- Chongqing's inclusion in the trillion-yuan club is notable as it's not a traditional first-tier city.
Chongqing: The Mountain City
- Chongqing, a municipality directly controlled by the central government, is nicknamed "mountain city."
- Its vast area, over 80,000 square kilometers, is over 50 times larger than London.