Chongqing- Chongqing reported progressive economic growth in 2021, local government data shows. According to Chongqing Statistics Bureau, the gross domestic product (GDP) of Chongqing reached 2,789.4 billion yuan (about 439.87 billion U.S. dollars) in 2021, surging 8.3 % from a year earlier. Chongqing's GDP growth rate runs faster than China's GDP growth rate: 8.1 %.
Chongqing's gross domestic product (GDP) reached 2,789.4 billion yuan (about 439.87 billion U.S. dollars) in 2021. (iChongqing/Ran Zheng)
"The average growth rate in the last two years reached 6.1 %," said the official with the bureau.
Stable development of food production
Grain production has developed steadily, with the production totaling 10.93 million tons and acreage of about 20,131.9 square kilometers, achieving a rise of 1.1 % and 0.5 %, respectively.
In 2021, Chongqing's grain production developed steadily. (iChongqing/Ran Zheng)
Emerging driving forces in the industry
The added value of industrial enterprises above the designated size grew by 10.7 %. Among them, the automobile and motorcycle industry and the electronic industry witnessed a rise of 11.3 % and 17.3 %.
In 2021, Chongqing showed emerging driving forces in the industry. (iChongqing/Ran Zheng)
Besides, the equipment, materials, and consumer goods industries' added value expanded by 16.8 %, 5.9 %, and 8.9 %, respectively.
A sustained recovery in the service sector
The city's tertiary industry's added value totaled 1,478.71 billion yuan (about 233.18 billion U.S. dollars), up 9 % over the previous year.
In 2021, Chongqing's tertiary industry's added value totaled 1,478.705 billion yuan (about 233.18 billion U.S. dollars). (iChongqing/Ran Zheng)
E-commerce platforms saw rapid development, spurring the need for express delivery services. Throughout the year, the package volume of express delivery service enterprises reached 979 million pieces, up 34 % year on year.
The emergence of new industries and new models
Throughout the year, the retail sales of consumer goods have made a great contribution, in a total of 1,396.77 billion yuan (about 220.26 billion U.S. dollars), up 18.5 % over the previous year.
In 2021, the retail sales of consumer goods will have greatly contributed to Chongqing. (iChongqing/Ran Zheng)
The annual retail sales of the commercial and trade organizations above designated size through the public network rose by 27.3 % than the previous year.
Fast-growing investments in manufacturing
The annual investment in manufacturing is enthusiastic, which rose by 10.6 % than the previous year. The annual investment in social sectors increased by 32.8 %. Specifically, the annual investment in sports rose by 95.3 %.
In 2021, Chongqing's annual investment in manufacturing rose by 10.6 % than the previous year. (iChongqing/Ran Zheng)
Stability of the real estate market
The annual construction area of commercial housing in the city reached 269 million square meters, which indicates the overall stability of the real estate market.
A slight increase of 0.9 % in commercial housing sales area reaching 61.98 million square meters.
In 2021, Chongqing slightly increased by 0.9 % in commercial housing sales, reaching 61.98 million square meters. (iChongqing/Ran Zheng)
Stable consumer prices
In 2021, consumer prices in the city increased by 0.3 %, which is 0.6 % less than national consumer prices.
Recovery growth of residential income
As for locals, in 2021, the per capita disposable income of permanent residents in the city was 33,803 yuan (about 5330.53 U.S. dollars ), with a year-on-year increase of 9.7 %, faster than the city's overall economic growth rate.
As COVID-19 continues to make the overall economy difficult, Chongqing has grown into an attractive destination for consumers from home and overseas.