Chongqing — China aims to expand its economy by over 6 percent in 2021, Premier Li Keqiang said in a government work report. In 2020, China's gross domestic product (GDP) broke through the 100-trillion-yuan ($15.5 trillion) mark, achieving an increase of 2.3 percent despite the impact of COVID-19, according to the National Bureau of Statistics. As the sole economy recording positive GDP growth last year, China has become the engine of world economic recovery and development.

 Southwest China's Chongqing Municipality contributed a regional GDP of 2.5 trillion yuan (about 386.07 billion U.S. dollars) in 2020, up by 3.9% over the previous year. 

Under the grave and complex challenges posed by the COVID-19 pandemic, Chongqing’s economic development speed has maintained steady growth and is leading the whole country. Besides, Chongqing has become a new foreign capital investment heartland since there were 287 new foreign-invested enterprises in Chongqing, a year-on-year increase of 28.7%, and Foreign direct investment totaled 2.1 billion US dollars, ranking top in Midwest China.

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