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Chongqoing, China News About Chongqoing, China Chongqing has been rapidly modernizing for a decade and is now a significant industrial area in western China. Chongqing is, by some measures, the world's largest city and is the world's fastest growing metropolis. In a single day, new construction added approximately 137,000 square meters of usable floor space to satisfy demands for residential, commercial and factory space. Every day, migrants added to the local population more than 1,300 people and the local economy grew by almost ¥100 million ($12 million USD). In order to attract more foreign investment and expertise, the city has invested heavily to improve its infrastructure. The network of roads and railways connecting Chongqing to the rest of China have also been expanded and upgraded to reduce the cost and time of goods transportation - a major deterrent to foreign investment and growth. Furthermore, once the Three Gorges Dam is completed, ocean-going ships can reach Chongqing's Yangtze River port. Shipping goods to Shanghai at the eastern end of the river and on to overseas markets will now be possible. This improved infrastructure combined with the city's highly-educated and relatively cheaper labor have begun to produce some results. In the past few years, Ford and Mazda have launched their joint-venture project with local rival Changan Auto to open an assembly plant in the area with a capacity of 270,000 vehicles per year. Chongqing is a booming city. It has the third fastest economic growth of all Chinese cities. Chongqing is a city that is full of promises and ambition. In the near future, it plans to transform itself into the financial centre of western and central China. By doing so, it will become the beachhead for the development of the western part of the country - emulating a "Chinese Chicago" by opening up the country's interior to further investment and industrialization. Other Major Cities:
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