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Chongqing, an auto city

28 Aug

Chongqing has 1.6282 million civil vehicles and 432,600 private autos respectively , while the main urban districts had only over 40,000 vehicles before Chongqing became China’s fourth municipality, according to the latest statistic by the local government. A vehicle boom is approaching when the per capita income reaches 1,000 to 2,000 dollars, and an “auto society” is formed when the number hits 3,000 dollars, according to a survey by the World Bank. The per capita GDP of Chongqing is expected to exceed 3,000 dollars at the end of 2009. Bridges above the Yangtze and Jialing rivers are choked with vehicles during the rush hours, which reflect the current living standard of Chongqing people. Chongqing sold about 1.5 million vehicles in 2009. Seven key local sellers, including Chana, enjoyed a sales increase of 32.2% year on year, 14.5% higher than the national level. Auto service becomes an emerging industry as private cars are popularized in Chongqing where car washes and 4S shops are countless at present. Auto insurance has also developed rapidly. Chongqing has only 6 auto insurance companies and less than 100,000 vehicles bought insurance in 2004. The two numbers are 10 and over 1 million nowadays.

Chongqing to build China’s largest distribution center for medical instruments

11 Aug

More than 60 high-end medical instruments enterprises are willing to deliver products valuing more than 70 million yuan to Chongqing for free for the local great potential of medical instrument development in Chongqing, a responsible person with the Ministry of Science and Technology said on July 20. Recently Chongqing has issued a series of favorable policies, i.e. support of 500,000 yuan for medical instrument enterprises with a registered capital of over 10 million yuan; 3-year free rent for start-up enterprises, together with related tax preference for hi-tech enterprises. By 2012, the medical instrument enterprises in Chongqing will yield over 10 billion yuan value thus to boost the municipality to set up the largest distribution center for medical instruments in China. Source CFTERC

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