Chongqing: Opportunities for UK Businesses

Chongqing is 1,300 kilometres southwest of Beijing, and a similar distance west of Shanghai, China's commercial capital. The Municipality of Chongqing has a population of over 31 million -- that's about half the population of the UK - with around 9 million of these living in the urban area.

Labour costs, land costs and overheads are up to 50 per cent lower than comparable cities in the east, and there are generous local government incentives to operate here. Municipal status means a less hierarchical structure and thus less red tape. All this not only helps UK companies interested in establishing themselves here, it has also stimulated growth in local companies, which are now seeking foreign expertise to help expand their businesses.

This video is one of a 20 part series on China's regional cities. Each video shows the size and scale of the city, its overall attractiveness as a place to live and work, and introduces potential business opportunities.

Until now, UK business interest in China has been focused on a few large established cities on or near the coast. However, these markets are maturing, competition is intensifying and costs are increasing. As a consequence companies are considering alternative locations for business expansion and development. Regional cities are fast becoming the target for local and foreign investment. The rapid rate of urbanisation, expansion and economic growth of these cities offers considerable opportunities across a wide range of industrial sectors and business activities.

For more information on doing business in China, see also our seven part 'Breaking the Barriers ' series, which introduces some of the business challenges faced by UK companies in China.

Find out more about China's regional cities at - http://bit.ly/pNuxgJ

Profiles of China's regional cities can be downloaded here - http://bit.ly/n44Zg5

Category:

News & Politics

Tags:

• China
• Business
• Trade
• Investment
• UKTI
• Chongqing
• Cities
• Export
• Opportunities
• Industry