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Chongqing's GDP up 16.4% in 2011

Jan. 25, 2012 (China Knowledge) - Southwest China's Chongqing Municipality reported a 16.4% growth in gross domestic product in 2011, which stood at RMB 1 trillion, according to the latest statistics released by the Chongqing Statistics Bureau.

The economic growth was the highest among all provincial-level regions in China.

RMB 84.45 billion of the GDP was generated by the primary sector, 5.1% more than in 2010. RMB 554.28 billion and RMB 362.38 billion were generated in the secondary sector and the tertiary sector, 21.8% and 10.8% more than in 2010, respectively.

Last year, the city's fixed-asset investment increased 30% year on year to a record RMB 763.18 billion, including RMB 201.51 billion investment in real estate development, 24.4% more than in 2010.

Chongqing's retail sales swelled 18.7% year on year to RMB 341.59 billion in 2011, and its foreign trade surged 140% year on year to US$29.22 billion. The city's laptop exports skyrocketed to 15.74 million units last year.

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