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22nd China International Fair for Investment and Trade (CIFIT)

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22nd China International Fair for Investment and Trade (CIFIT): Chongqing Investment and Trade Cooperation Dialogue September saw the the 22nd China International Fair for Investment and Trade(CIFIT) in Xiamen host the Chongqing Investment and Trade Cooperation Dialogue. As part of this series of events, 23 participating enterprises and institutions from Beijing, Tianjin, Fujian and Guangdong [...]

How companies in CQ can access new tax benefits

Six taxes and two fees reduction policies: “50% reduction”, "Expanded scope" and 'Benefits superimposition' “Six taxes and two fees”, namely, resource tax, urban maintenance and construction tax, property tax, urban land use tax, stamp duty (excluding stamp duty on securities transactions), arable land occupation tax and education fee surcharge, local education surcharge “50% reduction”: From Ja [...]

Chongqing's imports-export volumes hit a record high

In 2021, the total value of Chongqing's imports and exports reached Rmb 800.6 billion, an increase of 22.8% compared to 2020, continuing the double-digit growth trend since 2018. Exports reached Rmb 516.83 billion yuan, up 23.4%, whilst imports reached Rmb 283.23 billion, up 21.7%. Among the 12 provinces and cities in the western region, Chongqing ranked 2nd in terms of import and export value, [...]

Chongqing’s 23 policies to create an international consumer hub

February 2022, the General Office of the Chongqing Municipal Government issued the "Policies for Fostering and Building International Consumption Centres in Chongqing" with the aim of driving the transformation of the region into a key consumer centre. The 23 policies include a range of financial incentives and credit access for new consumer businesses including Rmb 1 million in various incentiv [...]

Key phrases in Chongqing’s 2022 development language

These phrases symbolize new development models put out by the government. "Two new and one core" Develop more infrastructure with real economic benefit. Improve quality of international consumption carriers Increase consumer spending by building more retail outlets and encouraging the growth of local retail and commercial platforms and brands. RCEP Grow the retail and services sector and increa [...]

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