Abstract

To implement the grand western development strategy and to speed up the regional economic development is a vital decision of the central government in the new century. Foreign economy and trade is an important component of national economy. To develop the foreign economy and trade in western area and to speed up the opening-up process is significant to drive the economic and social development there. Chongqing city, as the only municipality in western area, the growth of foreign economic and trade development will benefit the western area in general. Therefore, to study how to speed up the foreign economic and trade development in Chongqing is meaningful in practice. Since the execution of reform and opening up policy, the foreign economy and trade have developed fast in Chongqing. But there are problems in attracting foreign capitals.

Highlights

  • To implement the grand western development strategy and to speed up the regional economic development is a vital decision of the central government in the new century

  • In 1997, Chongqing turned into a municipality. It is directly controlled by the central government, which makes it execute the central policy more quickly

  • Chongqing’s foreign trade develops fast in recent years, it lags behind the national average no matter what it is the scale or the structure of the foreign trade, or the driving effect on regional economy

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Summary

Present conditions

Since the reform and opening-up policy, Chongqing’s foreign trade has gained fast development, which mainly focuses on these aspects as follow:. From 1979 to 2005, in Chongqing city the contract funds of foreign direct investment is 7.660 billion US dollars. From 2001 to 2005, total foreign direct investment is 1.789 billion US dollars and the annual average is 358 million US dollars. Till late 2000, Chongqing totally exports 3675 laborers, sets up 39 foreign agencies, and offers 9.44 million US dollars multilateral or bilateral aids. Till late 2005, Chongqing totally exports 7037 laborers, sets up 69 foreign agencies, invests 83.66 million US dollars, and offers 144 million US dollars bilateral aids

Problems
Adjust the strategy of developing world market
Improve the investment environment
Speed up the cultivation of economic talents
Findings
Conclusion
Full Text
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