China Business News has analyzed the proportion of each province's real estate development investment accounting for its gross domestic product (GDP). Under this method, eastern and southern regions like Fujian and Hainan, western Guizhou, Chongqing and Yunnan made it into the top 10 list.
No 4 Chongqing municipality
Proportion of real estate development investment accounting for GDP: 24 percent
Chongqing municipality |
John Edwards, the UK trade commissioner for China, praised Chongqing over its rise as a burgeoning center in intelligent manufacturing.