Chongqing’s export value rose by 9.5 per cent in July to US$61.64m compared with the previous month, while imports rose by 32 per cent to US$15.4m. The major markets are the US, Hong Kong and Italy.

About 17 per cent of the companies involved in the export market are state-owned, while the majority, around 62 per cent, are joint venture or wholly foreign-owned companies.