Understanding the global supply chain

LAST month, I visited Chongqing, a city that is now getting very prosperous, having grown despite the global financial crisis that hit exports which hurt the Chinese coastal cities quite badly.

Being a large city in the western and inland region, Chongqing is less dependent on exports and more on domestic consumption and investment. Having invested in good infrastructure, the city’s priorities are now to tackle crime and make the city more green. All the ugly advertising that used to block the best views in the city has been removed and you can actually enjoy the greenery. When I was there, the archaeologists discovered the late Song Dynasty’s old fort that defended Chongqing from the Hun invasions.