Chongqing / Ying Li: Bo Xilai, the Communist Party Secretary of Chongqing, has been sacked as Chongqing’s highest official. He leaves a legacy of economic growth that outpaced rivals’, his policies having lured billions of dollars in foreign investment and thousands of jobs to China’s most-populous municipality.
The so-called ``Chongqing Model'' emphasizes state-led investment, with development zones, transportation links and incentives to lure businesses. HP, Ford Motor and Coca-Cola have operations there. Economic expansion in Chongqing, which is in the center of China, was 16.4% last year and 17.1% in 2010.
Deutsche notes investors have been asking about the exposure of HK-listed Chinese companies to Chongqing, amid the resulting uncertainty over Chongqing's political and economic outlook.
Amongst the Spore-listed cos, Ying Li develops, sells and/or leases commercial properties in Chongqing.
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