Chinese meat and food processing company Zhongpin Inc. has received two payments totaling CNY21.4 million in cash subsidies from the Chinese government to help it expand its production capacity.

Chongqing plans to offer training to college graduates who have not been employed since their graduation.

GE Drivetrain Technologies, a unit of GE Transportation, and Chongqing XinXing Fengneng Investment Company have formed a joint venture company to produce large diameter gears for the wind turbine industry.

Taiwan-based Hon Hai Precision Industry and the international technology company Hewlett-Packard have reached an agreement with the municipal government of Chongqing on the construction of a plant for the production of notebooks and relevant devices.

The Chongqing Energy Saving and New Energy Automobile Alliance, which is said to be the second of its kind in China, has been formally unveiled in Chongqing.

Chinese Internet auction and e-commerce website Taobao.com has announced that its trade value in 2008 reached CNY99.96 billion, making it one of the largest comprehensive shopping platforms in China.

Chongqing Municipal Information Bureau has signed a memorandum of understanding with Qingdao Xiangyu Information Technology Co., Ltd on jointly creating a software outsourcing base in southwest China targeted at South Korean companies.

Haixiang Wang, business development director for GKN Driveline's GKN Group in China, said the company will build a 44,000-square-meter plant scheduled to open during the first half of 2009 in Wuhan.