It is the capital of the municipality and is also the political, economical, and entertainment center of the city of Chongqing.

[1] Located in the central portion of Yuzhong is the Jiefangbei CBD, a leading business and financial center of western China.

[citation needed] Surrounded on three sides by water, Yuzhong is effectively a peninsula between the Jialing and Yangtze Rivers.

The largest western China commercial area, Jiefangbei central business district,[4] has brought together 90 percent of the domestic financial institutions in Chongqing, as well as two-thirds of Chongqing's foreign banks and insurance agencies.

Three-quarters of the world's top 500 enterprises in Chongqing and many foreign consular offices are also located here.