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Economy of Concepcion


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Historically characterized by a strong manufacturing industry, Concepi�n has also been a major center for distribution and services and the financial basis of the regional economy.

Trade in the city is concentrated in the Plaza Independencia (Independence Square), the pedestrian street Alonso de Ercilla y Z��iga(built in 1981), and along the major avenues. One such avenue is the Diego Barros Arana street which has developed into the commercial center of the city and the region was until 1907 even known as "calle Comercio" ("Commerce Street"). New commercial centers are being developed around the old central station and the new civic district as a part of the Chilean bicentennial (September 18, 2010). A considerable percentage of local trade is taking place in settlements around the city
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