| Market Profiles on Chinese Cities and Provinces |
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12.2007 LIAONING PROVINCEMajor Economic Indicators
Notes: 1 In real terms 2 For all state-owned enterprises and other forms with annual sales over RMB 5 million General Background Liaoning has a total area of 148,000 square kilometers. Population stood at 42.7 million as at end-2006. Among the three provinces of Northeast China, Liaoning is the largest in terms of GDP, accounting for 47% of the total of Northeast China. In 2006, the province's GDP ranked the eighth among all the provinces and municipalities in China. It has a coastline of 2,178 km. Its 5 main ports and 6 main airports connect to over 140 countries and regions and over 100 major cities respectively. Liaoning has rich mineral resources with large deposits of coal and iron ore. The Liaohe Oilfield is one of the largest oilfields in China. Liaoning's reserves of boron, magnesite, diamonds and jade also rank the top in China. In its 11th Five Year Programme (2006-2010), Liaoning vowed to achieve average annual growth of 11%, so that in 2010, GDP per capita would be 2.5 times that of 2000. The government would facilitate the development of equipment manufacturing, deepen the processing of raw materials and breed the high and new technology sector. Industries Composition of GDP (%)
Source: Liaoning Statistical Yearbook 2007 Liaoning has over 100 year's history of industrial development. It has been a major center for heavy industry and raw materials. Liaoning's value-added industrial output amounted to RMB417 billion (+18.6%) in 2006, over 80% of which was contributed by heavy industry. Value-added Share of Leading Industry Groups (2006)
Notes: # For all state-owned enterprises and other forms with annual sales over RMB 5 million Liaoning is one of the most important raw materials production bases in China. The raw materials industry accounted for 48.1% of industrial value-added, an increase of 16.6% from last year, of which, building materials industry increased by 28.1%, metallurgy industry and petrochemicals industry grew by 17.3% and 13.1% respectively. Major products included pig iron, steel, crude oil processing, tires, glass, cement etc. Meanwhile, Liaoning is an especially important production base of equipment and machinery industry in the country, of which Shenyang and Dalian are the major industrial centers. The equipment manufacturing industry accounted for 25.6% of industrial value-added in 2006. Some enterprises such as Shenyang Jinbei Co. Ltd., Shenyang SIASUN Robot Co. Ltd., Daxian Group Co. Ltd., Shenyang Machine Tool Co. Ltd., Northeast Electric Transmission and Transformation Equipment group Corporation take significant roles in their own sectors including electric power, automobiles, machine tool, machinery, etc. The province's light industries mainly are the processing of farm products, processed food and beverages, and tobacco. Dalian is a major fashion center in China and The China Dalian International Garment Fair has been held annually to boost the industry. State-owned and state-holding enterprises still contributed near half of the province's industrial value-added. Liaoning will continue its efforts to restructure large and medium-sized state enterprises. Tourism Being the birthplace of Dynasty Jin and Qing, Liaoning has abundant historic sites, such as the National Palace Museum in Shenyang, Xingcheng Ancient City etc. In addition, there are also charming natural landscapes in Liaoning such as Mount Phoenix, White Sand Bay and Xingcheng Hot Spring etc.
Source: Liaoning Statistical Yearbook 2007 Foreign Trade Liaoning's foreign trade is mainly conducted through the port of Dalian. The province maintains very close trade ties with Japan and South Korea, thanks to geographical proximity. In 2006, major export items included primary products such as agricultural and fisheries products, raw materials including metals, minerals and oil. It also exports automobiles, autoparts and machine tools. Major export markets included Japan, US, South Korea and Hong Kong. Major import items included steel, rubber and tubes. Major import sources were Japan, South Korea and Germany. Foreign Investment Liaoning attracted the largest amount of FDI in northern China. Dalian and Shenyang are the most popular destinations of FDI in Liaoning, together accounting for 88% of the total in 2006. FDI in Liaoning
Source: Liaoning Statistical Yearbook 2007 Manufacturing industry attracted the largest share of FDI, both in terms of contracted amount or utilized amount. The government placed emphasis on equipment manufacturing, raw materials, new & hi-tech, farm product processing and services industries. In an attempt to re-vitalise the old industrial base, the government has begun selling off stakes in SOEs to foreign acquirers. Hong Kong is the largest source of FDI in Liaoning. In 2006, Hong Kong launched 458 projects, with utilised FDI of US$1.68 billion. Apart from Dalian and Shenyang, Hong Kong companies also started to expand into Anshan, Dandong and Yingkou. Leading Hong Kong enterprises such as Cheung Kong, Hang Lung and New World have invested in the province. Besides Hong Kong, South Korea, Japan, the US and Taiwan are major sources of FDI. Multinationals invested in Liaoning included General Electric, Siemens, Mitsubishi, Toshiba and Sanyo etc. Consumer Market In 2006, urbanisation reached 59% in Liaoning, and its retail sales of consumer goods reached RMB343.5 billion (+14.5%), ranked the 5th in China and 1st in Northern China. Major consumer centers are located in Shenyang and Dalian. Composition of Per Capita Expenditure of Urban Household (%)
Source: Liaoning Statistical Yearbook1997, 2007 Major department stores and shopping centers in Liaoning include Tianhe Parkson Shopping Center, Dalian Shopping Center Shareholdings Co., Jinzhou Zhongbai Group, Zhongxing-Shenyang Commercial Building, Zhongxing-Dalian Commercial Building, Anshan No.1 Department Store Co. etc. Shenyang plays an important regional distribution role in northern China. In recent years, a number of wholesale markets such as the Wu'ai Market, Shenyang Furniture City and Shenyang Shoes City have grown rapidly. Economic Indicators of Major Cities (2006)
Notes: # For all state-owned enterprises and other forms with annual sales over RMB 5 million | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
