II . Economy
i. GDP Data
The GDP of Qinghai reached RMB54.32 billion yuan in 2005, and the gross production of per capita reached RMB10,043 yuan, In addition, RMB 6.279billion yuan of added value was increased in primary industry, RMB 26.46 billion yuan of added value was increased in the secondary industry and RMB 21.58 billion yuan of added value was increased in the tertiary industry. The proportion of the added value of primary industry, the secondary industry and the tertiary industry is 11.6∶ 48.7∶39.7 considerably.
ii. Resources and Industry and Agriculture
Mineral Resources
Qinghai is rich in its mineral resources in China with a complete type of minerals, huge reserves, fine quality, high value, great market perspective and great development potentials.
So far, a total of 125 types of minerals have been discovered, accounting for 73.1% of the minerals discovered in China, including proven deposit of 105 kinds of minerals, accounting for 67.3% of the proven mineral deposits. The retained potential value of the mineral resources in Qinghai has been estimated to be RMB 17.8trillion yuan, accounting for one seventh of the total in China with the total value per capitalizing in China.
Saline Resource
The well-known Chaidamu Basin enjoys a good reputation of Treasure Bowl for its treasures being hidden in mountains and minerals being covered in the Gobi desert. There are over 30salt lakes with proved deposits of 70 billion tons. The salt in Cha'erhan saline only can be made into a salt-bridge from the Earth to the Moon with a thickness being 6 meters and width being 12 meters.
Petroleum & Gas Resources Chaidamu basin has a favorable condition of forming petroleum and gas. With large area of sediment, it is one of the most perspective lands of petroleum and gas. It is estimated that there is 4.1 billion tons. petroleum resources and 1 trillion m3natural gas. There are 16 proven oil fields with deposit of 300 million tons., ranking12 across the country. The oil fields, including Lenghu, Huatugou, and Gasi' kule, etc are in the list of large oil field.
There are 6 natural gas fields with proven deposit of 350 billion m3, which can be regarded as one of four large gas fields, and the starting point and beneficial area of Sebei-Xining-Lanzhou Gas Pipeline the project of Transporting Western Gas to Eastern Areas.
Hydropower Resources
Qinghai is featured with its prevailing advantages in hydropower. The storage volume in Qinghai can reach 21.65 million kw, ranking fifth across the country, and accounting for 27.8% of western areas. With an installed capacity of 17.98 million kw, the annual electricity generation volume can reach 77.16 billion kw. Especially, on the276-km river section from Longyang Gorge of the upper reach of the Yellow River and the cross region of Qinghai and Gansu,Sigou Gorge, there are 6 Steps and 8 gorges, where is the high-grade area of water resources and ideal place for developing hydropower resources. It is surveyed that we can build 6 large, 7 medium hydropower stations in concentration with a total installed capacity of 11.25 million kw, and annual electricity generation volume of 36.8billion kw. These rich water resource areas have been included in national essential development areas.
Pastoral Resource
Qinghai is a major livestock husbandry production base and one of five major pastoral areas in China and it plays an important role in national economy in Qinghai. The utilizable pasture in Qinghai is featured with not only its vast area and many different types, but also fine quality and nutrition of pasture, and excellent migrating grazing conditions. In addition, the theoretical stocking capacity could reach 47 million sheep. The major livestock species include sheep, yak, cow, horse, donkey, mule, camel, etc. A special mention should be made to yak and Tibetan sheep and their processed products which enjoy a high reputation both at home and abroad.
Fauna & Floral Resources
The spacious land and uniquely natural environment in Qinghai nurtures a rich living treasure-fauna and unexhausted treasury floral resources in Qinghai. The primary survey result has indicated that there are some 1,100types of continental vertebrates and among them are 250 kinds of animals with their economic value,294 species of avifauna and 103species of beasts, accounting for one quarter and one third of the total in China. Furthermore, the plateau-featured species include wild yak, Tibetan antelope, while-lipped deer, black-necked crane, etc. In addition, the snow leopard,etc. has been included as the worldwide protective animal.
There are 12,000 varieties of altitude angiosperm, more than800 varieties of fern and among them are over 331 varieties of75 types and over 1,000kinds of economic plants related to herbs, fiber, starch, glucide, oil plants, raw chemical material, spice and honey source, wild fruit and pot herb, flowers ,etc. In addition to the manifold varieties and species, huge quantity,concentrated distribution, extensive utilization, these fauna and fl oral resources are also featured with their prominent plateau characteristics, and economic benefit.
A special mention should be made to Mongolian milk vetch, Rhizomaet Radix Notopterygii, Saussure a cum Flore, Caterpillar Fungus, moss and fern, etc with their well established reputation at home and abroad, great marketing potentials and development values.
Industry
The added value of industries in Qinghai achieved RMB 20.394 billion yuan in 2005,among which petroleum and natural gas exploitation industries generated RMB3.545 billion yuan, hydropower generating industry reached RMB 1.626 billion yuan, nonferrous metal industry and saline chemical industry reached 3.352 billion yuan and 1.518 billion yuan respectively. The added value achieved by four advantageous industries of metallurgy, pharmaceutical, industry livestock product processing industry, and construction material industry totaled RMB 5.19 billion yuan, Major Industrial products include power, crude oil, raw salt, crude coal, steel & steel materials, ingot, electrolytic magnesium, pure silicon, asbestos, kalium fertilizer, metal cutting machine tools, cement, asbestos products, yarn, dairy products, cloth, woolen fiber, wool, carpet, and leather, etc.
Agriculture
The annual grain planted area was245,600 hectare planted in Qinghai in 2005and the total output of grains was 932,600ton, among which the planted area of featured potato was 75,300 hectare and the total output reached 324,500 ton. In addition, the planted area of beans was 40,900 hectare and the output reached 117,500 ton. The planted area of oil plants was 161,900hectare and the output of oil plants was318,500 ton. The planting area of vegetables was 25,800 hectare and the total output of vegetables was 844,600 ton.
Grain crops include wheat, plateau barley, horse bean, peas, etc Rapeseed is the major economic crop in addition to flowers and anti-season vegetables, etc.
Livestock Husbandry Industry
The rate of animals delivered to the slaughterhouse in 2005 was31.3% with a commodity rate being25.8%, averagely increased by 1.3%than the previous year. The total amount of livestock on hand was22.1944 million cattle by the end of the year. The total output of meat was257,500 ton, among which the output of beef was 74,400 ton and mutton was 91,600 ton, milk was 236,200ton, and wool was 17,700 ton.
Livestock products mainly include beef and mutton, wool, cashmere, yak hair, camel hair, milk, etc.
Investment on Fixed Assets The investment on fixed assets has totaled RMB 141.7 billion yuan accumulatively since2001, including RMB 36.72 billion Yuan in 2005.
iii. Business Data
Import & Export
The total custom house import -export volume reached $ 0,413 billion USD, including $ 0.323 billion USD in 2005.
Utilization of Foreign Investment
A total of contracted 29 projects were implemented through direct utilization of foreign investment, including 6 projects of agriculture, forestry, livestock husbandry and fishery industries, 1 mining project, 12manufacturing projects, 2 power projects, fuel gas and water production and supply industry, 1 project of transportation, storage and postal industry, 3 projects of reality industry, 1 project of accommodation and dietary industry, 1 project of leasehold and commercial services and 2 projects of water conservancy, environment and public infrastructure management. The utilized contracted foreign investment reached $0.356 billion USD, and actually used foreign investment reached $ 0.266 billion USD.
International Economic Cooperation$ 9.05 million USD of multilateral and bilateral international non-profit assistance was received, and the aided projects involved medical sanitation, ecological protection, poverty alleviation & disaster resistance, development of women and children, another economic and social undertakings. In addition, we actively guided large-scale state and private enterprises to invest in oversea areas, and the agreed amount of oversea investment reached $ 30 million USD. The newly-appointed oversea labors reached 170persons, and there were 310 workers who were working in oversea areas at the end of2005.
Import of Techniques
Eight technical introduction contracts were registered in Qinghai in 2005 with the contracted fund being $ 32.98 million USD, in which the equipment expenditures were $19.3894 million USD, accounting for 4% of the total contracted fund, and the technical transferring expenditure were $ 12.3689million USD, accounting 37.21% of the total contracted fund. Import of techniques mainly focused on technical consulting, technical services and patent techniques.
Goods Circulation
The gross goods retail amount of 2005reached 16.051 billion USD, increased by13.7% than the previous year.
Related Articles:
Doing Business in Qinghai Province of China: I. Survey
Doing Business in Qinghai Province of China: III. Investment
Doing Business in Qinghai Province of China: IV. Development Zones
