GDP Data
I n 2005, its GDP reached RMB647.361 billion Yuan, ranking 13th in China. GDP per capita is RMB 10,366 Yuan calculated on the basis of the permanent resident population. The proportions of its primary, secondary and tertiary industries are respectively 19.4%, 40.2% and 40.4%.
Data on Resources, Industry and Agriculture
Industry
Hunan has evolved a complete industrial system. A considerable capacity has been formed in the production of main industrial products. In 2005 total added value of industry in Hunan amounts to RMB 219.991 billion. The ten industries with predominance such as equipment manufacturing, iron and steel, non-ferrous metals, cigarette, foodstuff, electronics and IT and new materials completed the added value of RMB 117.462 billion Yuan. The output of 30 main industrial products(out of the 62) ranks among China’s top ten places. For example, it is No. 1 in the production of lead, zinc and antimony, No.2 in the production of pesticides and railway wagons, No. 2 in cigarette tax of per carton. Other leading products including sulfuric acid, chemical fertilizer, timber, iron alloy, machine-made paper and paperboard, raw coal and cement are of the top ten places.
Output of the Main Industries above Scale of Hunan in 2005
Agriculture
Hunan enjoys exceptional advantages in developing agriculture. As an old saying goes, When crops are good in Hunan and Hubei, the whole country will not be short of grain. Hunan’s output of the main agricultural and side-line products are in leading positions in China. Output of rice, ramie, tea oil, tung oil stands first in China; live pigs stand second and tea in the forth. Oranges, tobacco, freshwater fish etc. are listed in top 10of total output in China.
Data on Commerce
Import & Export
The total volume of export and import in 2005 was USD 6.005 billion, including USD 3.747 billion of export. There are more than 3,000 commodities for export, among which more than 50 kinds of bulk merchandise, including zinc, manganese, lead and antimony as well as other nonferrous metal textile product, clothing, chemical products, fireworks, porcelain and ceramics, ferric alloy, steel, rice, shoes and hats, live pig, vegetable products, box and bags and tea etc., gained an annual export sum of over USD 10 million.
Import & Export Volume
Export Volume to Main Countries and Regions in 2005 Unit: USD 10,000
Foreign Investment
In 2005 the actual utilized amount of foreign funds totaled USD 2.333 billion, Including 729 newly approved foreign direct investment projects, The contracted value of foreign direct investment amounted to USD4.24 billion, and actual utilized amount of foreign direct investment totaled USD2.072 billion. There are 39 multinational l companies among the World Top 500 having their investment in Hunan.
Foreign Economic Cooperation
In 2005, the value of the newly signed foreign contracting projects, labor cooperation and design and consultation contracts amounted to USD 865 million. The completed business volume reached USD559 million. The labor service designated to foreign countries amounted to 10,300persons. In 2005, there were 21 newly approved foreign funded enterprises, with total contract investment USD 36.541 million. The Chinese partner’s investment amounted to USD 29.258 million. The investment sectors include new material, machine building, resource development, agriculture development and service industry.
Technology Introduction
From 1995 to 2005, Hunan has introduced608 technical projects, with contract fund of USD 2.66 billion, involving 36industry categories, covering 90% of large and medium-sized core enterprises.
Doing Business in Hunan Province of China:I.Survey
Doing Business in Hunan Province of China:III.Investment
Doing Business in Hunan Province of China:IV.Development Zones
