(i) GDP Data
In 2005 the GDP of Zhejiang province was 1,336.5 billion RMB, among which the added value from the primary industry was 87.3 billion RMB, the added value from the secondary industry was 714.7 billion RMB, the added value from the tertiary industry was 534.5 billion RMB, thus the industrial structure stands at 6.5/53.5/40. The per capita GDP of the province was 27,552 RMB, namely, 3,363 US dollars, so Zhejiang ranked the fourth in China.
Diagram of GDP Growth in Zhejiang
Diagram of Industrial Components in Zhejiang
(ii) Data of Resource, Industry and Agriculture
Natural Resource
The gross amount of the average water resource takes up 93.7 billion cubic meters in Zhejiang province, which ranks 4th in China according to its unit surface area with possession capacity of 2,004 cubic meters per capita. Zhejiang is a comprehensive agricultural area with high yield and the industries of tea, natural silk, aquatic products, citrus, bamboo products play an important role in China. The forest coverage rate amounts to 59.4%, all ranking top in China. Zhejiang is also abundant in tree resources, therefore always enjoys the reputation of the "Treasure House of the Southeast Plants".
The main component of mineral resources is in non-metallic mineral reserves. The storage capacity of stone-like coal, tuff (used in cement or building) ranks top and fluorite ranks 2nd in China.
Zhejiang occupies an ocean area of 260,000 square kilometers. It is the province with the most islands among which there are 3,061 islands more than 500 square kilometers. The Zhou Mountain Island is Chinese 4th biggest one with an area of 495.4 square kilometers. The province also boasts a coastline totaling 6,648.24 kilometers, ranking top in China; the continental coastline occupies 2,200 kilometers, ranking 5th in China. The coastline is long and river is deep, hence the 290.4 kilometers deep water coastline of more than ten thousand tons can be built, which makes up one third in China. And 105.8 kilometers deep water coastline of one hundred thousand tons can also be set up. Rich deposits of petroleum and natural gas in the continental shelf basin of the East sea are awaiting exploitation.
Industry
The industrial added value reached 634.3 billion RMB in the whole year of 2005, which gained profits of 107.28 billion RMB, with 56.4% in heavy industry and 43.6% in light industry. The yearly added value if high-tech industry is 38.5 billion RMB. The yield of the equipment of integrated circuit, optical communication, microwave communication, mobiles and microcomputer grows quickly.
Output of Major Industrial Products in Zhejiang (the year of 2005)
Agriculture
Yearly yield of meat is 1,654,000 tons and of eggs 445,000 tons and of milk 267,000 tons. The full production capacity of Zhejiang aquatic products is 4,838,000 tons. The aquiculture yield is 1,602,000 tons and fishing yield of 3,236,000 tons.
There newly increases 200 hectare effective irrigated area and 44,500 hectare water saving irrigated area and agricultural machine total output of 21,110,000 kilowatt.
Output of Major Agricultural Products in Zhejiang (the year of 2005)
(iii)Advantages of Zhejiang Province
System Advantages
The reform of market economy system in Zhejiang Province has taken a relatively leading position with socialist market economy system fundamentally established: the proprietorship structure of keeping the public sector remaining dominant and allowing diverse sectors of the economy to develop side by side has been comparatively perfected, an open market system with orderly competition has initially been set up, a new distribution framework has taken shape, and multi-level social security system has primarily been established. A predominant advantage of the market reform has come into being.
Location Advantages
On the southern wing of Yangtze River Delta, Zhejiang boasts its peculiar location advantages due to its geographically "along rivers and seas, bridging the east and the west, and linking the south with the north", Zhejiang has unique advantages in geographical position. Yangtze River Delta is becoming the most vigorous and promising area in China's economy. Zhejiang, as part of the Yangtze River Delta, is no doubt to enjoy enormous opportunities. With the continual acceleration of the construction of international economy, trade, finance and shipping centers in Shanghai, its huge convergence and radiation capacities are supposed to directly push the Yangtze River Delta area to a sustainable and sound development.
Industry with Cubic Features
The regional industrial areas bear the trait of "small commodities, large markets, low costs and high profits", with the earliest start-up and the largest scale over the country, enjoying rather dynamic vigor and sound development foreground. As per incomplete statistics, in the whole province there are more than 500 cubic economic groups owning a gross industrial production value over a hundred million RMB, involving 175 sectors and more than 240 thousand enterprises, which accounts for around 50% of the provincial total production value, among which 52 sectors enjoy a domestic market share over 30%, and 14 sectors, a world market share over 10%. For instance, ties in Shengzhou occupy a domestic market share of 80% and world market share of over 30%.
Ecology Advantages
Foundations of environmental protection and ecological construction are fairly good. Zhejiang province has been the fifth trial province of the national ecological province construction. In general, the quality of the ecological environment in the province takes a leading position over the country. There occur evident achievements in developing the ecology-oriented economy. The industry of green food and organic food such as tea, cans, fresh fruit, grain and oils, etc. keeps developing by leaps and bounds. The ecology-oriented industry, especially the environmental protection sector, develops quite fast. What's more, a batch of bases of production-study-research and bases of distinctive industries are developed as a priority. Based on the rich resources of beautiful scenery and historic figures and cultural heritage in Zhejiang, the ecology-oriented tourism in our province is just on the rise, making Zhejiang an important province featuring tourism.
Mountains & Seas
Zhejiang is a terrestrial small province but a large maritime province. The mainland coastline and the island shoreline totaling 6,500 kilometers rank the first in China, among which 333 kilometers are precious deep-water shoreline over ten meters, and the resources of "harbor, fishery, scenery, oil and gas" are richly endowed by nature. In Zhejiang maritime space, shorelines where over ten thousand tons deepwater berths can be built account for 1/3 of the total over the country, and where 100 deepwater berths of 100 thousand tons may be built up ranks the first in China.
(iv)Characteristics of Zhejiang Province
1. Industrial Characteristics and Its Major Products
Light industry is the major industry structure of the province. The labor intensive industries, namely textiles, rag trade, coat and down products, products for culture and education and gym, petroleum refining, coking plant, chemical fiber manufacturing and conventional machinery, have predominant advantages.
Industries with Zhejiang characteristics: Raw material industry of ecological agriculture, green food, organic food, petrochemical processing, complex material, new-pattern building material; traditionally advantageous industry of machinery, textiles, chemical, foodstuff, building material; high-tech industry of software, photoelectron, microelectronics, biology, new medication, new materials, environmental protection, photo-electromechanical integration; modern service industry of modern logistics, electronic business, characteristic tourism and intermediary services; industry of comprehensive utilization resource, renewable resource as well as new technology and new equipment used in prevention and cure of environmental protection.
2. Surrounding Hangzhou Bay
Industry Belt
All the cities and counties bordering open and surrounding Hangzhou Bay possess a great group of large-scale industry cluster, such as Jiashan wooden industry, Haining leather warp knitting, plain of Shaoxing and Xiaoshao fiber textile, as well as Cixi home appliances, Shengzhou ties, Yuyao plastics, Ningbo costume, all of which take a predominant advantage. Take industry cluster of chemical fiber as an example, among the top 30 sales volume enterprises in Chinese counterparts industry, there are 8 located in Hangzhou Bay, which makes it one of the most important chemical fiber industry belts all over China. Advanced chemical fiber industry belts provide upper reach formidable industry chain for the textiles bordering upon the Hangzhou Bay. Textile fabrics produced in single Shaoxing county makes up 15% of the gross output in China.
Jumped-up high and new technology industries also rise in Hangzhou Bay. Centered in Hangzhou , radiating to Shaocxing, Ningbo, Jiaxing, Huzhou, assembling morn than 70% of Zhejiang microelectronic industry, Hangzhou Bay has shaped clear-cut distribution and cooperation system which makes it account for over 80% of Zhejiang informational product manufacturing and over 90% of software industry scale. Therefore it turns to be another IT industry base after Beijing and Shanghai.
3. Markets with Zhejiang Characteristics
Zhejiang has a thriving professional market. Numerous trade markets of commodity have large scale, strong comprehensive ability and wide radiating capability, which basically covers aspects of life, all respects of production means, shapes the consumers' market as the center, characterized by professional markets, takes production means market as follow-up and forms supporting commodity trade market for other markets. Zhejiang people also run a number Zhejiang Markets, Wenzhou Street and other markets all parts of the country, furthermore they even start new markets in Russia and Middle East.
a. Yiwu China Commodity City China Commodity City composes of China Yiwu international commerce and trade city, Huangyuan market and Binwang market in cluster, involving 34 trades, 1,502 categories, 320 thousand kinds of commodities and almost all the daily industrial goods such as handicraft, decorations, hardware, household articles, rainwear, electric apparatus, children's toys, cosmetics, recreation and sports, socks, non-staple food, watches and clocks, threads and strips, needle and cotton, textile, ties, costume, etc. are included, among which sales of decorations, socks, children's toys accounts for one third in domestic market. It has a high competitiveness in international market with good quality and low cost and every category.
b. Shaoxing China Textile City China Light & Textile Industries City was founded in October 1988,which now owns 4 trade areas of the east, central, west and north as well as 19 professional markets. It covers an occupying area of 492,000 square meters and floor space of 605,000 square meters, as well as 135,000 pieces of business occupancies, in which there are 13 textile markets, 1 raw material market for light textile, 5 markets for fl y-frame and light industry products. China Light & Textile Industries City is famous at home and abroad with its new products in high quality. More than 10 thousand types of cloth have been sold into market, the number of daily flow off passengers is up to 10 thousand, and daily volume of business 60 million RMB.
List of Major Professional Markets in Zhejiang
(v)Data of Commerce
Data of imports and exports:total volume of export and import in Zhejiang reached 107.39 billion US dollars with exports of 76.80 billion US dollars and imports of 30.59 billion US dollars.
Import & Export Status of Zhejiang Province in 2005
Proportional of Exports and Imports in Zhejiang (the year of 2005)
Major Export Articles of Zhejiang Province in 2005
Proportional Diagram of Export Products in Zhejiang (the year of 2005)
Major Countries and Regions Zhejiang Exported to in 2005
Absorbing foreign investment
3,396 foreign-invested enterprises are settled, and actually utilized foreign capital grew up to 7.72 billion US dollars in 2005. The authority of the province approved and set up 35,700 foreign-invested enterprises in total and actually utilized foreign capital reached 36.73 billion US dollars by the end of 2005.
Foreign Direct Investment in Major Industries of Zhejiang in 2005
Major Countries and Regions Making Investment in Zhejiang, 2005
Top 10 Countries and Regions Making Investment in Zhejiang, 2005
International economic cooperation
Zhejiang province external economic turnover reached 1.76 billion US dollars in 2005, sending 9,778 labors abroad and 27,700 labors still working overseas at the end of 2005. The government had accumulated and approved 2,194 enterprises investing abroad with total investment fund of 1,012 billion US dollars and investment from Chinese entrepreneurs of 802 million US dollars.
Circulation of commodities
The amount of the total consumer items retail sales of the whole society reached 463.2 billion RMB in 2005, among which consumer items retail sales of cities grew to 304,7 billion RMB and consumer items retail sales of the county, towns and villages came to 158.5 billion RMB. In accordance with trade, retail sales of wholesale and retail trade amounted to 402.1 billion RMB, of catering trade came to 53.32 billion RMB and of other trades reach 7.77 billion RMB. Zhejiang is a huge market province, whose yearly volume of business ranks 1st in 15 successive years all over country. Totally there are 4,008 trade market of commodity in 2005, 120 of whose yearly volume of business surpass more than 100 million RMB, 10 over 10 billion RMB, separately increasing by 6 and 1 compared with last year. Business volume of commodity trade market reaches 717,3 billion RMB, ranking 1st in 15 successive years.
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