II . Economy
i. GDP
The GDP of Sichuan province in 2005 reached 738.511 billion Yuan, per capita GDP achieved 9,060 Yuan. The volume of primary industry, secondary industry and tertiary industry accounted for 149.57 billion Yuan, 305.27 billion Yuan and 283.67 billion Yuan respectively. The contribution rates of those three industries to economic development were 9.1%, 57.5% and 33.4% respectively.
ii. Resources, Industries and Agriculture
Natural resources
Water resources are the most abundant in China with the potential of generating 110 million kw, the biggest capacity among all provinces in China. Sichuan is also the base for hydroelectric power generation and for implementing the strategy of transmitting electricity from western areas to eastern areas.
Ertan hydroelectric station has the installed power- generating capacity of 3.3 million kw, the greatest capacity among that of all hydroelectric stations which have been put into use since 20 century, and also the greatest capacity among that of all hydroelectric stations which are currently being used in Asia. Sichuan has almost all kinds of mineral resources: 130 kinds of minerals have already been found, the volume of proved reserve of 89 kinds of minerals meet requirement of industrialized exploitation, out of those 89 kinds of minerals, the reserve volume of 11 minerals including vanadium, titanium, lithium, silver, sulfurous iron ore, natural gas etc ranks the first in China (the reserve volume of vanadium and titanium ranks the first around the world). Sichuan owns the varieties of vegetation and the number of higher plant accounts for around one third of country's total, there are many rare varieties of trees including the ones known as the "living Fossil", such as met sequoia, Cathaya argyrophylla and redwood; The number of pines and China firs ranks the first in China.
Industry
In 2005, the added value of industries across province was 251.258 billion Yuan and their contribution rate to economic growth was 53.0%. Sichuan province has large industrial scale and comprehensive occupations: the output of power, natural gas, steel, cement, flat glass, fertilizer, pesticide, thread, raw salt, beer and color TV set etc rank the first among all western provinces; the mechanism industry, electronic industry, metallurgical industry, chemical industry, construction industry, foodstuff industry, medicine industry and leather industry etc in Sichuan province occupy an important position in China; Many key enterprises in Sichuan are famous around China, such as Changhong Group CO LTD, Wuliangye Group, Pan Steel Group Co and Southeastern China Gas Field Company etc.
Agriculture
In 2005, the annual grain output of Sichuan province achieved 34.092 million tons, ranking the third across the country; oil output reached 2.323 million tons, ranking the fifth across the country; 87.643 million hogs were bred and 6.524 million tons of pork were produced, ranking the first across the country; the total output of pork, beef and mutton reached 7.397 million tons, ranking the second across the country; the output of meat related foodstuff reached 9.492 million tons; the trees were planted on 265 thousand hectares of chunk of land, 73 thousand hectares out of which was formerly cultivated lands, this efforts makes 29% of total areas of province are now covered by forests.
iii. Development of Commerce
Import and Export
The total volume of import and export combined in 2005 reached 7.9 billion USD, including 4.7 billion USD from export and 3.2 billion USD from import. The export volume of general trade was 3.81 billion USD that of processing trade reached 510 million USD. The export volume of SOEs, collective and private enterprises were 2.32 billion USD, 420 million USD and 1.28 billion USD respectively. Among all exported goods, the export volume of agricultural products, mechanical & electronical products and Hi & New tech products were 440 million USD, 1.57 billion USD and 590 million USD respectively.
Utilization of Foreign Investment
In year 2005, 1.1 billion USD of investment were actually utilized in Sichuan province, with the increase of 11% comparing to the same period of last year.
Accumulatively, the people's government of Sichuan province approved 7,317 enterprises with foreign investment to run business there and 121 out of the world 500 top enterprises have had their investment or offices established in Sichuan province.
Foreign Cooperation
245 foreign related contracted projects and labor corporation contracts were signed in 2005 with the total value of 1.41 billion USD, 600 million USD of turnover were made from these contracts and projects; 17,549 people were sent to other countries to provide labor services. There were 13 new enterprises with foreign investment established in Sichuan province, the Chinese portion of total investment in these enterprises were 14.255 million USD.
Technology Introduction
In 2005, 245 technical projects had been introduced with 287 million USD as the total contractual value, including 172 million USD for technical introduction and 116 million USD for related equipments.
Circulation of Commodities
The total volume of retail sale was 298.14 billion Yuan in 2005, including 144.69 billion Yuan from urban markets, 153.45 billion Yuan from markets at no higher than county level. The trade volume of retail and wholesale industries were 233.76 billion Yuan and that from catering trade were 54.56 billion Yuan.
Related Articles:
Doing Business in Sichuan Province of China:I. Survey
Doing Business in Sichuan Province of China:III. Investment
Doing Business in Sichuan Province of China:IV. Development Zones
