The National Economy of Shaanxi Province Has Increased

Dec 11, 2012

Tags: Shananxi, business, introduction to Shananxi, Shananxi economy, survey

II . Economy

i. Overview of economic development in Shaanxi Province

In recent years, the national economy of Shaanxi Province has increased in a sustained and fast way. In 2005, total output value of Shaanxi was RMB 367.475 billion Yuan. Of which, the added value of the primary industry was RMB 41.86 billion Yuan, and its proportion in the total output value was 11.4%; The added value of the secondary industry was RMB 184.897 billion Yuan, and its proportion in the total output value was 50.3%; the added value of the tertiary industry was RMB 140.718 billion Yuan, and its proportion in the total output value was 38.3%. Per capita total output value was RMB 9,844 Yuan.

ii. Overview of industrial development in Shaanxi Province

The industrial production has remained steady growth in Shaanxi Province. In 2005, the State-owned industrial enterprises (SOIEs) and non-SOIEs with annual sales income above RMB 5 million Yuan (hereinafter referred to as the Scaled Industrial Enterprises) completed the industrial added value of RMB 126.718 billion Yuan.

ii. Overview of Agricultural Development in Shaanxi Province

Shaanxi is a large province of agriculture, and its agricultural products such as grain, oil plants, vegetables, cured tobacco, apple and Chinese chestnut are at leading position throughout the country.

In 2005, the total output value of farming, forestry, animal husbandry and fishery (including service industry for farming, forestry, animal husbandry and fishery) was RMB 73.07 billion Yuan.

iii. Overview of Natural Resources in Shaanxi Province

Mineral Resources

Shaanxi Province is rich in coal resources, with the reserves of nonferrous metals, building materials and precious metals ranking the top in China. Petroleum and natural gas have considerable prospects, with many verities of mineral products and large amount of proved reserves. Proved reserves of coal are 165.9 billion tons in Shaanxi, second only to Shanxi and Inner Mongolia, which are mainly scattered in Shanbei and Weibei Area. The petroleum is mainly scattered inside Yan'an, and 12 oildoms have been discovered, the geological reserves are about 700 million tons, proved reserves are more than 400 million tons, ranking the 10th throughout the country; the proved reserves of natural gas are 170 billion m3 in west area of Shanbei and 3.3 billion m3 in Hengshan and Yulin areas. There are 27 mineral products which reserves rank the top 3 and 54 ones which reserves rank the top 10 in the whole country.

Water Resources

Total volume of water resources is 45.5 billion m3 in the whole province, but water resources are not distributed evenly, and rivers contain a large amount of silts. Shannan covers 1/3 land of the whole province, but has more than 70% water resources; Guanzhong and Shanbei cover 2/3 land of the whole province, but only has less than 30% water resources.

Land Resources

Every 10,000 people cover 57.5 km2 lands in the whole province, slightly higher than national average level. The cultivatable wasteland is 382,000 ha, and unused land is 1.845 million ha. Every 10,000 people have 107 ha. cultivatable wasteland and 517 ha unused land. Land resources feature more mountainous region but less plains. Rivers, plains and diluvia-alluvial deposition with elevation less than 800 m cover only 10% land of the whole province.

Land types cover mountainous area, hills, plateau, plain, sand area, and marsh. The land is mainly used for agriculture (cultivated land, forest land, field, meadow), covering about 87% land of the whole province.

Biological Resources

Shaanxi has abundant plants and vegetation resources, with complicated and various vegetation types; the growth of various ecological natural vegetation, secondary vegetation and artificial vegetation is relatively typical.

The wild animal resources have more than 700 varieties, such as beasts, birds and amphibians, which are scattered most unevenly in north and south, with big difference between belt and non-belt.

Qinling-Bashan Mountainous Area has the most abundant animal resources, which is a natural botanical garden with miscellaneous species and national Class-I, Class-II and Class-III protected animals. Qinling-Bashan Mountainous Area and Shanbei Plateau have miscellaneous ecological and biological species, but most of which are not scattered in centralized way.

iv. Overview of Business Development in Shaanxi Province

Foreign Trade

In 2005, total import and export value was US$ 4.577 billion. Export value was US$ 3.076 billion, Import value was US$ 1.501 billion. The favorable balance of trade was US$ 1.575 billion in the whole year. Foreign trade export still focuses upon ordinary trading way, and the ordinary trade export value was US$ 2.52 billion, accounting for 81.9% of total export value.

Utilization of Foreign Funds

In 2005, around 256 FDI (Foreign Direct Investment) projects were approved, and the contractual foreign funds were US$ 1.582 billion; Actual utilization of foreign funds was US$ 628 million. By the end of 2005, 4,367 FDI projects altogether have been approved in the whole province, and actual utilization of foreign funds was US$ 5.408 billion. Accumulatively, there are investors from 69 countries and regions who have invested in Shaanxi.

International Economic and Technological Cooperation

In 2005, the turnover of foreign contracting projects and labor service cooperation was US$ 242 million; at the end of the year, there were 3,850 emigrant labors. By the end of 2005, there were 47 enterprises which have been eligible for foreign economic cooperation and completed turnover of US$ 1.552 billion and export of labor services of 37,400 person-times.

Commerce and Circulation Industry

Consumption scale is expanding continuously and its pulling role has appeared obviously day by day. In 2005, the total retail amount of social consumables was RMB 132.241 billion Yuan. The total retail amount of the wholesale business was RMB 115.562 billion Yuan; the total retail amount of the accommodation and food & beverage industry was RMB 14.009 billion Yuan; the total retail amount of other trades was RMB 2.67 billion Yuan.