Changchun Business Guide - Economic Overview

Changchun Business Guide - Economic Overview


Vital Statistics (2006)

GDP: RMB 174.1billion
GDP per Capita: RMB 23,677
Economic Growth Rate: 15.4%
Population: 3.49 million (urban) 3.91million (rural)
FDI: US$1.41 billion
Annual Average Wage: RMB 19,955
Government Effectiveness Rating: 79th
2006 Chinese Cities Competitive Rating: 38th 
 
Changchun Business Guide - Economic Overview
Changchun is the capital city and center of politics, economy, science and technology and culture in Jilin Province. It is located in the middle of the Songliao Plain in Northeast China, with a temperate continental climate and pleasant scenery. The city is also one of the country's pivotal models for economic development. In 1989, 1992 and 1994 it was approved respectively as an independently planned city, a city under direct central government control and a city classed with authority to implement the state's opening up policies.

Changchun is also a major agricultural city in China. Located in a world famous corn belt, it is an important commercial grain base for China, dubbed the country's ''Northern Granary'' from early times. Its annual grain output is consistently over 7.5 billion kilograms.

Changchun is an important industrial base with a particular focus on the automotive sector and is thus known as China's ''Automobile City'', as well as a ''Film City'', ''City of Science, Technology and Culture'' and ''Forest City''. With a strong industrial base, abundant agricultural resources, advanced scientific and technological infrastructure and highly developed culture and education, the city is fast becoming one of the most modern cities in northeast Asia.

In 2006, Changchun realized a GDP of 174.12 billion RMB, up 15.4% from the previous year. Its economic aggregate was ranked 25th among all mainland Chinese cities. The industrial added value output of its primary industries, secondary industries and tertiary industries was 16.2 billion RMB, 85.18 billion RMB and 72.74 billion RMB respectively and the city invested 95.04 billion RMB in fixed assets.



Economic Contribution Ratios by Sector
In 2006, the economic contribution ratio of the primary industries including agriculture, forestry, animal husbandry and the fisheries, represented 9.3% of GDP; the economic contribution ratio of the secondary and value-added industries and construction represented 48.9%; while the economic contribution ratio of the tertiary sector represented

41.8%.Composition of GDP (%)

Sector 2000 2003 2006
Primary 14.3 11.8 9.3
Secondary 43.2 47.1 48.9
Tertiary 42.5 41.1 41.8

 
Foreign Trade Overview
Changchun has trade relationships with 153 nations and regions and stable trade and economic relationships with more than 60 nations and regions. In 2006, the city realized import/export volume of US$5.22 billion including US$3.67 billion in imports and US$1.55 billion in exports. Exports of state-owned enterprises totaled US$1.36 billion, that of foreign-invested enterprises totaled US$170 million and that of the domestic private sector totaled US$1.43 billion.

The top ten imports by volume were automobile spare parts, metal processing machine tools, auto and auto chassis, measurement instruments, spare parts for internal combustion engines, steel, models, switching and protection circuits, cables and wires, plastic and plastic processing mechanics. The top ten exports by volume were corn, clothes, auto and auto chassis, auto spare parts, wire and cable, furniture, beef, textiles, beans and edible oil seeds.

Changchun's Top Ten Import Source Countries (million USD)

Ranking Country Import value
1 Germany 1482.8
2 Japan 642.7
3 USA 123.0
4 South Korea 62.2
5 Argentina 53.2
6 Brazil 50.1
7 Italy 35.6
8 Hungary 27.9
9 France 27.0
10 Sweden 20.3

 Changchun's Top Ten Export Markets (million USD)

Ranking Country Export Value
1 South Korea 337.8
2 Japan 174.9
3 Iran 77.3
4 USA 62.6
5 Malaysia 50.0
6 Russia 33.4
7 Korea 31.4
8 Holland 26.3
9 Germany 20.8
10 Hong Kong 19.44

 
 Foreign Trade and Cultural Ties
By the end of 2006, Changchun had established sister city relations with 13 cities in 12 countries.

Changchun's Sister Cities:
 

Country City Date
Japan Sendai 1980.10.27
Yugoslavia Novisad 1981.11.10
Britain Birmingham 1983.07.07
America Flint 1985.06.08
Belarus Minsk 1992.05.18
Canada Windsor 1992.08.25
Slovakia, Zilina 1992.11.23
Korea Ulsan 1994.03.15
America Little Rock 1994.06.02
New Zealand Masterton 1996.09.12
Russia Ulan-Ude 2000.09.27
North Korea Chongjin 2003.10.25
Sweden Mora 2005.01.01
Germany Wolfsburg 2006.06.12

 

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