Harbin Business Guide - Economic Overview

Harbin Business Guide - Economic Overview


Vital Statistics (2006)

GDP: RMB 209.4 billion
GDP per Capita: RMB21, 374
Economic Growth Rate: 13.5%
Population: 4.73 million (urban) – 5.08 million (rural)
FDI: US$403 million
Annual Average Wage: RMB16, 292
Government Effectiveness Rating: 104th
2006 Chinese Cities Competitive Rating: 41st
 

Economic Overview

Harbin, the capital of Heilongjiang Province, is the political, economic and cultural center of Northeast China. In 2006, it became a ''Provincial Garden City'' and ''Chinese Tourism City''and won the title ''National Top 100 City for Investment Environment''.The Songhua River runs through the north quarter of Harbin and then heads north through to Russia where it joins the Amur River, eventually emptying out into the Strait of the Sea of Japan. Harbin is China' s coldest city, and its picturesque Russian-influenced architecture reinforces the city' s image as the country' s snow and ice capital. Thousands flock to the annual Harbin Ice Festival, where sculptors from all over the world come to participate and build fantastic ice lanterns and sculptures.

But apart from its scenic appeal, Harbin is also one of the important industrial centers in China. Its strategic industries – the automotive sector, electronics and information technology, the electro-mechanical sector and foodstuffs and pharmaceuticals – have lifted Harbin to number 22 on the list of industrial cities in terms of the value of output and production, reaching 209.4 billion RMB in 2006, an increase of 13.5% over the previous year. This continues a very robust trend of double digit economic growth over the past 7 years, and doubles that of the total production in the year 2000. Fiscal revenues topped out at over 19 billion RMB in 2006 and investment in fixed capital assets amounted to 81 billion RMB. The city' s gross retail income of daily-use consumables reached 89.54 billion.




Economic Contribution Ratios by Sector

In 2006, the economic contribution ratio of the primary industries including agriculture, forestry, animal husbandry and the fisheries, represented 14.9% of GDP; the economic contribution ratio of the secondary and value-added industries and construction represented 36.8%; while the economic contribution ratio of the tertiary sector represented 48.3%.

                                             Composition of GDP (%)

Sector

1990

2000

2006

Primary

22.0

19.3

14.9

Secondary

37.0

31.2

36.8

Tertiary

41.0

49.5

48.3

Vital Statistics (2006)
GDP: RMB 209.4 billion
GDP per Capita: RMB21, 374
Economic Growth Rate: 13.5%
Population: 4.73 million (urban) – 5.08 million (rural)
FDI: US$403 million
Annual Average Wage: RMB16, 292
Government Effectiveness Rating: 104th
2006 Chinese Cities Competitive Rating: 41st

Economic Overview
Harbin, the capital of Heilongjiang Province, is the political, economic and cultural center of Northeast China. In 2006, it became a ''Provincial Garden City'' and ''Chinese Tourism City''and won the title ''National Top 100 City for Investment Environment''.The Songhua River runs through the north quarter of Harbin and then heads north through to Russia where it joins the Amur River, eventually emptying out into the Strait of the Sea of Japan. Harbin is China' s coldest city, and its picturesque Russian-influenced architecture reinforces the city' s image as the country' s snow and ice capital. Thousands flock to the annual Harbin Ice Festival, where sculptors from all over the world come to participate and build fantastic ice lanterns and sculptures.

But apart from its scenic appeal, Harbin is also one of the important industrial centers in China. Its strategic industries – the automotive sector, electronics and information technology, the electro-mechanical sector and foodstuffs and pharmaceuticals – have lifted Harbin to number 22 on the list of industrial cities in terms of the value of output and production, reaching 209.4 billion RMB in 2006, an increase of 13.5% over the previous year. This continues a very robust trend of double digit economic growth over the past 7 years, and doubles that of the total production in the year 2000. Fiscal revenues topped out at over 19 billion RMB in 2006 and investment in fixed capital assets amounted to 81 billion RMB. The city' s gross retail income of daily-use consumables reached 89.54 billion.




Economic Contribution Ratios by Sector

In 2006, the economic contribution ratio of the primary industries including agriculture, forestry, animal husbandry and the fisheries, represented 14.9% of GDP; the economic contribution ratio of the secondary and value-added industries and construction represented 36.8%; while the economic contribution ratio of the tertiary sector represented 48.3%.

                                             Composition of GDP (%)

Sector

1990

2000

2006

Primary

22.0

19.3

14.9

Secondary

37.0

31.2

36.8

Tertiary

41.0

49.5

48.3

 

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