|Gansu Business Information|
|GDP (USD)||60 B|
|USD:RMB Exchange Rate||1:6.5|
|Average Mfg Employee Wage (per month)||2,441 RMB|
|Average Industrial Facility Cost (per month)||22.1 RMB/m2|
|Access to Logistics||Poor|
Gansu is located in the northwestern interior of China, bordering Sichuan to the south, Sha’anxi to the east and Inner Mongolia to the north. It’s main industries: petrochemicals, metallurgy, mining, electricity production, food and beverage, and non-ferrous metals, take advantage of its rich mineral resources. Although Gansu suffers from a lack of consistent water resources, its economy continues to grow at a consistent pace. Despite its recent growth, Gansu is still seen as one of the poorest provinces in the country. Previous to this growth, Gansu was primarily a tourist location.
|Major Cities in Gansu||Gansu’s Main Industries|
In 2009, it generated a GDP of nearly USD 48 billion and grew in 2010 to a total USD 59.6 billion. Despite Gansu’s 33 universities and other institutions of higher education, enrolling over 230,000 undergraduates and 18,000 postgraduates, its skilled workforce is very small. Gansu is not a hub for foreign investment. In 2007, the entire province only utilized USD 171 million in Foreign Direct Investment (FDI). Nevertheless, it has received investment from major brands such as Coca-Cola, Carlsberg, China Grain Group, and the China National Petrol Corporation.
Gansu and its major cities are attractive to many foreign investors. Please click here for more information on
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