| Gansu Business Information | ||
|---|---|---|
| Population | 25,575,254 | |
| 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
Get answers to all of your China questions.