| Hebei Business Information | ||
|---|---|---|
| Population | 71,854,202 | |
| GDP (USD) | 287 B | |
| USD:RMB Exchange Rate | 1:6.5 | |
| Average Mfg Employee Wage (per month) | 1,960 RMB | |
| Average Industrial Facility Cost (per month) | 21.1 RMB/m2 | |
| Access to Logistics | Very Good | |
Hebei Manufacturing & Investment Information
Hebei province, surrounding the municipalities of Tianjin and Beijing, is known for logistics, iron and steel fabrication, and heavy manufacturing. Hebei is the largest producer of iron and steel in China. Major steel factories from Tianjin and Beijing have recently relocated to Hebei, causing substantial development in its coastal cities, Handan and Tangshan.
| Major Cities in Hebei | Hebei’s Main Industries | ||
|---|---|---|---|
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Hebei & Foreign Investment
Its increase in GDP from 233.3 billion in 2008 to 287 billion in 2010 is a testament to its industrial strength. In 2007 Hebei utilized USD 2.4 billion in Foreign Direct Investment, (FDI). As investors began to realize the potential of the province, it has realized nearly a 50 percent increase in its FDI for 2009 as it reached USD 3.598 billion. Its economy benefits from a strong logistics industry, several state/provincial level development zones and other economically incentivized areas, and a large skilled workforce that is fed by its 88 universities and approximately 863,000 students.
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