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Xiangyang (Hubei) City Information

Major Economic Indicators (2015)
Land Area (km2)19,724
Population (million)5.61
GDP (RMB billion)338.2
GDP Per Capita (RMB)60,319
GDP Composition
     Primary Industry11.9%
     Secondary Industry56.9%
     Tertiary Industry31.3%
Retail Sales of Consumer Goods (RMB billion)116.5
Utilised FDI (USD million)728
Exports (USD million)2,158
Imports (USD million)255

Source: Hubei Statistical Yearbook 2016

 

General Introduction

Xiangyang is located in the northwestern part of the Hubei province. Two railways and the Han River cut through the city, making it easily accessible. Xiangyang is designated as a regional hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics.

Xiangyang's pillar industries include automobile, agricultural processing, pharmaceuticals and chemicals, equipment manufacturing and electronics. With more than 180 auto parts manufacturers such as Dongfeng Industrial (Xiangfan) and Xiangfan Lutumei Auto Parts, Xiangyang has become one of the most important auto parts production bases in central China.

Tourism is an important pillar of the service sector. With a history of more than 2,800 years, it was approved as a National Historical Cultural City by the State Council in 1986. A number of 3A and 4A level attractions, including Longzhong Scenery Area, Nan River Three Gorges were located in Xiangyang. The historical characters and natural views helped Xiangyang become one of the three major tourist cities of Hubei Province.

Major Industrial Park / Development Zone

Xiangyang High-tech Industry Development Zone

Target industries: Opto-electro-mechanical, new materials, new energy

Major investors: Dongfeng Automobile Stock, Hubei Huitian Adhesive, Dongfeng Comins Engine, Dongfeng Peugeot Citroen, Aeolus Xiangfan Dongfeng Automotive (NISSAN), Dongfeng Dana, Yulon Motors

Website: www.xfhdz.org.cn

Content provided by Picture: HKTDC Research