15 Feb 2017
Baoding (Hebei) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||22,159|
|GDP (RMB billion)||300.1|
|GDP Per Capita (RMB)||29,067|
|Retail Sales of Consumer Goods (RMB billion)||165.3|
|Utilised FDI (USD million)||434.7|
|Exports (USD million)||3,130|
|Imports (USD million)||1,320|
Source: Hebei Economic Yearbook 2016
Baoding is located in the middle of the Hebei Province, it can be easily reached by three expressways and a railway, connecting it with other domestic cities. Baoding is designated as a regional hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics.
Automobile is a dominant industry in Baoding. The city has a plan to develop into a light vehicle manufacturing base in North China and become one of the nation's twelve automobile and auto parts export bases.
Baoding is also a national new energy and power equipment manufacturing base, including more than 160 companies engaged in the renewable energy sector. Other major industries in the city include electronics and textiles. The whole industry sector accounted for 41% of the GDP in 2015.
Major Industrial Park / Development Zone
Baoding High-tech Industrial Development Zone (state-level)
Target industries: New energy, power equipment manufacturing, software, food processing
Major investors: Yingli Solar, Zhong Hang Huiteng Corp, Mitsubishi, San Miguel