21 Nov 2016
Lianyungang (Jiangsu) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||7,615|
|GDP (RMB billion)||216.1|
|GDP Per Capita (RMB)||48,416|
|Retail Sales of Consumer Goods (RMB billion)||83.1|
|Utilised FDI (USD million)||801|
|Exports (USD million)||4,060|
|Imports (USD million)||3,985|
Source: Jiangsu Statistical Yearbook 2016
Lianyungang is located in the north-eastern part of the Jiangsu province. It was one of the first 14 Chinese coastal cities open to foreign investment in 1984.
Lianyungang has a well-established transportation system, it is designated as a regional hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics. There are three major railways (the new Eurasia Land bridge runs from Lianyungang through Alashankou in Xinjiang to Rotterdam in Holland) and two major highways intersecting in or running through the city, making it easily accessible. Lianyungang Baitabu Airport offers 45 regular flight routes weekly to major domestic cities.
The Lianyungang Port, handled 5 million TEUs of cargoes in 2015, ranked the 11th among all seaports in China last year.
Medicine, new energy, new material and high end equipment manufacturing are the pillar industries in the city.
Lianyungang has attracted lots of large foreign enterprises to make investment, including Roquette from France, Mitsubishi from Japan and LG from South Korea.
Major Industrial Park / Development Zone
Lianyungang Economic and Technological Development Zone (including Lianyungang Export Processing Zone) (state-level)
Target industries: Textiles, electronics, pharmaceuticals, machinery, food and beverages, mechanical and electronics industries, biopharmaceuticals, precision machinery, garments
Major investors: Zhongshan Anlun, Hengrui Group, Jianghe Group, Lianzhong Group, Ruyi Group, TSL, China Guodian Group, HK Gaoli International Investment