17 Oct 2016
Nanchang (Jiangxi) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||7,402|
|GDP (RMB billion)||400|
|GDP Per Capita (RMB)||75,879|
|Retail Sales of Consumer Goods (RMB billion)||167.1|
|Utilised FDI (USD million)||2,617|
|Exports (USD million)||8,501|
|Imports (USD million)||2,871|
Source: Jiangxi Statistical Yearbook 2016
Nanchang is the capital of the Jiangxi Province, serving as the center of Jiangxi's politics, economy and culture. It ranked the 44th most competitive city in China in 2016 according to the Chinese Academy of Social Sciences.
Nanchang enjoys an efficient transportation system. There are 3 national highways and numerous expressways running through the city. Zhejiang-Jiangxi Railway and Beijing-Kowloon Railway intersect in Nanchang. Nanchang Changbei International Airport offers flight to domestic and foreign cities including Bangkok, Singapore and Seoul.
Nanchang is designated as a national hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics. Nanchang Port is one of the major inland ports in China, providing cargo service to other cities nearby.
Nanchang has a significant industry sector that accounted for 41% of the GDP in 2015. Automobile is the major industry of Nanchang. The city attracted around ninety auto and auto parts manufacturing companies to set up production lines there. These include Jiangling Motors Co Ltd and Nanchang Changli Iron and Steel Co Ltd. Other pillar industries are home appliances, electronics and information technology, medicines and food processing, textiles and garments, as well as new construction materials.
Major Industrial Parks / Development Zones
1. Nanchang Economic and Technological Development Zone (state-level)
Target industries: Air-conditioning, electronics and information technology, automobiles and auto parts, the paper industry
Major investors: AUX Group, Jiangxi Greatsource Display Tech, Jiangxi Chenming Paper, Nanchang Kaima, Jiangling Motors
2. Nanchang National High-tech Industrial Development Zone (state-level)
Target industries: Opto-electro-mechanical, bio-pharmaceuticals, information technology, new materials, environmental protection, resource-processing, precision machinery
Major investors: ABB, TCL, Microsoft, ZTE, JZJT Group, Merck & Co., Saint Gobain, Huiren Group, Mitsubishi Group, Fangda Group, Giesecke & Devrient