23 Nov 2016
Yancheng (Jiangsu) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||16,931|
|GDP (RMB billion)||421.3|
|GDP Per Capita (RMB)||58,299|
|Sales of Consumer Goods (RMB billion)||146.9|
|Utilised FDI (USD million)||795|
|Exports (USD million)||5,124|
|Imports (USD million)||2,995|
Source: Jiangsu Statistical Yearbook 2016
Yancheng is located in the northeastern part of the Jiangsu Province. It is easily accessible by highways and trains that connect the city to other major cities including Beijing and Shanghai.
Yancheng Port offers domestic and foreign cargo services. Yancheng Nanyang Airport provides flights to Beijing, Guangzhou, Wenzhou and Seoul.
The industry sector contributed 39% to the city’s GDP in 2015. Vehicles, machinery, textiles and chemicals are the major traditional industries in Yancheng.
Large foreign enterprises including Hyundai and LG from South Korea, Fuji Heavy Industrial Ltd and Sumitomo from Japan and Johnson from the US, have invested to set up businesses in Yancheng. Dongfeng Yueda KIA Passenger Car Co. Ltd is example of joint venture invested by Korea-based KIA.
Major Industrial Park / Development Zone
Yancheng National High-tech Industrial Development Zone (state-level)
Target industries: Wind power and high-end equipment, electronic information, new materials, modern service
Major investors: Sinovel Wind Group, Qinchuan Machine Tool & Tool Group, Metro AG