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Yancheng (Jiangsu) City Information

Major Economic Indicators (2015)
Land Area (km2) 16,931
Population (million) 7.23
GDP (RMB billion) 421.3
GDP Per Capita (RMB) 58,299
GDP Composition
Primary Industry 12.3%
Secondary Industry 45.7%
   Industry 39.3%
Tertiary Industry 42.1%
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


General Introduction

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

Website: www.ycgx.gov.cn

 

 

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Content provided by Picture: HKTDC Research