4 Nov 2016
Yichang (Hubei) City Information
|Major Economic Indicators (2015)|
|Land Area (km2)||21,084|
|GDP (RMB billion)||338.5|
|GDP Per Capita (RMB)||82,360|
|Retail Sales of Consumer Goods (RMB billion)||108.9|
|Utilised FDI (USD million)||340|
|Exports (USD million)||2,691|
|Imports (USD million)||395|
Source: Hubei Statistical Yearbook 2016
Yichang, lying on the northern bank of the Yangtze River, is designated as a regional hub in MOFCOM’s development plan (2015-2020) of distributive trade and logistics. It is easily accessible by air, highways and railways. A number of highways and railways run through Yichang, connecting the city with other major domestic cities. Yichang Sanxia International Airport operates air routes to Beijing, Guangzhou, Chengdu and other domestic cities.
Yichang is famed as the largest hydroelectricity base in China. Both the Three Gorges Dam, the largest hydroelectric power station in the world, and the Gezhouba Dam are located in the city.
The largest contributor to the city’s economy is the industry sector which accounted for 50% of the city’s GDP. Apart from hydropower production, pillar industries in the city include electronics, chemicals, pharmaceuticals and equipment manufacturing. Major product is phosphorus products. Leading enterprises are Angel Yeast, Hubei Yihua Chemical Industry and Hubei Sanxia New Construction Materials.
Tourism is an important pillar of the service sector. The Three Gorges area of the Yangtze River is the most popular tourist attraction in the city.