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Your Place: China Guide > Investement in China > Investment Environment > Economy
Sichuan--Economy
Published:2008-05-05 03:18    From Site:商务部   Review: Font Size> small   middle   big

(i) GDP
The GDP of Sichuan province in 2005 reached 738.511 billion Yuan, per capita GDP achieved 9,060 Yuan. The volume of primary industry, secondary industry and tertiary industry accounted for 149.57 billion Yuan, 305.27 billion Yuan and 283.67 billion Yuan respectively. The contribution rates of those three industries to economic development were 9.1%, 57.5% and 33.4% respectively.

(ii) Resources, Industries and Agriculture
Natural resources
Water resources are the most abundant in China with the potential of generating 110 million kw, the biggest capacity among all provinces in China. Sichuan is also the base for hydroelectric power generation and for implementing the strategy of transmitting electricity from western areas to eastern areas. Ertan hydroelectric station has the installed power- generating capacity of 3.3 million kw, the greatest capacity among that of all hydroelectric stations which have been put into use since 20 century, and also the greatest capacity among that of all hydroelectric stations which are currently being used in Asia. Sichuan has almost all kinds of mineral resources: 130 kinds of minerals have already been found, the volume of proved reserve of 89 kinds of minerals meet requirement of industrialized exploitation, out of those 89 kinds of minerals, the reserve volume of 11 minerals including vanadium, titanium, lithium, silver, sulfurous iron ore, natural gas etc ranks the first in China (the reserve volume of vanadium and titanium ranks the first around the world). Sichuan owns the varieties of vegetation and the number of higher plant accounts for around one third of country’s total, there are many rare varieties of trees including the ones known as the “living Fossil”, such as metasequoia, Cathaya argyrophylla and redwood; The number of pines and China fi rs ranks the fi rst in China.
Industry
In 2005, the added value of industries across province was 251.258 billion Yuan and their contribution rate to economic growth was 53.0%. Sichuan province has large industrial scale and comprehensive occupations: the output of power, natural gas, steel, cement, flat glass, fertilizer, pesticide, thread, raw salt, beer and color TV set etc rank the first among a l l w e s t e r n p r o v i n c e s ; t h e mechanism industry, electronic industry, metallurgical industry, chemical industry, construction industry, foodstuff industry, medicine industry and leather industry etc in Sichuan province occupy an important position in China; Many key enterprises in Sichuan are famous around China, such as Changhong Group CO LTD, Wuliangye Group, Pan Steel Group Co and Southeastern China Gas Field Company etc.
Agriculture
In 2005, the annual grain output of Sichuan province achieved 34.092 million tons, ranking the third across the country; oil output reached 2.323 million tons, ranking the fifth across the country; 87.643 million hogs were bred and 6.524 million tons of pork were produced, ranking the fi rst across the country; the total output of pork, beef and mutton reached 7.397 million tons, ranking the second across the country; the output of meat related foodstuff reached 9.492 million tons; the trees were planted on 265 thousand hectares of chunk of land, 73 thousand hectares out of which was formerly cultivated lands, this efforts makes 29% of total areas of province are now covered by forests.
(iii) Development of Commerce
Import and Export
The total volume of import and export combined in 2005 reached 7.9 billion USD, including 4.7 billion USD from export and 3.2 billion USD from import. The export volume of general trade was 3.81 billion USD, that of processing trade reached 510 million USD. The export volume of SOEs, collective and private enterprises were 2.32 billion USD, 420 million USD and 1.28 billion USD respectively. Among all exported goods, the export volume of agricultural products, mechanical & electronical products and Hi & New tech products were 440 million USD, 1.57 billion USD and 590 million USD respectively.




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