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Profiles of China Provinces, Cities and Industrial Parks



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Content provided by :  China Knowledge
   
12 Sept 2011
Panjin ( Liaoning ) City Information

Major Economic Indicators (2010)

Land Area (km2) 4,084
Population (million) 1.3
GDP (RMB billion) 92.65
GDP Composition
Primary Industry 8.8%
Secondary Industry
(Industry & Contruction)		 66.8%
Tertiary Industry (Service) 24.4%
GDP Per Capita (RMB) 69,066
Unemployment Rate 3%
Fixed Asset Investment (RMB billion) 69.25
Utilized FDI (USD million) 910
Total Import & Export (USD million) 480
Export (USD million) 370
Import (USD million) 110
Sales of Consumer Goods (RMB billion) 18.51
Source Source: Panjin Economic and Social Development Report 2010

   

 
Introduction
 

Panjin is located in the southwestern part of Liaoning Province. It covers an area of 4,084 sq km. The population of the city amounted to 1.3 million by the end of 2009.  

Panjin has a temperate semi-humid continental monsoon climate with plenty of sunshine and four distinct seasons. The average temperature is 8.6°C, while the average annual precipitation reaches approximately 620 mm.

Panjin is rich in mineral resources. Liaohe Oilfield, the third largest oilfield in China in terms of oil output, is located in Panjin. The annual oil output of Liaohe Oilfield amounts to approximately 12 million tons. In addition, since Panjin is adjacent to Bohai Sea, it is also replete with aquatic products. Reserves of fish, shrimp, and crab resources amount to approximately 40,000-50,000 tons, contributing 70% to Liaodong Bay's total.

Transportation in Panjin is very convenient. Shenyang, capital of Liaoning Province, is 155 km from Panjin. The Beijing-Shenyang Expressway, the Panjin-Haicheng Expressway, and the Qinhuangdao-Shenyang Railway run through the city.
 
Economic Features
 
Panjin realized GDP of RMB 92.65 billion in 2010, representing a rise of 17.8% year on year. The city's GDP ranked seventh out of fourteen prefecture-level cities in the province.

The agricultural sector, which is the smallest contributor to the city's economy, generated value-added industrial output of RMB 8.15 billion in 2010, accounting for 8.8% of the city's GDP. The output of grain amounted to 1.05 million, down 8.2% year on year.

In 2010, the value-added industrial output of secondary industry (industry and construction) amounted to RMB 61.89 billion and accounted for 66.8% of the city's total.

The value-added industrial output of industrial enterprises with designated size or above increased by 22.4% to RMB 59.6 billion. Heavy industry and light industry contributed RMB 55.62 billion and RMB 3.97 billion, accounting for 93.4% and 6.6% of the industrial sector. 

Petroleum and natural gas exploration, petroleum processing, and chemicals are the pillar industries of Panjin. The value-added industrial output of the pillars amounted to RMB 19.96 billion, RMB 20.04 billion and RMB 5.03 billion, respectively.

In 2009, Liaohe Oilfield, which has newly proven oil reserves of 33.4 million tons, realized oil output of 10.88 million tons with output value of RMB 45 billion.

Panjin-based Liaoning Huajin Tongda Chemicals Company, which is listed on the Shenzhen Stock Exchange and is principally engaged in the manufacture and sale of chemical fertilizers. In 2009, the company realized sales revenue of RMB 586 million and net profit of RMB 67.82 million, representing a rise of 2.08% and 43.23% year on year.

In 2010, the service sector generated value-added industrial output of RMB 22.61 billion, contributing 24.4% of the city's GDP.

Tourism is important for the city's service sector. During 2010, more than 16.72 million tourists visited the city, up 30.5% year on year, while tourism income totaled RMB 13.64 billion, rising 29% compared to the previous year.

The total import and export value of Panjin amounted to US$480 million in 2010, with a rise of 27.9% over the previous year. Exports rose 25.4% to US$370 million, while imports increased by 36.6% to US$110 million. Asia, Africa, EU, and the U.S are the primary trading partners of the city.
 
Cultural Highlights
 

Evidence of Neolithic humans was found in Panjin. Typical Hongshan cultural implements such as stone axes indicate that as early as 5,000 years ago, people living here were able to use fire and make tools.
 
Tourist Attraction
 

Famous as a land of plenty, Panjin is replete with fish and rice. In addition, there are a lot of tourist attractions including plains, rice fields, reed seas, grasslands, and derricks. Rare birds and rivers make Panjin as beautiful as a painting.

Red Beach Scenery Area was given an AAAA rating (the second highest level in China). In September every year, the plants that cover the beach turn deep red.

In Panjin, little crab and local rice are high quality, popular products.

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