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Profiles of China Provinces, Cities and Industrial Parks



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Content provided by :  China Knowledge
   
12 Sept 2011
Yueyang ( Hunan ) City Information

Major Economic Indicators (2010)

Land Area (km2) 15,019
Population (million) 5.2
GDP (RMB billion) 153.94
GDP Composition
Primary Industry 14%
Secondary Industry
(Industry & Contruction)		 54.2%
Tertiary Industry (Service) 31.8%
GDP Per Capita (RMB) 29,603
Unemployment Rate 4.2%
Fixed Asset Investment (RMB billion) 78.21
Utilized FDI (USD million) 157
Total Import & Export (USD million) 1,020
Export (USD million) 440
Import (USD million) 583
Sales of Consumer Goods (RMB billion) 50.72
Source Source: Yueyang Economic and Social Development Report 2010

 

 
Introduction
 
Yueyang is located in the northeastern part of Hunan Province, on the shores of the Dongting Lake, the second largest freshwater lake in China after the Poyang Lake. It is adjacent to Hubei Province in the north and Jiangxi Province in the east. It is renowned for the Yueyang Pavilion (Yue Yang Lou), a famous ancient pavilion, as well as the splendid natural landscape.

Yueyang has convenient waterway transportation. The Xiangjiang River, the Zijiang River, the Yuanjing River and the Li River join in the city. It is also easily accessible by rail and highway. The Beijing-Guangzhou Railway intersects passes through the city, while the Beijing-Zhuhai Highway and State Highway 107 also converge in the city. The Dongting Lake Bridge, completed in 2001, connects Yueyang with cities in Hubei and Hunan Province.

The city enjoys a subtropical monsoon climate with four distinct seasons. The average temperature in the city is around 17.9°C.
 
Economic Features
 
Yueyang is the second largest economy after Changsha, the provincial capital, among the 14 prefecture and prefecture-level cities in Hunan Province in terms of GDP in 2010. The city's GDP paced up 14.8% from the previous year to RMB 153.94 billion in 2010. Private sectors have added value of RMB 88.45 billion, accounting for 57.5% of the city's GDP.

The agricultural sector gained RMB21.55 billion in value-added output in 2010, contributing 14% to Yueyang's economy. Major agricultural products are crops, vegetables, pork and aquatic products.

Secondary industry, the largest contributor to Yueyang's economy, generated value-added output of RMB 83.42 billion in 2010, constituting 54.2% of the city's GDP. Value-added industrial output generated by enterprises with designated size or above soared 23% to RMB 75.15 billion.

Yueyang has six province-level industrial parks, and six city-level industrial parks. The combined value-added industrial output totaled RMB 32.53 billion, of which RMB 24.01 billion are from the six provincial-level parks.

Petrochemicals, food and beverages, recycling and disposal, construction materials, textiles, paper making, and machinery are the main industries in Yueyang. Examples of leading companies in major industries include Yueyang Xingchang Petrochemical, Yueyang Paper and Tianyi Pump.

Yueyang Xingchang Petrochemical was founded in 1990. In the first half of 2010, the operating revenue amounted to RMB 788.4 million, while the net profit reached RMB 19.67 million. Yueyang Paper, established in 2000, is a leading maker in paper, paper products and chemical pulp in China. In the first half of 2010, its operating revenue hit RMB 2.18 billion, while the net profit amounted to RMB 84 million.

The service sector also contributed significantly to Yueyang's economy. Value-added output from the service sector grew 10.7% to RMB 48.96 billion in 2010, accounting for 31.8% of the city's GDP.

Yueyang is a hot tourist destination in Hunan. Over 14.64 million tourists visited the city in 2010. Its tourism income reached RMB 10.29 billion, ranking third out of 14 prefecture and prefecture-level cities in Hunan, after Changsha and Zhangjiajie.

In 2010, foreign trade value amounted to US$1.02 billion, growing 10% from the previous year. Export value increased by 4.9% to US$440 million, while import value rose 14.4% to US$583  million. Electronic and mechanical products are the major export products from Yueyang.

Yueyang's utilized FDI was US$157 million in 2010.
 
Cultural Highlights
 

Yueyang is national historical and cultural city with a history of over 2,500 years. It was set up as a prefecture called Hanchang in AD210 during the Three Kingdoms Period. It was given different names in ancient times, such as Baling in AD291, Bazhou in AD439 and Yuezhou in AD591. It got its current name in AD1913.

Beautiful scenery and splendid cultures in Yueyang have attracted many famous literary figures, who praised Yueyang in their works. The most famous literary work on Yueyang is "the Yueyang Tower", which was written by Fan Zhongyan, a great writer during the Song Dynasty.
 
Tourist Attraction
 

The most famous landmark in Yueyang is the Yueyang Pavilion, one of the top three pavilions in South China. The other two are the Tengwang Pavilion in Jiangxi and the Huanghe Tower in Wuhan. It stands at the shores of the Dongting Lake. The Yueyang Pavilion was first built in AD215 and reconstructed in 1984. The architecture of the pavilion is very special because the whole building was made of wood, with four pillars to support the whole building.

Dongting Lake is surrounded by many historic sites. Qu Yuan, a famous patriot during the Warring States Period, jumped into the Miluo River on the east side of the Dongting Lake. The Quyuan Tomb and the Quzi Temple are the top historic sites in this area.

People visiting Yueyang should also try the delicious local dishes, such as Xia Bing (a kind of pancake made of flour and minced shrimp), Dongting Silver Fish Soup, Dongting Braised Cake and Butterfly Flying over Sea (butterfly-shaped sliced fish meat).
 
Honors
 

National Garden City (2006)
-Ministry of Construction of P.R. China

Best Tourism City in China (1999)
-National Tourism Administration of P.R. China

National Historical and Cultural City (1994)
-State Council of P.R. China

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