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Profiles of China Provinces, Cities and Industrial Parks



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Content provided by :  China Knowledge
   
12 Sept 2011
Taiyuan ( Shanxi ) City Information

Major Economic Indicators (2010)

Land Area (km2) 6,988
Population (million) 3.5
GDP (RMB billion) 177.8
GDP Composition
Primary Industry 1.8%
Secondary Industry
(Industry & Contruction)		 44.9%
Tertiary Industry (Service) 53.3%
GDP Per Capita (RMB) 50,801
Unemployment Rate 3.4%
Fixed Asset Investment (RMB billion) 91.65
Utilized FDI (USD million) 283
Total Import & Export (USD million) 7,910
Export (USD million) 3,140
Import (USD million) 4,770
Sales of Consumer Goods (RMB billion) 82.58
Source Source: Taiyuan Economic and Social Development Report 2010

 
Introduction
 

Taiyuan, which is the capital of Shanxi Province, boasts a history spanning over 2500 years, and is at the center of Shanxi’s politics, economy and culture.

Taiyuan is located in the middle reaches of the Yellow River in Northern China, and is surrounded by hills in its West, North and East. Taiyuan is rich in mineral resources, the majority of which are coal, iron and gypsum.

Taiyuan is one of the transportation hubs of Northern China. The Taiyuan railway station is the largest freight station in the province, and the largest coal transport station in Northern China. In addition, Taiyuan has more than fifty air routes to both domestic and overseas airports.
 
Economic Features
 
Taiyuan is the largest economy of the province. The city realized a GDP of RMB 177.8 billion in 2010, up 11% year-on-year, ranking first in the province. The value-added output from primary industry, secondary industry and tertiary industry reached RMB 3.13 billion, RMB 79.84 billion and RMB 94.81 billion, comprising 1.8%, 44.9% and 53.3% of the city's GDP, respectively.

In 2010, the value-added industrial output from the enterprises with designated size and above totaled RMB 59.69 billion, with an increase of 12.5% year on year. Heavy industry dominates the city's industrial sector. Heavy industry and light industry generated RMB 53.18 billion and RMB 4.58 billion in value-added industrial output, accounting for 89% and 11% of the city's total, respectively.

The pillar industries of Taiyuan include metallurgy, coal mining and dressing, petrochemicals, electronics, heat and electrical power supply, equipment manufacturing, special purpose equipment manufacturing, chemicals, tobacco, transportation equipment manufacturing. The combined value-added industrial output of the pillars amounted to RMB 50.2 billion, accounting for 86.9% of the industrial sector.

In 2010, sales of consumer goods rose 18% to RMB 82.58 billion, ranking first in the province. During the year, more than 20.22 million tourists have visited the city, up 7.2% year on year. The tourism income rose 18% to RMB 23.04 billion.

In 2010, Taiyuan's total foreign trade reached US$7.91 billion, increased 33.6% from 2009. The export value increased 61.4% to US$3.14 billion, while import value rose 20% to US$4.77 billion. Export of coal amounted to US$336 million, accounting for more than 10% of the total export. The European Union, the U.S., Japan and South Korea are its main trade partners.

Within the same year, the city has approved 19 foreign invested enterprises to set up business in the city, while the utilized FDI amounted to US$283 million, increased 8.3% year-on-year. Major investment partners include South Korea, the British Virgin Islands and Hong Kong.
 
Cultural Highlights
 

Taiyuan is a famous historical and cultural city, and was named the "City of Dragons"; the reasoning behind that was that it had been appointed as the capital for many dynasties, including Pre-Qin and Northern Qi dynasties
 
Tourist Attraction
 

Taiyuan is rich in ecological tourist resources, and many historic and cultural relics. The beautiful Fenhe Park extends throughout the city. The lofty Twin-Pagodas of Yongzuo Temple, built during the Ming Dynasty (1368-1644), have become significant models in Chinese architecture. The Dragon Mountain Grottoes in Taiyuan are the largest Taoist grottoes in the country.

Taiyuan is famous for its Fenjiu liqueur and Zhuyeqing liqueur which are the oldest liqueurs in China. In addition, mature vinegars are also a staple foodstuff of the city.
 

Major Development Zones
 

By the end of 2010, Taiyuan had two state-level development zones.

Name
Area (km²)
Pillar Industries
GDP in 2010
(RMB billion)
Taiyuan Economic and Technological Development Zone
9.6
 Information technology, food and bio-medicine, machinery, electrics, automobiles, new building materials 5.88
Taiyuan National High-tech Industrial Development Zone
60.8
 Information technology, optical-mechanical-electronic integration, new materials, energy efficiency and environmental protection, medicine and bio-engineering
32.2

Source: The Ministry of Science and Technology, Commerce Department of Shanxi Province
 
Honors
 

Advanced city in Foundation of Cultured and Civilized City Work (2005)
-Civilization Office of the Central Communist Party Committee

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