| Market Profiles on Chinese Cities and Provinces |
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12.2008 QINGHAI PROVINCEMajor Economic Indicators
Notes: 1 In real terms 2 For all state-owned enterprises and other forms with annual sales over RMB 5 million General Background Qinghai is located in northwestern China, on the Qinghai-Tibet Plateau. And it is named after Qinghai Lake, the largest inland plateau lake. The total area is 722,300 square kilometers, taking up 1/8 of the country's total area. It is fourth largest province in terms of area after Xinjiang, Tibet and Inner Mongolia Autonomous Regions. Its population stood at 5.5 million at end-2007. Owning the reputation of the "Water Tower of China", Qinghai is the origin of many rivers such as Yangtze River, Yellow River and Mekong River. In addition, it is rich in minerals, hydropower, agro-husbandry and tourism. Therefore, an important ecological status and abundant resources are the most distinct features of Qinghai. Industries Qinghai is a large province in resources such as pastoral resource, hydropower resource, mineral resources, saline resources, petroleum & gas resources. The natural resources endowment has a great influence on shaping the industry structure of Qinghai. Composition of GDP (%)
Source: Qinghai Statistical Yearbook 2008 In 2007, the four pillar industries: petroleum & natural gas industries, hydropower generating industry, nonferrous metal industry and saline chemical industry contributed to 81.7% of the total added value of industrial output. Value-added Share of Pillar Industries (2007)
Source: Qinghai Statistical Yearbook 2008 Tourism Qinghai is indeed a paradise for sightseeing, with 408 scenery spots, of which, 11 are of international-level, 52 are of national-level and 84 are of provincial level. Some representative scenery spots include Qinghai Lake, Mount Sun & Moon, Longyang Gorge and Gold & Silver Meadow. Cultural tourism resources include Kunlun Culture, Folk Customs of Tu and Sala and Ta'er Monastery.
Source: Qinghai Statistical Yearbook 2008 Foreign Trade Major export items included aluminum & rolled aluminum, silicon, yarn, woolen fiber, etc. Major export markets included Japan, the US and Korea. Foreign Investment In 2007, foreign investments in Qinghai were mainly engaged in manufacturing industries (40.1% of the contracted amount), production of electricity, gas and water. Hong Kong is the biggest source of FDI in Qinghai, accounting for 59.2% of the province's contracted FDI in 2007, followed by the US (19%) and Virgin Islands (16.5%).
FDI in Qinghai
Source: Qinghai Statistical Yearbook 2008 Consumer Market In 2007, retail sales of consumer goods rose by 15.7% to RMB20.8 billion and annual per capita disposal income of urban households was RMB10,276 (+14.2%). Major consumer markets are located in Xining which accounted for 66.7% of Qinghai's total retail sales. Composition of Per Capita Expenditure of Urban Household (%)
Source: Qinghai Statistical Yearbook 2008 Qinghai's consumer expenditure pattern has undergone structural changes over the last decade with relatively less on food and more on services. Major department stores and shopping centers in Qinghai include Xining Department Store, Xining Xidan Malls, Hualian Commercial Building. Economic Indicators of Major Cities (2007)
Notes: # For all state-owned enterprises and other forms with annual sales over RMB 5 million | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
