Nanjing

Nanjing's economy is mainly based on electronics, cars, petrochemicals, iron and steel, and power, referred to as the "five pillar industries". It has been overtaken economically by cities like Suzhou and Wuxi in recent years, leaving it only third in Jiangsu. Nanjing's GDP grew 11.7% RMB720.2 billion in 2012..

Nanjing has been developing its economy, commerce, industry, as well as city construction. Car production is set to become more important, with Mazda having moved the Chinese production of its Mazda 3 model to Nanjing, while a domestic carmaker, Shanghai Automotive Industry Corp, opened a RMB2.6 billion plant that will have an annual production capacity of 200,000 cars and 250,000 engines. The city government is also building industrial parks to improving the desirability of the city to investors. Nanjing faces a tough contest to main attractiveness in face of the competition from rivals from within the province.

Nanjing Quick Facts
  • Area
    6,582 km2
  • Population:
    7700000
  • Gross domestic product:
    501.04 billion RMB
  • GDP growth:
    13.1%
  • Fixed Asset Investment:
    330.61 billion RMB
  • Utilized Foreign Direct Investment:
    2.67 billion US$
  • Imports:
    20.71 billion US$
  • Exports:
    24.89 billion US$

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Top 5 Nanjing Companies
    • Suning Appliance Co (SHE: 002024) is China's largest retailer by revenue. It posted RMB75.51 billion in revenues and RMB4.01 billion in net profits for 2010.
    • Nanjing Iron & Steel Co (SHE: 600282) is engaged in smelting and processing of ferrous metal. It posted RMB30.06 billion in revenues and RMB918.7 million in net profits for 2010.
    • Nanjing Central Emporium Group Co (SHA: 600280) is engaged in commodities retailing business. It posted RMB4.94 billion in revenues and RMB46.64 million in net profits for 2010.
    • Jiangsu Hongtu High Technology Co (SHA: 600122) is engaged in electronic trading, industrial manufacturing, real estate business, as well as system integration. It posted RMB11.31 billion in revenues and RMB246.84 million in net profits for 2010.
    • Nanjing Pharmaceutical Co (SHA: 600713) is engaged in manufacture and distribution of Chinese medicines and western drugs. It posted RMB15.34 billion in revenues and RMB9.37 million in net profits for 2010.

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