Xian

Historically and culturally rich, Xian's pillar industry is equipment manufacturing, particularly aircraft parts, and military and electronic equipment, and leads the Western Region in software development, aerospace technology, and high tech R&D. Xian's dominance has in part been due to significant investment, the closeness of some of the best universities in the region, and low labor costs. Additionally, the central city was one of the first service-outsourcing cities in China and still engages in software and service outsourcing.

With a 50-year plan to recreate much of the ancient imperial capital, the old city centre under major renovation. Xian's recent growth is due to heavy fixed asset investment in its economic development zones; as a result, the city must look elsewhere for sources of economic growth.

Xian's GDP grew 11.8% RMB436.9 billion in 2012.

 

Xian Quick Facts
  • Area
    9,983 km2
  • Population:
    8400000
  • Gross domestic product:
    324.15 billion RMB
  • GDP growth:
    14.5%
  • Fixed Asset Investment:
    325.06 billion RMB
  • Utilized Foreign Direct Investment:
    1.57 billion US$
  • Imports:
    5.07 billion US$
  • Exports:
    5.32 billion US$

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Top 5 Xian Companies
    • Jinduicheng Molybdenum Co (SHA: 601958) is engaged in mining, smelting, processing and distribution of molybdenum products. It posted RMB7.06 billion in revenues and RMB835.63 million in net profits for 2010.
    • Baoji Titanium Industry Co (SHA: 600456) is engaged in the manufacture, processing and sale of rare metal products. It posted RMB2.56 billion in revenues and RMB3.46 million in net profits for 2010.
    • Xian Aircraft International Corp (SHE: 000768) is engaged in the aviation, road transportation and construction material industries. It posted RMB10.53 billion in revenues and RMB345.56 million in net profits for 2010.
    • China XD Electric Co (SHA: 601179) is engaged in the design, research, development, manufacture and distribution of power transmission, distribution and control equipment. It posted RMB12.93 billion in revenues and RMB639.45 million in net profits for 2010.

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