Anhui

Anhui's primary industry accounts for 12.7% of GDP, more than two percentage points higher than the national average, with major crops including rice, wheat and sweet potato. Anhui has a variety of natural resources including large iron deposits in Maanshan, coal from Huainan, and copper mines in Tongling. Compared to neighboring provinces on China's east coast Anhui has not experienced the same rapid economic growth, as a result Anhui's GDP per capita is around one-third of its neighbors Zhejiang and Jiangsu. Hefei, Wuhu, and Maanshan have benefited from there close location to Yangtze river and as results are significantly wealthier than the rest of the province due to their industrial and manufacturing industries.

Anhui's RMB1.72 trillion GDP in 2012 was largely driven by fixed asset investment. The investment-to-GDP ratio of 0.87 was one of the highest in China in 2012. This heavy FAI coupled with Anhui's pool of cheap labor and the establishment of an export processing zone in Hefei which will offer numerous incentives like tax rebates and exemptions for manufacturers to setup shop will likely further drive the growth of Anhui's more industrialized regions.

 

Anhui Quick Facts
  • Area
    139,400 km2
  • Population:
    68266300
  • Population density:
    440 people/km2
  • Gross domestic product:
    1235.9 billion RMB
  • GDP per capita:
    20888 RMB
  • GDP growth:
    14.60%
  • Fixed Asset Investment:
    1184.9 billion RMB
  • Utilized Foreign Direct Investment:
    5.02 billion US$
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Top 5 Anhui Companies
    • Anhui Conch Cement Co (SHA: 600585) is a leading cement producer and distributor. It posted RMB34.51 billion in revenues and RMB6.17 billion in net profits for 2010.
    • Maanshan Iron & Steel Co (SHA: 600808) is an iron and steel producer and distributor based in the city of Maanshan. It posted RMB64.98 billion in revenues and RMB1.1 billion in net profits for 2010.
    • Guoyang Securities Co (SHE: 000728) is specialized in debt service, dividend distribution, custody and authentication of securities, proprietary trading of securities; underwriting securities, and asset management. It posted RMB2.24 billion in revenues and RMB924.98 million in net profits for 2010.
    • SDIC Xinji Energy Co (SHA: 601918) is engaged in exploration, washing, processing and distribution of coal. It posted RMB7.01 billion in revenues and RMB1.25 billion in net profits for 2010.
    • Tongling Nonferrous Metals Group Co (SHE: 000630) is a manufacturer and processor of non-ferrous metals and chemical products based in the city of Tongling. It posted RMB51.3 billion in revenues and RMB899.21 million in net profits for 2010.

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Anhui Economic and Technological Development Zones

    Hefei Economic and Technological Development Zone
    Hefei Hi-Tech Industrial Development Zone
    Wuhu Economic and Technological Development Zone
    Wuhu Export Processing Zone


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