Hebei

Hebei's economy is largely dominated by iron and steel manufacturing, as consolidation in the steel industry continues, this is likely to increase. Despite this strong manufacturing base, over 40% of the population works in the agriculture, forestry and animal husbandry sectors, with a large amount of these crops feeding Beijing and Tianjin. The province plays strategically important role for its giant neighbors, providing an industrial base and transportation hub as well.

Going forward, tighter integration of Beijing, Tianjin and 13 municipalities from Hebei into an economic zone will help promote growth in Hebei, particularly in the areas of high tech manufacturing, logistics and tourism. Currently, a large amount of transportation infrastructure construction is underway to make this a reality. Along with helping to promote the province’s economy, this is also likely to create strong growth in Hebei's real estate market.

Hebei's GDP grew 9.6% to RMB2.66 trillion in 2012.

 

Hebei Quick Facts
  • Area
    187,700 km2
  • Population:
    71854202
  • Population density:
    372 people/km2
  • Gross domestic product:
    1723.5 billion RMB
  • GDP per capita:
    24581 RMB
  • GDP growth:
    10.00%
  • Fixed Asset Investment:
    1231.2 billion RMB
  • Utilized Foreign Direct Investment:
    3.60 billion US$
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Top 5 Hebei Companies
    • Hebei Jinniui Energy Resources Co (SHE: 000937) is a coal miner, processor and distributor. It posted RMB30.29 billion in revenues and RMB2.4 billion in net profits for 2010.
    • Tangshan Iron & Steel Co (SHE: 000709) is a leadig smelter, processor and distributor of steel products. It posted RMB116.92 billion in revenues and RMB1.41 billion in net profits for 2010.
    • Baoding Tianwei Baobian Electric Co (SHA: 600550) is a generator transformer manufacturer and distributor. It posted RMB7.63 billion in revenues and RMB618.81 million in net profits for 2010.
    • Tangshan Jidong Cement Co (SHE: 000401) is a leading manufacturer and distributor of construction materials. It posted RMB11.06 billion in revenues and RMB1.4 billion in net profits for 2010.
    • Kailuan Energy Chemical Co (SHA: 600997) is a coal miner, processor and distributor. It posted RMB15.15 billion in revenues and RMB868.85 million in net profits for 2010.

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Hebei Economic and Technological Development Zones

    Baoding Hi-Tech Industry Development Zone
    Langfang Export Processing Zone
    Qinhuangdao Economic & Technological Development Zone
    Qinhuangdao Export Processing Zone
    Shijiazhuang Hi-Tech Industrial Development Zone


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