Following the opening of the Daqing oilfield in 1959, Heilongjiang has been a significant source of petroleum for China. Its agricultural sector is heavily defined by the cold climate and the province's famous fertile black earth, allowing it to produce wheat, rice and corn harvests. The province is also an important source of milk, gold, and lumber.
As the Daqing oil fields are depleting and oil production has been dropping every year since 2000, there is a pressing need for a new economic growth engine. At present, many investments are being made in large construction projects, water conservation, and airport expansion within Heilongjiang. Additionally, emerging industries such as equipment manufacturing, energy, petrochemicals, textiles and food processing are being planned.
Heilongjiang's GDP grew 10% to RMB1.37 trillion in 2012.
Daqing New & Hi-Tech Industrial Development Zone
Heihe Border Economic Cooperation Area
Harbin Economic and Technological Development Zone
Harbin New & Hi-Tech Industrial Development Zone
Sino-Russia Dongning-Piurtaphca Trade Zone
Suifenhe Border Economic Cooperation Area