Heilongjiang

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.

 

Heilongjiang Quick Facts
  • Area
    460,000 km2
  • Population:
    38312224
  • Population density:
    people/km2
  • Gross domestic product:
    1036.9 billion RMB
  • GDP per capita:
    27076 RMB
  • GDP growth:
    12.70%
  • Fixed Asset Investment:
    680.2 billion RMB
  • Utilized Foreign Direct Investment:
    2.67 billion US$
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Top 5 Heilongjiang Companies
    • China First Heavy Industries (SHA: 601106) is a machinery designer and manufacturer established in 1954. It posted RMB8.59 billion in revenues and RMB789.81 million in net profits for 2010.
    • Harbin Pharmaceutical Group Co (SHA: 600664) is a leading drug maker and distributor. It posted RMB12.54 billion in revenues and RMB1.13 billion in net profits for 2010.
    • Heilongjiang Agriculture Co (SHA: 600598) is a grain and fertilizer producer and distributor. It posted RMB9.23 billion in revenues and RMB356.68 million in net profits for 2010.
    • Orient Group Inc (SHA: 600811) is a retailer of construction materials and household decoration materials. It is also involved in industrial and mining production, as well as a leasing services provider. It posted RMB2.96 billion in revenues and RMB283.61 million in net profits for 2010.
    • Hafei Aviation Industry Co (SHA: 600038) is an aerospace producer and distributor. It posted RMB2.27 billion in revenues and RMB119.65 million in net profits for 2010.

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Heilongjiang Economic and Technological Development Zones

    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


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