Ningxia Hui

Ningxia is the province with the third smallest GDP in China, but its neighbors, Inner Mongolia and Shaanxi, are two of the fastest growing provinces in China during last five years, creating more opportunities. Yet Ningxia's fundamentals are still very weak, lacking the rich natural resources of Inner Mongolia or the talent that drives high value-added industries and services in Shaanxi. Ningxia also has to invest heavily to maintain its agricultural in the face of natural adversities such as a dry climate, shortage of water, and sand storms. Ningxia's GDP grew 11.5% to RMB232.66 billion in 2012.


Unlike some poor regions with low labor costs, the average wage in Ningxia is higher than two-thirds of other provinces, making it less attractive as a base for manufacturers. At the same time, Ningxia does not have the population size to be a consumption hub. Ningxia's main industries, chemical manufacturing and metal smelting, all consume large amounts of energy. This problem is exacerbated by outdated equipment and technology that make it the least energy efficient region in China.

 

Ningxia Hui Quick Facts
  • Area
    66,000 km2
  • Population:
    6301350
  • Population density:
    89 people/km2
  • Gross domestic product:
    135.3 billion RMB
  • GDP per capita:
    21777 RMB
  • GDP growth:
    11.90%
  • Fixed Asset Investment:
    100.7 billion RMB
  • Utilized Foreign Direct Investment:
    0.07 billion US$
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Top 5 Ningxia Hui Companies
    • Yichuan Xinhua Department Store Co (SHA: 600785) is a retailer and commercial real estate developer. It posted RMB3.99 billion in revenues and RMB215.22 million in net profits for 2010.
    • Ningxia Orient Tantalum Industry Co (SHE: 000962) is a precious metal smelter. It posted RMB1.64 billion in revenues and RMB82.19 million in net profits for 2010.
    • Ningxia Saima Industry Co (SHA: 600449) is a cement and concrete manufacturer and distributor. It posted RMB2.43 billion in revenues and RMB561.79 million in net profits for 2010.
    • Ningxia Dayuan Chemical Co (SHA: 600146) is a plastics and biochemical manufacturer and distributor. It posted RMB72.11 million in revenues and RMB4.01 million in net profits for 2010.
    • Ningxia Zhongyin Cashmere Co (SHE: 000982) is engaged in the production and sale of cashmere, cashmere tops, cashmere yarns and cashmere sweaters. It posted RMB1.18 billion in revenues and RMB76.77 million in net profits for 2010.

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Ningxia Hui Economic and Technological Development Zones

    Yichuan Economic and Technological Development Zone
    Desheng Industrial Park


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