Investment in Sichuan

Investment in Sichuan

Key Facts:

Area: 488,000 square km
Population: 84.28 million
Capital City: Chengdu
Major Cities: Emeishan, Zigong, Daxianshi
GDP: 655.6 billion RMB (2004)

Investing in Sichuan Province

Foreign Direct Investment (FDI) in Sichuan province during 2004 stood at approximately US$ 1 billion, this was an increase of 8.1% on the previous year. A total of 436 overseas project and labour contracts were signed in Sichuan Province over 2004. Total business turnover in the province for 2004 was US$ 490 million.

In 2004 a great deal was spent on improving transport infrastructure in Sichuan Province, by the end of the year 113,000 km of highways had been opened. Included in this figure was 1,758 km of express highway. The rail network in Sichuan Province was also significantly improved during 2004. By the end of the year 2,867 km of track was opened for rail traffic.

The revenues earned by the major industries in Sichuan all increase between 2003 and 2004 but not to the same extent as some of the other provinces in China. The tourism industry experienced the most dramatic change in revenue. By the end of 2004 revenue for tourism totalled 56.62 billion RMB, an increase of 34.6% on the figure for 2003. The other industries improved but did not fair quite so well. Annual turnover from sales in the retail industry reached 238.4 billion RMB, an increase of 14% on the 2003 figure. The total value of the construction industry in 2004 reached 216.52 billion, an increase of 18% on 2003. In 2004 the total out put of grain in the agricultural industry was 33.265 million tonnes, an increase of only 4.5% on the previous year.

By the end of 2004 the employed population of Sichuan Province stood at approximately 46.91 million people. This was an increase of roughly 75,000 from the end of 2003. Also, by the end of the year nearly 1,500 townships in Sichuan Province had established a social security network for rural residents and 420 community centres had been opened in urban areas.

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