II . Economy

(i) Economic Development of Jiangxi

In recent years, the economy of Jiangxi has increased rapidly. In 2005, the GDP of Jiangxi reached RMB 405.62 billion Yuan. The total value of the primary, secondary and tertiary industry respectively amounted to RMB 77.00 billion, 191.49 billion and 137.13 billion Yuan, and respectively taking up 19.2%, 45.3%, 35.3%. Per capita GDP came to RMB 9,439 Yuan, over USD 1,000 dollar. The fiscal revenue totaled RMB 42.59 billion Yuan; the gross fixed assets investment raised to RMB 229.3 billion Yuan.

(ii) Resources of Jiangxi

Mineral Resources

Jiangxi abounds in mineral resources. A total of 166 mineral deposits have been discovered and 102 of 166 verified through geological surveys. 13 mineral deposits such as copper, gold, silver and tantalum rank the first in the country, 14 reserves such as tungsten, bismuth and beryllium rank the second and third place in the country. Copper, tungsten, tantalum, uranium, medium heavy rare earths, gold and silver are honored as Jiangxi’s “Seven Golden Flowers”. Moreover, Jiangxi has set up the largest copper deposit of Asia and the biggest copper-smelting base of China.

Forest Resources

Forest area totals 10.6292 million hectares; Live tree reserves 354 million cubic meters. Forest coverage is as much as 60.05%, ranking the second place in China.

Water Resources

There are more than 2,400 rivers of various sizes across the province with a combined total length of about 18,400 km. The five major waterways in Jiangxi are Ganjiang River, Fuhe River, Xinjiang River, Xiuhe River and Raohe River. The quality of water from main rivers and lakes reaches the national class 2 or 3 standard. The gross volume of water resources in Jiangxi is 150.5 billion cubic meters and the volume per capita is above the average national level.

(iii) Industrial Development of Jiangxi

In 2005, the industry of Jiangxi developed very fast. The industrial added value amounted to RMB 145.55 billion Yuan; the contribution of industry to the economy was 51.6%. Industry has a sound economic efficient, and the profits of large scale industries reached RMB 11.55 billion Yuan. Six pillar industries, including Automobile & Aviation, Precision Instrument, Metallurgy & Metal products, Chinese Medicine & Biology medicine, Electronic Information & Electrical Appliances, Food Processing, Fine Chemicals & New Consttuction Materials, played a prominent role with an added value of RMB 49.72 billion Yuan.



(iv) Agricultural Development of Jiangxi

Jiangxi is a big agricultural province. Diversified farm products, such as grain, oil plant, vegetable, live pig, tangerine, navel orange and freshwater fish, take the lead in China. In 2005, the gross agricultural output valued RMB 114.30 billion Yuan, of which, grain yield totaled 37.08 billion jin.



(v) Commercial Development of Jiangxi

Actual Utilization of Foreign Investment

In 2005, 940 foreign-invested enterprises projects were newly approved, with 79 large newly signed projects whose foreign imestmeat volume exceed 10 million USD. The contracted foreign investment volume amounted to 3.88 billion USD. The actual utilization of FDI amounted to 2.42 billion USD. The industry projects, with investment volume exceeding 500 million, actually utilized foreign investment RMB 47.24 billon Yuan. More and More Fortunes 500 companies have settled in Jiangxi, with 21 projects invested by such companies.



Foreign Import &Export

Jiangxi province has import and export relationship with more than 180 countries and regions. In 2005, the gross volume of imports and exports totaled USD 4.06 billion, among which, USD 2.44 billion derived from export and USD 1.62 billion from import. The gross export volume of common trade amounted to USD 2.05 billion, taking up 83.9% of provincial export volume; and the gross volume of processing trade reached USD 390 million.





The Foreign Economic and Technological Cooperation

In 2005, the contracted volume of foreign contracted projects and labor cooperation amounted to USD 290 million. The turnover was USD 210 million. The volume of investment to foreign countries amounted to USD 31.41 million. Labors are mainly sent to 58 countries and regions. The primary countries are: Japan, Malaysia, Singapore, Indonesia, Zimbabwe, Sri Lanka and so on. The number of labors abroad is 7,052 at the end of the year.




Commerce and Circulation

In 2005, the retail rates of consumer goods in Jiangxi provice came to RMB 123.62 billion Yuan, the total trade of wholesale and retail business came to RMB 109.65 billion Yuan. The realized retail rates of catering industry amounted to RMB 12.33 billion Yuan, the number of various commodity trade markets is 2,395, among which, there were 72 commodity trade markets over RMB100 million Yuan, with the business volume of RMB 51.43 billion Yuan.