Gansu Province

Gansu is located on the western edge of central China. It is one of the poorest provinces in China and has one of the harshest climates as well. While it's climate is not favorable for attracting companies or individuals to work there; it is an optimal place for solar power stations as well as wind farms and it is rich with mineral resources including antimony, chromium, coal, cobalt, copper, fluorite, gypsum, iridium, iron and lead. As a result Gansu's economy is dominated by mining and energy.

Along with its vast depostis of coal and rare earths Gansu is also home to China's largest nickel deposits located around Jinchang city. Proven reserves of Nickel in Jinchang are in the neighborhood of 5.5 million tones which is 90% of China's nickel reserves and the third largest in the world. Nickel production in Jinchang is exclusively controlled by Jinchuan Group one of Gansu's largest companies.

The local government has set goals in its most recent 5 year plan to increase GDP by 10% a year and will focus investment in five pillar industries renewable energy, coal, chemicals, non-ferrous metal materials, pharmaceuticals and services.

Gansu Province Quick Facts

Area
454,000 km2
Population:
25,575,000
Population density:
73 people/km2
Gross domestic product:
338 RMB
GDP per capita:
12,836 RMB
GDP growth:
10.00%
Fixed Asset Investment:
billion RMB
Utilized Foreign Direct Investment:
billion US$

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Top 5 Gansu Province Companies

Gansu Jiu Steel Group Hongxing Iron (SHA: 600307) is a steel and iron products manufacturer. It posted RMB39.52 billion in revenues and RMB939.44 million in net profits for 2010.
Fangda Carbon New Material Co (SHA: 600516) is a manufacturer and distributor of carbon products including graphite electrodes, carbon bricks and ore concentrates. It posted RMB3.22 billion in revenues and RMB405.91 million in net profits for 2010.
Blue Star Cleaning Co (SHE: 000598) is engaged in the research, manufacture and distribution of industrial detergents, chemical products, plastic modified materials. It posted RMB611.57 million in revenues and RMB235.95 million in net profits for 2010.
Gansu Yasheng Industrial Group Co (SHA: 600108) is a hi-tech agriculture company. It posted RMB1.41 billion in revenues and RMB130.14 million in net profits for 2010.
Gansu Qilianshan Cement Group Co (SHA: 600720) is a manufacturer and distributor of cement products. It posted RMB2.99 billion in revenues and RMB491.33 million in net profits for 2010.

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Gansu Province Economic and Technological Development Zones

Lanzhou Economic and Technological Development Zone
Lanzhou New & Hi-Tech Industrial Development Zone

Gansu Province Economic Data and Statistics

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