Jiangxi is a major producer of rice, freshwater products, timber and bamboo. Rich in minerals, the province’s reserves of copper, gold, silver and rare earths top the nation. As such, metal-related mining, smelting and pressing dominate its secondary industry. Jiangxi has the lowest average wage and third lowest property prices in China, allowing the province to lure manufacturing from its neighbours, Guangdong and Zhejiang.
However, as a result of wage and labour, the economy sits at the low-end of the value chain. As Guangdong and Zhejiang draw away skilled labour with higher wages, Jiangxi has been victim to a brain drain and finds itself trapped in a combination of low skill, low value-added, low innovation and low energy efficiency. Thus, without meaningful structural changes, its rich mineral resources may be at risk. The province plans to expand railways and develop new energy projects, including nuclear.
Nanchang Export Processing Zone
Nanchang National Hi-Tech Industrial Development Zone
Nanchang Economic and Technological Development Zone