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MARKET BRIEFING – ZHEJIANG
GENERAL INFORMATION
Location: Central Europe, eastern neighbour of Germany
Area: 312,685 sq km
Capital: Warsaw (Warszawa)
Population: 38 626 000
Main Economic Indicators 2003 |
|
Gross Domestic Product (RMB 100 million) |
9395 |
Real GDP growth (%) |
14.4 |
Consumer Price Index |
1.9 |
Foreign Direct Investment (Unit: USD 10 000)
total amount of FDI utilized through the signed agreements and contracts | FDI Actually Utilized | |||||
Projects (unit) | Direct Foreign Investment | |||||
2002 | Accumulation until 2002 | 2002 | Accumulation until 2002 | 2002 | Accumulation until 2002 | |
Total | 3364 | 24013 | 678912 | 3626586 | 316002 | 1687154 |
By Investment Mode | ||||||
Joint Enterprises | 1825 | 16900 | 217526 | 1702937 | 123106 | 886517 |
Cooperative Enterprises | 71 | 911 | 30273 | 270776 | 10515 | 126871 |
Foreign Enterprises | 1468 | 6201 | 431053 | 1650692 | 182381 | 672632 |
Share-System Enterprises | — | 1 | 60 | 2181 | — | 1134 |
Foreign Direct Investment by Country and Region
Country (Region) |
Number of enterprises at the end of 2002 | Number of Projects (unit) | Agreements of Foreign Capital (USD 10000) | Foreign Capital Actually Utilized (USD 10000) | ||||
Number | Foreign registed capital (USD 10000) | 2001 | 2002 | 2001 | 2002 | 2001 | 2002 | |
Hong Kong | 4239 | 590263 | 615 | 1102 | 144025 | 230144 | 66939 | 109672 |
Taiwan | 1925 | 163548 | 451 | 538 | 72542 | 46099 | 24827 | 31958 |
Japan | 1167 | 141238 | 238 | 283 | 37542 | 46099 | 24827 | 31958 |
Singapore | 269 | 66235 | 33 | 75 | 12267 | -626 | 5985 | 6883 |
Korea | 340 | 41669 | 96 | 140 | 23118 | 19362 | 858 | 8672 |
United Kingdom | 163 | 47739 | 38 | 48 | 12809 | 11364 | 11620 | 4850 |
France | 177 | 20422 | 24 | 43 | 8662 | 6329 | 5596 | 5976 |
Italy | 513 | 17704 | 30 | 65 | 6340 | 47999 | 1709 | 4226 |
USA | 1518 | 153812 | 318 | 415 | 49238 | 68871 | 25858 | 29204 |
Canada | 159 | 18939 | 45 | 64 | 11921 | 8346 | 1835 | 3176 |
Australia | 216 | 10865 | 47 | 79 | 2219 | 7080 | 987 | 1995 |
Total | 12111 | 682070 | 2310 | 3364 | 501588 | 678912 | 221162 | 316002 |
The number of enterprises at year-end refer to the enterprises registered at Industry and Commerce Administrative Department
Foreign Trade 2002 (Unit: USD 10 000)
2001 | 2002 | |
Exports | 2,297,747 | 2,941,820 |
Imports | 982,222 | 1,254,535 |
Trade Balance | 1,315,525 | 1,687,285 |
Country (Region) | Exports | Import | |||||
2001 | 2002 | Growth | 2001 | 2002 | Growth | ||
Total | 2,297,747 | 2,941,820 | 28.0 | 982,222 | 1,254,535 | 24.7 | |
APEC | 1,261,068 | 1,572,426 | 24.7 | 731,380 | 889,338 | 21.6 | |
Asia | 897,438 | 1,155,131 | 28.7 | 591,567 | 794,098 | 34.2 | |
Hong Kong | 118,500 | 140,988 | 19.0 | 21,502 | 22,941 | 6.7 | |
Japan | 376,995 | 400,991 | 6.4 | 230,076 | 272,124 | 18.3 | |
Taiwan | 29,290 | 38,119 | 30.1 | 114,959 | 148,029 | 28.8 | |
Korea | 77,999 | 116,593 | 49.5 | 122,905 | 188,506 | 53.4 | |
The Association of Southeast Asian Nations | 108,827 | 152,420 | 40.1 | 61,946 | 84,402 | 36.3 | |
Africa | 120,599 | 145,941 | 21.0 | 10,476 | 21,364 | 103.9 | |
Europe | 628,741 | 808,679 | 28.6 | 184,292 | 241,386 | 31.0 | |
European Free Trade Association | 432,476 | 594,284 | 28.5 | 157,689 | 199,334 | 26.4 | |
United Kingdom | 65,581 | 94,749 | 44.5 | 13,866 | 13,636 | -1.7 | |
Germany | 98,165 | 126,990 | 29.4 | 56,050 | 70,052 | 25.0 | |
Italy | 68,183 | 85,329 | 25.1 | 29,743 | 36,936 | 24.2 | |
France | 49,675 | 59,235 | 19.2 | 26,160 | 40,025 | 53.0 | |
Belgium | 26,942 | 34,486 | 28.0 | 11,815 | 17,656 | 49.4 | |
#Russia | 42,486 | 52,167 | 22.8 | 11,330 | 15,859 | 40.0 | |
Latin America | 131,280 | 152,692 | 16.3 | 21,854 | 34,092 | 56.0 | |
North America | 469,341 | 614,100 | 30.8 | 139,004 | 131,374 | -5.5 | |
United States | 440,159 | 568,972 | 29.3 | 117,781 | 111,383 | -5.4 | |
Canada | 29,173 | 45,123 | 54.7 | 21,053 | 19,724 | -6.3 | |
Oceania | 50,347 | 65,268 | 29.6 | 35,029 | 32,219 | -8.0 | |
Australia | 43,329 | 56,011 | 29.3 | 25,766 | 2,412 | -90.6 |
2002 Main Imports and Exports by Category
2001 | 2002 | Growth | |
Imports | |||
Primary Plastics | 71158 | 85014 | 19.5 |
Textile Machinery | 50909 | 86411 | 69.7 |
Tv set, radio sets and radio communication | 48179 | 39320 | -18.4 |
Rolled steel | 40563 | 81271 | 100.4 |
Waste Copper | 39576 | 34409 | -13.1 |
Integrated Circuits and Microelectric Module | 28462 | 39673 | 39.4 |
Terephthalic Acid | 22248 | 53711 | 141.4 |
Mobile Telephone (Hand or used in car) | 18613 | 51363 | 176.0 |
Logs | 17728 | 17824 | 0.5 |
Cotton Textiles | 17109 | 12453 | -27.2 |
Paper Pulp | 16603 | 18015 | 8.5 |
Machine Tools | 14792 | 18923 | 27.9 |
Automatic Instruments or Implements for Measurement Examination Analysis | 13528 | 15843 | 17.1 |
Liquefied Petroleum Gas and Other Hydrocabon Gas | 13313 | 29141 | 118.9 |
Synthetic Fiber Silk Knit Goods | 11981 | 11173 | -6.7 |
Electrical Apparatus for Switching or Protecting Electrical Circuits | 11554 | 15398 | 33.3 |
Exports | |||
Carments | 586074 | 672238 | 14.7 |
Textiles | 286426 | 409021 | 42.8 |
Shoes | 79749 | 113214 | 42.0 |
Seawater Aquatic Products | 48545 | 43645 | -10.1 |
Plastic Articles | 49192 | 65213 | 41.2 |
Lighting Installation | 41940 | 58453 | 39.4 |
Travelling Articles | 38127 | 49328 | 29.4 |
Mobile Telephone (Hard or used in car) | 32093 | 24359 | -24.1 |
Furniture | 31199 | 45879 | 47.1 |
Bedding | 28047 | 36055 | 28.6 |
Medical and Pharmaceutical Products | 26600 | 35737 | 34.3 |
Electrical Apparatus for Switching or Protecting Electrical Circuits | 26190 | 29962 | 14.4 |
Hand Tools and tools for Machines | 20080 | 26192 | 30.4 |
Bearings | 18867 | 23175 | 22.8 |
Parts of Motor Vehicle | 18235 | 24268 | 33.1 |
Toys | 17192 | 19847 | 15.4 |
USEFUL CONTACT:
ZHEJIANG FOREIGN TRADE AND ECONOMIC COOPERATION BUREAU/
ZHJIANG FOREIGN INVESTME ADMINISTRATIVE BUREAU
Address: 470 Yan'an Road, Hangzhou, China
Telephone: (571) 5154210
Fax: (571) 5154131
E-mail: investzj@zftec.gov.cn
Website: www.zhejiangchina.com
ZHEJIANG PROVINCE FEDERATION OF INDUSTRY AND COMMERCE
Address: Shengfulu Shengfu 5 Hao Lou, Hangzhou, Zhejiang 310007, CHINA
Telephone: (0571) 7053926
Fax: (0571) 7053939
E-mail: zjfic@zjfic.org.cn
ZHEJIANG FOREIGN TRADE AND ECONOMIC COOPERATION BUREAU
http://www.zftec.gov.cn/index/index.jsp
PUBLICATION AVAILABLE IN OUR LIBRARY:
Zhejiang Statistical Yearbook 2003
Zhejiang Investment Guide
SOURCE:
China Statistical Yearbook 2004
Zhejiang Statistical Yearbook 2003