Investing in Gansu
Gansu is a landlocked province in Northwest China. Its capital and largest city is Lanzhou, located in the southeast part of the province. Mineral resources, rare earth deposits, and oil are abundant in Gansu. It is also home to many renewable energy plants, including solar, wind, and hydroelectric. The province covers a total surface area of 425,800 km2 with a population of 25 million inhabitants.
Local authority data shows that Gansu recorded total exports of USD 1.9 billion and total imports of USD 3.6 billion, with 2,342 established foreign investment companies. In addition to an average urban salary of USD 10,684.
In terms of GDP among the provinces in China, Gansu ranked 27th, reaching USD 131 billion in 2020 and USD 125 billion in 2019 with a GDP per capita of USD 4,935. Along with GDP growth of +6.2% in 2019 and +3.9% in 2020.
Main Economic Centers (GDP) in Gansu
Lanzhou (USD 42 billion)
Qingyang (USD 11 billion)
Tianshui (USD 10 billion)
Jiuquan (USD 10 billion)
Wuwei (USD 8 billion)
Main Sectors in Gansu
Raw materials
Petrochemical
Agricultural products
New materials
Main Industrial Areas in Gansu
Lanzhou Economic and Technological Development Zone
Jinchang Economic and Technological Development Zone
Tianshui Economic and Technological Development Zone
Zhangye Economic and Technological Development Zone
Jiuquan Economic and Technological Development Zone
Lanzhou High-tech Industrial Development Zone
Baiyin High-tech Industrial Development Zone
Lanzhou New District Comprehensive Bonded Zone