Nanjing and Economic Trends
Nanjing is the capital city of Jiangsu Province in East China. Nanjing, which is located in southwestern Jiangsu, covers a total area of 6,958 km2 with a population of 9 million, it’s a sub-provincial city divided into 11 districts and 100 township.
A dense network of train and road routes link Nanjing to cities and towns in the densely populated Yangtze River Delta. Logistics and distribution companies also make use of the warehouses and industrial properties adjacent to the Port of Nanjing, which is the largest inland-river petrochemical transfer port in China and the third-largest inland river port in China. The Nanjing Lukou International Airport is a bustling domestic and international hub and the 11th-busiest cargo airport in China.
The city of Nanjing is a key regional business hub with a growing number of domestic and international enterprises. A large portion of the city's GDP comes from service industries, including financial services, culture, and tourism.Nanjing is an industrial technology research and development hub, hosting many R&D centers and institutions, especially in areas of electronics technology, information technology, computer software, biotechnology and pharmaceutical technology and new material technology.
In 2021, Nanjing‘s GDP reached 1.6 trillion RMB, with an increase of 7.5% compared to the previous year. In 2021, the per capita disposable income of urban residents in Nanjing came to 66,140 RMB, an increase of 9.1% over the previous year.
The added value of Nanjing's primary industry was 31 billion RMB, a year-on-year increase of 0.8%; the added value of the secondary industry was 590 billion RMB, a year-on-year increase of 7.6%; the added value of the tertiary industry was 1,015 billion RMB, a year-on-year increase of 7.6%.
Main Sectors in Nanjing:
Automobiles
Petrochemicals
Biopharmaceuticals
Retail/Consumer Market
Main Industrial Areas in Nanjing:
Nanjing Baixia Hi-Tech Industrial Zone
Nanjing Economic and Technological Development Zone
Nanjing Export Processing Zone
Nanjing New and High-Tech Industry Development Zone