City Overview:
Nanjing (Chinese: 南京) is the capital of China’s Jiangsu Province, and a city with a prominent place in Chinese history and culture. Nanjing (literally: ‘Southern capital’) served as the capital of China during several historical periods, including as the former capital city of Republic of China, and is listed as one of the Four Great Ancient Capitals of China. Nanjing is also one of the fifteen sub-provincial cities in the People’s Republic of China’s administrative structure, enjoying jurisdictional and economic autonomy only slightly less than that of a province.
Located in the lower Yangtze River drainage basin and Yangtze River Delta economic zone, Nanjing has always been one of China’s most important cities. Apart from having been the capital of China for six dynasties and of the Republic of China, Nanjing has also served as a national hub of education, research, transportation and tourism throughout history. With an urban population of over five million, it is also the second largest commercial center in the East China region, after Shanghai.
Economic Overview:
The current industry of the city basically inherited the characteristics of the 1960s, with electronics, cars, petrochemical, iron and steel, and power as the “Five Pillar Industries”. Some representative big state-owned firms are Panda Electronics, Jincheng Motors and Nanjing Steel. The tertiary industry also regained prominence, accounting for 44 percent of the GDP of the city. The city is also vying for foreign investment against neighboring cities in the Yangtze River Delta, and so far a number of famous multinational firms, such as Volkswagen, Iveco, A.O. Smith, and Sharp, have established their lines there. Since China’s entry into the WTO, Nanjing has received increasing attention from foreign investors, and on average, two new foreign firms establish offices in the city every day.
No comments:
Post a Comment