* Overall Strength

Nanjing is one of the important central cities in Chinese economy, with heavy chemical industry as its pillar. The production capacity of both electronics and chemicals rank the 2nd among all the cities in China; automobile manufacturing ranks the 3rd; machine building, home electric appliances and building materials are also at a considerable production scale. Nanjing is the hub of transportation and communication in East China. A transportation network consisting of different transport means with a high transporting capacity has been formed, including all the transport means of railway, highway, air, water and pipeline. And the communication system has also been modernized. Nanjing is the 2nd largest commercial city in East China, only next to Shanghai, wid education, concentrated here with a large number of first-rank higher learning institutions and research institutes of China.

In 2002, its GDP amounted to129.5 billion yuan (RMB), the financial revenue 26.49 billion yuan (RMB), and the total amount of consumer goods retails 52.6 billion yuan (RMB). The disposable income per capita of the urban residents and the net income per capita of the peasants are 9157 yuan and 4578 yuan respectively. Generally, the living standard of the people has reached the well-off level ahead of the previously set schedule.

Nanjing, bestowed with the beautiful landscape of hills, waters, forests plus the beautiful man-built city, has apparently possessed the very favorable regional and environmental conditions for sustainable development.

* Industries

The six leading industries are machinery, iron and steel, biological engineering and pharmacy, new-type building materials, and textile and garment-making.
anediol, and epoxy ethane.

And Nanjing has 9 world-class petrochemical plants. All the plants will fully come into commercial operation in 2005.

In 6 broad categories of chemical fertilizer, inorganic chemical material, organic chemical material, catalyst, chemical industrial machines, and chemical fiber; and is also engaged in scientific research, design, manufacture, construction and installation of chemical projects.

By the central government of China. The Park is planned to mainly develop petrochemicals, base organic chemical material, refined chemical, high polymer material, new chemical material and bio-pharmaceutical engineering medicine.
Now settled down in the Park are SINOPEC Group Yangzi Petrochemical Co. and YPC-BASF Company Limited. The public facilities there are complete and can meet all the requirements of production and life.

Nanjing Steel and Iron Corporation (Group) is a state super large industrial enterprise, possessing a fixed capital of 13.7 billion yuan, with an annual steel output of 3.2 million tons, and an annual retail income of 1.4 billion yuan. The Corporation is vuth Korea and Norway. The automation level of its production line of strip steel is at the top in China.

Nanjing Kumho Tire Corp., Ltd. is a large tire production enterprise jointly invested by Nanjing Tire Plant, South Korea Kumho Corp. and the International Finance Company of the World Bank. The output of its main products is the largest in the industry in China; the products have been used by over 30 automobile manufacturers, and have been exported to over 50 countries and regions in the world through the overseas sales network of the South Korea Kumho Corp, the export value accounting for 40% of the total sales. The products have passed, successively, the authentication for the quality safety by the international authoritative institutes of DOT of USA, ECE of European Union, SASO of Saudi Arabia and GULF of the Middle East, and also have been authenticated by the ISO9002 quality system of BVQI of France.

Nanjing Kumho Tire Corp., Ltd. is a large tire production enterprise jointly invested by Nanjing Tire Plant, South Korea Kumho Corp. and the International Finance Company of the World Bank. The output of its main products is the largest in the industry in China; the products have been used by over 30 automobile manufacturers, and have been exported to over 50 countries and regions in the world through the overseas sales network of the South Korea Kumho Corp, the export value accounting for 40% of the total sales. The products have passed, successively, the authentication for the quality safety by the international authoritative institutes of DOT of USA, ECE of European Union, SASO of Saudi Arabia and GULF of the Middle East, and also have been authenticated by the ISO9002 quality system of BVQI of France.

The Nanjing-Sharp Electronic Corp., Ltd., set up with the joint investment of the Japanese Sharp Corp. and Nanjing Panda Electronic Corp., Ltd., was registered in March 1996, with a total investment of US$57.796 million, and mainly producing AV products of 21st century.

Nanjing Phoenix Electric Corp., Ltd. is a high-tech enterprise jointly invested by the German Phoenix Electric Corp. and Nanjing Electric Automation Research Institute (NARI) of the Ministry of Power Industry of China, which is the largest overseas production management base of the German Phoenix Electric Corp.

* Petrochemical Industry

Nanjing is a good place for their investment and development. At present, the YPC-BASF project of 600000t/a is being constructed in full swing.

* Automobile Manufacturing Industry

Foreign aoto companies and Nanjing Motor Group have set up some joint ventures like Naveco, Ltd., Nanya Automobile, and Jincheng-Suzuki Company.

The products cover: several hundred models of trucks, utility vehicles, passenger vehicles, motorcycles and agricultural vehicles of medium, light and mini categories. In addition, there is a batch of enterprises producing auto parts on a fairly large scale, all of which started at a high level.

Nanjing Puzheng Rolling Stock Plant of China Nanjing Automobile Group, founded in 1908, is a large backbone enterprise of China engaged in manufacturing railway cars and in-city rail transportation vehicles and train wheels and car fittings. It is a base fNanjing Hong Kong Changjiang Co. Ltd. was established in 1985, one of the earliest foreign funded enterprises that were approved by the municipal government. Now it has become one of the largest automobile service enterprises in China; its service quality and technological level are the best among the auto maintenance enterprises in China at present.

Nanjing Changjiang Toyota Motor Sales and Service Co., Ltd. is a joint venture between Nanjing Hong Kong Changjiang Co., Ltd. and the Jiangsu Province Xinjia Sales Company Limited. It is the only 3-S center in the entire area of Nanjing for the imported Toyota motors in Nanjing area, for the Tianjin Toyota Motor Co., and Sichuan Toyota Motor Co. It provides its customers not only the detailed information about the products, but also such one-stop services as installment, insurance and licensing service.

Machine building industry in Nanjing has its own features, mainly producing power transmission equipment, machine tools, agricultural machines, general purpose machines, and light industry machines. Of all its products, the following products have obvious superiority over their rival products in China: gas turbine generator sets, HV porcelain, spark plugs, NC machine tools, air compressors, and high-speed heavy duty gearboxes.

There are 45 pharmacies, companies, higher learning institutions and research institutes that are engaged in Western and Chinese traditional medicine education, research, production and business, with a total number of over 20,000 specialized technical personnel. The main products include raw medicine materials of over 30 varieties in 13 general categories, over 300 varieties of medicine in various injections, tablets and capsules, and over 200 varieties of herb and concocted traditional Chinese medicine. And also produced are over 200 types of medical apparatuses.

Nanjing Pharmacy Industry Co. (Group) is one of the five important industrial groups of Nanjing, possessing 3 son companies fully funded of its own and 10 holding son companies with a total asset of 3 billion yuan. Now it has become a large state-owned indristic products that have to be developed with priority: NC machine tools, compressors, food processing, refrigeration equipment, analyzing instruments, microscopes, high-grade cement, garment, cosmetics, gold wires, foils and ornaments, and ceramic ware, all of which have formed series and can be produced in batches. Some of the products have been exported to many different countries and regions, and have enjoyed high reputations both at home and abroad.
The Red Sun Group Corporation is a state large enterprise group set up by 22 corporations of whole capital and stock holding. The Group has a total asset of 2.86 billion yuan, possessing a high-tech listed company, 2 companies that are to be listed in near future, 2 overseas companies, 4 engineering technology centers, 52 laboratories and 10 production bases. It has developed into a comprehensive group company that is engaged in 7 main leading industries such as agricultural chemicals, biological medicine.

* Agriculture

The land of Nanjing has a variety of geomorphic features and is rich in natural resources, suitable for growing many different crops and forestry products, and for raising domestic animals and aquatic products. In recent years, the agriculture and rural economy in the suburbs has been developing steadily. Thanks to the successive bumper harvests and increasingly diversified agricultural economy, the peasants have gained a substantial increase in their earnings.

Drastic adjustments have been made in the agricultural structure, bringing about a big rise in the per hectare output. The process of operating agriculture as an industry has been quickened continuously. A batch of modern agricultural enterprises like the Yurun Food Co. and the Weigang Milk Products Co. have emerged, which are super-large enterprises and regarded as nationally leading enterprises of the industry in the country.

With quick development of the export-oriented agriculture, two agricultural development zones have been established, namely, the Jiangning export-oriented agricultural development zone (classified at the state level), and the Gaocun export-oriented agricultural development zone (at the provincial level). Over 100 joint venture projects have been established in the areas of crops growing, livestock raising and products processing. The traditional agricultural products such as bee honey products and tea products have been sold in the international market.

* Business and Market

The city of Nanjing is on the Yangtze River and close to the East China Sea, having close links with the vast hinterland, which is very favorable for forming large-scale commerce, large market and large circulation. There are over 70000 of retailers, restaurants and services of all kinds, and 550 markets of various types. Recent years have also seen a rapid development in the new-type chain stores, electronic commerce, and warehouse sales. The giant foreign firms like German Metro, OBI and French Carrefour have set up branches in Nanjing; and the Chinese giants like Suguo and Suning have emerged with strong competitiveness. In 2002, the total social retails of consumer goods amounted to 52.6 billion yuan.

The market system has been further improved; the scale of commercial and trading circulation has been expanded continuously; and improvement has been made in commercial categories, grades and functions. The commercial and trading circulation is booming, which is a good sign of strong capacity of sustainable development.
There are several commercial centers in Nanjing, with the Xinjiekou area as its mark of the flourishing and brisk retail business. Both the Chinese and foreign retailers have their own special business features. Concentrated there are some large commercial enterprises like the Xinjiekou Department Store Co., Ltd., the Central Emporium Co., Ltd., and the Golden Eagle International Shopping Center, all of which have a high business reputation and influence across the country.

The Golden Eagle International Group is the first foreign funded enterprise that was approved by the municipal government in Nanjing. It has a total asset of over 2 billion yuan with its core business in the three big directions of real estate development, chain-stores of daily use goods, and high technology. It uses Nanjing as its base and expands actively its business into Shanghai, Nantong, Yangzhou, Suzhou and Kunming. The Group has entered successfully into the high-tech information industry through acquisition; and has entered such front fields as biological engineering and pharmacy and software development by using its comprehensive resources and integrating the development business of the excellent high-tech enterprises.

* Tourism

Nanjing, known as an ancient capital for 10 Chinese dynasties, is located amid green hills and forests and water bodies. Its long history and beautiful scenery have made it a great attraction to tourists from home and abroad.
Nanjing has abundant natural, historical and cultural resources for developing tourism. There are about 200 scenic spots and historical places, big and small, of which the Zhongshan scenic zone and the Qinhuai River scenic strip have been listed two of theai River scenic strip, the Stone Wall scenic zone, the Yangtze River features, the Qixia scenic zone, the southern suburban area, the Tangshan scenic zone, the Golden Bull Lake, the Pearl Spring tourist holiday resort, and the Wuxiang Temple tourist holiday resort.

The comprehensive tourism services are getting better and better. A comprehensive tourism system has been formed, including travel agencies, hotels and restaurants, transportation, tourism goods, tourism entertainment and amusement. Now there are 135 hotels receiving foreign tourists, of which 101 hotels are classified as star hotels. There are 258 travel agencies. The well-known Chinese hotels are the Jinling Hotel and the Xuanwu Hotel; and the international hotel management group manages the Hilton Hotel, Sheraton Hotel, the Holiday Inn Crowne Plaza, and Ramada Hotel. The total annual value of 2002 earned by the tourism industry was 18.073 billion yuan, ranking the 4th place among the cities at the same level in China. 17,769,800 tourists from home and abroad visited Nanjing in 2002. The inbound tourists had brought in foreign exchange of US$244 million.

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