Nanjing

Quick Facts

• Population: 8.21 million

• GDP: £104.5 Billion (2016)

• Provincial capital of Jiangsu province

• Nanjing hosted 2014 Summer Youth Olympics

• The 2nd largest commercial centre in the East China region

• 1 hour to Shanghai by high-speed train

Located in the east of China, Nanjing is the provincial capital of Jiangsu province. Nanjing has played an important role in both ancient and modern Chinese history, including during its time as the capital between 1927 and 1937.

As the capital of the nation’s most populous and most wealthy province (proportionally), Nanjing has become an important regional hub for commercial activity. Nanjing itself is an important industrial production base too and has benefitted from an influx of foreign investment since economic reforms in 1990.

Nanjing is also an important centre of higher education, accommodating 41 universities with over 600,000 students. Software outsourcing services and the biochemical industry in Nanjing are growing rapidly as a result.

Nanjing is located at the intersection of Yangtze River and is an important transportation hub for the north-south transport route. Nanjing is locally known as the “door of the east and west, throat of the south and north”.

Nanjing is popular amongst tourists for the ancient Ming Dynasty tombs that are on the UNESCO World Heritage List. And also for the remnants of the Kuomintang government which overthrew the Chinese monarchy and made Nanjing its capital before it became the focus of Japanese aggression in WW2.

Economic Highlights

• Service Industry continues to strengthen the dominant position.
• Modern agriculture develops rapidly, agricultural production remained stable.
• Industrial structure optimizes, corporate efficiency has improved.
• Consumer goods market promotes steadily.

Key Industries

• Automotive

• Education

• Petrochemicals

• ICT

• Iron & Steel

• Power Generators

Key Economic Zones and Businesses

Suning Group is one of the largest privately owned electrical appliance retailers in China. It has over 700 stores in China and headquarters in Nanjing. Suning recently announced plans for a new “cloud retail” business model. The company wants to integrate online and offline operations to become an integrated offline business, e-commerce and a retail service provider.

Simcere Pharmaceutical Group was founded in March 1995. Simcere swiftly evolved from being a pure distributor of pharmaceutical products to become a leading manufacturer and supplier of drugs in China’s rapidly growing pharmaceutical market. Simcere currently operates five Good Manufacturing Practice (GMP)-certified manufacturing facilities, two nationwide sales and marketing subsidiaries, an R&D centre and manages over 4,000 employees.

YuRun Group has its headquarters in Nanjing. The conglomerate is one of China’s top 500 enterprises. Main business areas include food processing, logistics, running department stores, tourism, real estate, and finance. Part of the Yurun Group food business was successfully listed on the Hong Kong Stock Exchange in 2005.

Useful Online Resources

Nanjing Municipal Bureau of Commerce
http://www.njsmj.gov.cn/
China Council for the Promotion of International Trade, Jiangsu Sub-council
http://en.ccpitjs.org/