（Translator：Xue Haohan, Proofreader: You Jianmin）
According to the preliminary accounting, in 2017 Qinhuangdao’s gross domestic product (GDP) reached 150.601 billion RMB, 7.3% higher than that of the previous year. The added value of the primary industry was 20.002 billion RMB, 3.1% higher; the added value of the secondary industry was 52.068 billion RMB, a rise of 5.4%; the added value of the tertiary industry was 78.531 billion RMB, up by 9.7%. The city’s per capita GDP was 48,539 RMB, increasing 6.6%. The city’s financial revenue of the whole year was 23.049 billion RMB, 13.3% higher than that of the previous year. The added value of the private economy reached 100.985 billion RMB, 7.4% higher than that of the year earlier, which took up 67.1% of the city’s GDP. The amount of tax payment was 15.599 billion RMB, up by 19.2%, which took up 67.7% of the total financial revenue. The number of employed people was 783,400, up by 4.2%.
The total value of import and export was 33.819 billion RMB, up by 16.7% over the previous year, of which the gross export value was 21,569 billion RMB, a rise of 10.7%; the gross import value was 12.250 billion RMB, increasing 29.2%. The exports of mechanical and electrical products accounted for 56.3% of the gross export value, up by 1.7% over the year earlier. The disbursement of foreign capital reached 1.022 billion US dollars, 13% more than that of the year before. Among them, the Foreign Direct Investment (FDI) was 1.014 billion US dollars, up by 53.9%. In the FDI, the secondary industry accounted for 97.3%, and the tertiary industry covered 2.7%. The number of foreign capital cooperation programs that had been approved was 11, which increased 1.2 times; the contract value of the new approved foreign investment was 17.5 million US dollars, which increased 4.04 times.
Qinhuangdao is greeting the opportunities and chances that have never met before. The national strategy of Promoting Beijing-Tianjin-Hebei Collaborative Development, the Cooperative Development of the Circum-Bohai Sea Region, a new round of revitalization of Northeast China, and the establishment of Asian Infrastructure Investment Bank (AIIB), all of these major strategic opportunities bring us a series of policy support with money in hard cash, which pour strong national motivation into Qinhuangdao’s accelerated development.
Qinhuangdao has taken the lead in building one-stop government service center across the country, which highly improves the working efficiency. Qinhuangdao has specially established the Investment Promotion and Enterprise Service Center, which makes possible the program of the “Two-Sides-Do-not-Meet”, through which, the government has built the mechanism that the staff would assist or substitute clients in managing the related materials. In the center, as a client, you would receive more than expected respect and treatment. There are more than 30 service groups of project management, and more than 100 staff are at your service heart and soul. We hope you would enjoy a relaxed, comfortable and happy mood to devote yourself to enterprise development. The organization of “One Case One Meeting” aims at the major projects that have reached certain scale of investment and meet the needs of industry development, which would receive major support.
With an open and inclusive international business environment, Qinhuangdao has become a service highland in the heart of the entrepreneurs and a cosmopolitan investment pond, which makes entrepreneurs feel like a home from home. Today’s Qinhuangdao has attracted many enterprises for investment, which include 57 international giant enterprises and 40 enterprises that are either domestic well-known state-owned key ones or private ones. These enterprises include ADM and GE from the U.S., Wilmar from Singapore, Asahi Glass from Japan, TI from Britain, Thai Charoen Pokphand from Thailand, LG and POSCO from South Korea, COFCO, China Railway Engineering Co., CNBM, CITIC, Harbin Power, Tianwei Baobian, PKU BDWM investment, etc. Through these enterprises, the city has gained ample economic returns.