In order to better understand the economic situation 
of Gansu and investment opportunities we were taken to visit the Investment and Trade Promotion Bureau of Gansu Province. Here we were met by Mr Zhang Shien who gave us a presentation.
Overview
Gansu is a province in the north-west of China with fourteen cities. The province covers an area of 425,000 square kilometers with a population of 26 million, including members of 55 ethnicities. The landscapes are diverse, including plains, plateaus, river valleys and the Gobi desert.
There has been a lot of investment in infrastructure, particularly roading (the highways between cities are excellent!) and railways.
There is a broad range of economic activities taking place including agriculture, metal (both non-ferrous and iron and steel), petrochemical and manufacturing. The emphasis is upon adding value to products within the region. There has also been significant biological and pharmaceutical research.Petrochemical Industry
There are two oil fields in Gansu, and the petrochemical industry can produce 800 kinds of petrochemical products in 25 categories: petroleum processing, ethylene, chemical fertiliser, synthetic resin, rubber synthesis, refinery catalysts and chemical additives.
Metallurgy and Nonferrous Metals Industry
Gansu is rich in mineral resources and key enterprises such as JISCO, JNMC and Baiyin Non-ferrous Metal Company lead the sector. Metals dealt with include: iron, steel, nickel, lead, aluminium, and silver.
Biological Pharmaceutical Industry
The two main production areas of pharmaceuticals in Gansu are Dingxi City and Longnan City. There are 1500 kinds of medicinal plants found in Gansu, and a lot of research and development has been taking place at organisations such as Lanzhou University, Biological Institute of Gansu Provincial Academy of Sciences and the Lanzhou Institute of Biological Products. Research has taken place in areas such as vaccination, genetic engineering, natural medicine and crop breeding.
Agricultural Industry
Some of the main agricultural products of Gansu include: potato, traditional Chinese medicine, clover, corn, beer barley, apples and pears. Grain is grown on over 2.5 million hectares of land in Gansu. An advantage of growing in Gansu is that it receives a lot of sunlight, long frost-free periods and large day-night temperature differences, all beneficial to protein synthesis and sugar accumulation.
Tourism Industry
There are many natural sights in Gansu, from the glaciers and limestone caves to the Gobi Desert and canyons. The vast number and variety of ethnicities provides rich culture, there is lots of great food, entertainment and shopping to be had!
Energy
There has also been great investment in Solar Enery and Wind Energy. The wind farms in Yumen and Anxi are the largest in China.
Labour
The province has minimum wage rates under four different categories, ranging from Type-I area which is 6.50 Yuan per hour to Type-IV are which is 5.20 Yuan per hour.
Contacts
Gansu Investment and Trade Promotion Bureau, www.gsinvest.gov.cn, [English]Other contacts:
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