Investing in Hebei
Located in Northern China, the Province of Hebei is known for numerous companies active in the production of thermoplastic polymers and chemicals. Shijiazhuang is the capital and the largest city of Hebei province. With a population of 74.6 million inhabitants covering a total surface area of 185,900 km2, Hebei ranks as the sixth most populous province in China.
Local authority data shows that Hebei Province recorded total exports of USD 37 billion and total imports of USD 27 billion, with 8,255 established foreign investment companies. In addition to an average urban salary of USD 10,385.
In terms of GDP among the provinces in China, Hebei ranked 12th, reaching USD 524 billion in 2020 and USD 504 billion in 2019 with a GDP per capita of USD 6.911. Along with GDP growth of +6.8% in 2019 and +3.9% in 2020.
Main Economic Centers (GDP) in Hebei
Tangshan (USD 105 billion)
Shijiazhuang (USD 86 billion)
Cangzhou (USD 54 billion)
Baoding (USD 54 billion)
Handan (USD 48 billion)
Main Sectors in Hebei
IT
Petrochemical
Industrial machinery
Agricultural products
Main Industrial Areas in Hebei
Hebei Pilot Free Trade Zone
Shijiazhuang Economic and Technological Development Zone
Tangshan Economic and Technological Development Zone
Qinhuangdao Economic and Technological Development Zone
Langfang Economic and Technological Development Zone
Shijiazhuang High-tech Industrial Development Zone
Tangshan High-tech Industrial Development Zone
Baoding High-tech Industrial Development Zone
Yanjiao High-tech Industrial Development Zone
Shijiazhuang Comprehensive Bonded Zone
Hebei Qinhuangdao Export Processing Zone
(Hebei) Pilot Free Trade Zone
Established in 2019 with a purpose to establish a major international trade and logistics hub and a modern industrial base for advanced manufacturing.
The target industries are high-tech manufacturing, financial services, logistics, international trade. Besides, the functional areas include the Daxing Airport area (19.9 sq. km), Caofeidian area (33.5 sq. km), Zhengding area (33.3 sq. km), and Xiong’an area (33.2 sq. km).