Investing in Heilongjiang

Located in is the northernmost and easternmost province of the country, Heilongjiang is acknowledged to be rich in natural resources, raw materials, and oil. Besides, the economy of Heilongjiang province relies on mining and agriculture. Harbin is the capital and the largest city of Heilongjiang province. With a population of 32 million inhabitants covering a total surface area of 454,800, Heilongjiang is bordered by Jilin to the south and Inner Mongolia to the west, it shares a border with Russia (Amur Oblast, Jewish Autonomous Oblast, Khabarovsk Krai, Primorsky Krai, and Zabaykalsky Krai) to the north and east.

Local authority data shows that Heilongjiang Province recorded total exports of USD 5 billion and total imports of USD 22 billion, with 5,028 established foreign investment companies. In addition to an average urban salary of USD 9,185.

In terms of GDP among the provinces in China, Heilongjiang ranked 25th, reaching USD 198 billion in 2020 and USD 196 billion in 2019 with a GDP per capita of USD 5,292. Along with GDP growth of +4.2% in 2019 and +1.0% in 2020.

Main Economic Centers (GDP) in Heilongjiang

• Harbin (USD 75 billion)

• Daqing (USD 33 billion)

• Qiqihar (USD 17 billion)

• Suihua (USD 17 billion)

• Mudanjiang (USD 12 billion)

Main Sectors in Heilongjiang

• Chemical

• Raw materials

• Agricultural products

• Industrial machinery

Main Industrial Areas in Heilongjiang

• Heilongjiang Pilot Free Trade Zone

• Harbin Economic and Technological Development Zone

• Harbin Limin Economic and Technological Development Zone

• Binxi Economic and Technological Development Zone

• Daqing Economic and Technological Development Zone

• Mudanjiang Economic and Technological Development Zone

• Suihua Economic and Technological Development Zone

• Harbin High-tech Industrial Development Zone

• Qiqihar High-tech Industrial Development Zone

• Daqing High-tech Industrial Development Zone

• Harbin Comprehensive Bonded Zone

• Heihe Border Economic Cooperation Zone

(Heilongjiang) Pilot Free Trade Zone

Established in 2019 and gateway for the North-East regions and cooperation with Russia, with the purpose to boost the development of the North-East regions and enhance cooperation between China and Russia.

The target industries are high-end equipment, smart manufacturing, new energy and new materials, tourism, financial services, energy resources, food cultivation, healthcare. Besides, the functional areas include the Harbin area (79.9 sq. km), Heihe area (20.0 sq. km), and Suifenhe area (20.0 sq. km).