Investing in Qinghai

Located in Northwest China, the province of Qinghai is acknowledged as the main waterways of China. Qinghai province is one of the largest producers of hydroelectric and renewable energy, along with the industrial sector developed in the processing of ferrous and non-ferrous metals. Xining is the capital of Qinghai and the largest city on the Tibetan Plateau. With a population of 5.9 million inhabitants covering a total surface area of 720,000 km2, Qinghai is the fourth largest province of China.

Local authority data shows that Qinghai Province recorded total exports of USD 0.3 billion and total imports of USD 0.2 billion, with 519 established foreign investment companies. In addition to an average urban salary of USD 12,903.

In terms of GDP among the provinces in China, Qinghai ranked 30th, reaching USD 44 billion in 2020 and USD 43 billion in 2019 with a GDP per capita of USD 7,167. Along with GDP growth of +6.3% in 2019 and +1.5% in 2020.

Main Economic Centers (GDP) in Qinghai

• Xining (USD 20 billion)

• Haixi (USD 9 billion)

• Haidong (USD 8 billion)

• Hainan (USD 3 billion)

• Huangnan (USD 2 billion)

Main Sectors in Qinghai

• Raw materials

• Electricity

• New materials

• Foodstuffs

Main Industrial Areas in Qinghai

• Xining Economic and Technological Development Zone

• Golmud Kunlun Economic and Technological Development Zone

• Qinghai High-tech Industrial Development Zone