Data of Natural Resources Industry and Agriculture

Natural Resources

All kinds of natural resources abound in  Hubei  province,  with  all  its  beautiful scenery  and  mountainous  geographical conditions.  138  types  of  minerals  have been found in Hubei, taking up 81% of all discovered minerals nationwide. Among the 138 types of  minerals, the reserves of 89 types have been ascertained,  for instance, the reserves of five  mineral resources including peridotite for fertilizer iodine, garnet, rectorite clay and diabase for construction use rank top nationwide; the reserves of 17 mineral resources such as marlite, phosphorus etc. are No.2 or 3 all around China; also the reserves of 35  resources  such  as  iron,  copper,  gypsum, gold, mercury and manganese rank 4th-10thnationwide.

There are various kinds of animals and plants in this province, with a number of world-rare species and species only can be found in Hubei. The province is also a key base of traditional Chinese medicine, thus called the  “China ’s herb warehouse”. It boasts abundant water resources which is capable of generating31.334 million KW of electricity. The installed capability developed or under development is 27.268 million KW, ranking top nationwide. The Three Gorges Project, presently the largest water-control project in the world, is located in Hubei province, with total installed capability of 18.2 million KW.

Industry

Hubei has a firm foundation and comprehensive supporting strength for such industries as auto manufacturing, metallurgy, machinery, electric power, chemical industry, electric information, textile and building  materials. It is one of China ’s three iron & steel bases, with the largest manufacturing capability for medium, thick and thin plates as well as special steel. It is the second largest auto manufacturing base and the largest manufacturing base for medium lorry, heavy-duty machine tools and packing machinery, also for such chemical products as hydroelectricity, alkali, pesticide, . phosphorus, salt & chemical and fi ber paste. Also Hubei is one of China ’s photoelectron  information industrial bases, modernized  manufacturing base for traditional Chinese medicine and a key textile base.

Fix Assets Investment

In 2005, RMB 283.475 billion Yuan has been invested in fi x assets in the whole province, among which investment in real estate development is RMB 47.795 billion Yuan. If classified  based on economic types, state-owned  investment is RMB 109.571 billion Yuan; collective investment is RMB 7.947 billion Yuan; urban and rural individual investments total RMB 55.427 billion Yuan; other economic investment is RMB 110.53 billion Yuan. According to industry types, the three types of industries have  invested  respectively  RMB  9.288 billion Yuan, RMB 108.805 billion Yuan and RMB 165.382 billion Yuan.

RMB  49.5  billion  Yuan  has  been invested in the 64 key construction projects. Newly added production capabilities include: hot-rolled steel of 500 thousand tons per year, raw coal exploitation of 1.1978 million tons per year, electric-power capacity of 2.76 million KW, steel-making of 3.36 million tons per year, and also newly built highway of 296.14 kilometers, program-controlled exchange of 34.3 thousand per year.

Agriculture

Known as the “land of fish and rice”, Hubei is one of the key production bases for commodity grain, cotton and oil and the largest production base for fresh water products. The outputs of rapeseed and freshwater fish rank No.1 nationwide, cotton and rice also on the top level, and there is great potential for the production and processing of agricultural and sideline products.

In  2005,  grain-planting  area  was 3.9268  million  hectares;  cotton  planting area  390.3  thousand  hectares,;  and  oil plants area 1.4506 million hectares. Total grain output was 21.7738 million tons; total cotton  output  375.0  thousand  tons;  and oil plant output 2.9390 million tons (see the following table for outputs of major agricultural products).

Total  forestation  area  was  186.4 thousand  hectares  in  Hubei.  Timbers harevested was 1.36 million cubic metres

Stock raising and fishery have kept growing steadily, with total meat output  of 3.4263 million tons and water products of 3.182 million tons, a record-breaking output.

Power consumption in the countryside was  6.845  billion  kwh.  And  fertilizer consumption was 2.8363 million tons.

Advantageous Industries

As one of the cradles of China ’s modern industry, Hubei is also one of the key industrial bases in China. It has built a characteristic industrial system with its advantages  in  resources  all  through  the years, featuring electronic information, auto manufacturing,  iron  &  steel,  and  textile manufacturing.

“China Optical Valley, Wuhan” has been rapidly developed into China ’s largest photoelectron information center through development of photoelectron information technologies and optimization of industries, talents and resources. In the past 10 years, the “China Optical Valley” has been growing steadly, which has attracted concern of people.

  The gross output of machinery and auto industries of Hubei province has reached RMB  140.7  billion  in  2005,  with  added value  of  RMB  40  billion,  sales  income of RMB 145 billion, gross profit and tax turnover RMB 12.6 billion. The total profi ts reach RMB 5.66 billion and the export value is RMB 2.69 billion.

By the end of 2005, the manufacturing capability  of  complete  cars  reach  800 thousand,  with  the  characteristics  of “car,  heavy,  medium,  lighvehicles” developing simultaneously, with t  and  special vehicles” developing simultaneously, with a complete set of “high, medium and low  level”  vehicles.  Stimulated  by  the  rapid development  of  complete  cars,  the  parts and  components  section  has  expanded gradually, with over 700 such enterprises  (among which 310 are large and medium-sized), providing a supporting capability  for 600 thousand vehicles. Hubei province has  a  nnmber  of  large-scale  enterprises of auto omponents and parts, which gras58 kinds of volnme production of 60 key  components and parts maily supported by the  state.  These  enterprises  are  famous and  play  an  important  role  in  China. For  example,  CAAS  that on  the  basis  of  Henglong  Jingzhou  and  three  other  enterprises  through  reversed takeover  and  become  the  first  Chinese enterprise  to  be  listed  on  NASDAQ  in  the United States, the listing of Dongfeng  auto shares in China ’s mainland, as well as the listing of Dongfeng Group in Hong Kong.

In  2005,  there  are  433  large  and medium-sized  auto  enterprises  in  Hube province, including 9 for complete vehicles, 63 for vehicles refitting (3 of which also possess  complete  vehicles),  and  361  for auto components and parts. The total assets are RMB 134.5 billion, with gross industrial output of RMB 79.92 billion, sales income of RMB 95.05 billion, and profi ts payment and  tax  turnover  RMB  8.825  billion, and  profits  of  RMB  3.548billion.  389.4  thousand automobiles are manufactured, among  which  there  are  141.7  thousand  cars.  By  the  end  of  2005,  there  are  193 joint ventures in the auto industry in Hubei, with total investment of US$ 6,365.7732 million and contracted foreign investment of 1,722.215 million US$.

By the end of 2005, the textile industry of Hubei province has a capacity of 7 million ingots and 70 thousand looms. Large and medium-sized enterprises have  the manufacturing capacity of 880 thousand tons of  yarn,  2.1  billion  meters  of  cloth and 200 million pieces of garments, with total industrial value of RMB 44 billion, sales  income  RMB  40  billion  and  profit payment  and  tax  turnover  RMB  1.9 billion.  There  are  73  state-owned  and state-holding textile enterprises; large and medium-sized private enterprises take up 90%, while state-owned and state-holding enterprises take up 37.8% of total assets,Drivate economy plays a “leading role” in Hubei textile industry.

Sevrice Industry

 Ever since the reform and opening up, the service industry of Hubei has entered into  a  period  of  all-around,  rapid  and sustainable development. The workforce of the primary industry and the secondary industry  is  basically  steady.  More  than  3  million  people  enter  into  the  service industry for the fi rst time, 300 thousand per year. The service industry become a majoy channel of employment.