Hebei's Industries
1.
Agriculture
2. Industry
Hubei has developed into an important industrial production
base in central China with major industries including automobiles,
steel, textiles, food & beverage, electronics, shipbuilding,
and chemical raw materials and
Automobile
Hubei is one of the major automobile production centers in China.
In 2006, the output of automobiles rose by 36.3% year-on-year
to 541,700 units. This figure includes 240,500 sedans and 192,100
trucks, up 69.8% and 0.7% year-on-year respectively, accounting
for 7.4% of the country’s total automobile output. The concentration
of the automobile industry in Hubei has also resulted in the
rapid growth of the auto accessories industry. There are a total
of 431 auto parts manufacturers located in this province, and
sales revenue of this industry has risen 25.2% to RMB27 billion.
Dongfeng Motor Corporation, which was launched in 1969, is one
of the Big Three Auto Groups in China. Its subsidiaries in Hubei
include Dongfeng Peugeot Citroen Automobile, a joint venture
with the French car maker, Peugeot, and Dongfeng Honda Automobile
Co. Ltd, a joint venture with the Japanese car giant, Honda.
Steel & Iron
Since the launch of China’s first iron plant (Hanyang Iron Plant)
in Wuhan in 1891, Hubei has developed into a comprehensive iron
and steel production base in China. In 2006, Hubei produced
16.58 million tons of crude steel, 15.79 million tons of pig
iron and 16.9 million tons of steel products, accounting for
4%, 3.9% and 3.6% of the nation’s total respectively. A key
player in this industry is Wuhan Iron and Steel Group. It has
an annual production capacity of 20 million tons, and is ranked
the third largest iron and steel consortium in China after nearly
50 years of development. By the end of 2006, its steel output
amounted to 177 million tons.
Steel products, totaling US$790 million in 2006, is a key export
of Hubei, accounting for 11% of the province’s total export
value within the same year. The exports of Wuhan Steel &
Iron Group and Hubei Xinyegang Co. Ltd, the two major players
in the province, contributed 59.6% and 10.9% to Hubei’s total
export value respectively.
3.
Services
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