Economy

( chinadaily.com.cn )

Updated: 2013-05-31

Sanmenxia’s GDP for 2011 was 106.29 billion yuan, and 47,664 yuan per capita, putting it in second place in Henan province and at the top of the list for central Chinese cities.

Its industrial strength lies in hi-tech, high added-value products such as mechanical, electronics, aluminum alloy, and car parts. The output of these products is increasing annually.

Some local companies, such as Lakeside Juice (Hubin Juice) and Tianyuan Aluminum, have been listed abroad, while the Yima Mining Group is listed on the A share market and more listed companies keep emerging. The Jinqu Group is also licensed for gold mining in Cambodia, and the Yima Mining Group and Lingbao Gold Co have expanded to western China, as part of a ‘Walking Out’ strategy.

In recent years, the city has tried to apply a developmental strategy of combining high-tech and traditional industries, independent innovation with production, and teaching and research. It will develop a creative industry area for both emerging and leading industries, and a new industrial system, while improving management, to keep up with the times and contribute to Sanmenxia’s development.