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A Primer on the Region

A Primer on the Region. Jay D. Gatrell John Conant. Geographical Context & Weather Local Economy Finally…. Geography. Liaoning province is located in Northeast China and is home to over 42,000,000 residents Major Cities Shenyang (over 7 million residents)

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A Primer on the Region

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  1. A Primer on the Region Jay D. Gatrell John Conant

  2. Geographical Context & Weather • Local Economy • Finally….

  3. Geography • Liaoning province is located in Northeast China and is home to over 42,000,000 residents • Major Cities • Shenyang (over 7 million residents) • Dalian (over 5.6 million residents) • The port at Dalian has increasingly been recognized as the primary gateway to Northeast China • Anshan (over 3.5 million residents)

  4. Geography • Locational advantages relative to Dalian’s Port… • Koreas & Japan • Access to NE and Central China Dalian Port Train toBeijing

  5. Weather • Dalian • Highs Mid to Upper 40s • Lows Upper 20s-Lower 30s • Beijing—Slightly Colder than Dalian • Highs Upper 30s-Upper 40s • Lows Mid to upper 20s-Lower 30s

  6. Economy • The province is China’s 8th largest economy in GDP and ranked 8th per capita (2003) • Over 32,000 firms • 1587 large to medium firms • 85% privately held • 5.3% of firms include FDI • Shenyang ranked 11th nationwide on a city survey of overall economic competitiveness (2005) • Liaoning Province is China’s largest and most significant heavy manufacturing base. The region’s industry is dominated by machine tools, metals, chemicals/petrochemicals, electricity, and refining. Additionally, the province has a growing electronics industry • Specialized metals produced for engines and advanced machine tools

  7. Economy • Agriculture • Provincial agriculture is known for specialty fruits including apples and peaches—as well as soybeans, cotton, silk and maize • $550 million USD earmarked by provincial government to expand agricultural infrastructure • Anticipates importing 1000 variety of crops to supplement the local market in 2005 • Potential for Indiana exports Traditional Farming in Liaoning

  8. Economy • Liaoning home to over 120 automotive firms associated light trucks and large/medium passenger vehicles • Strategic investments and collaboration with GM, BMW, Mitsubishi, & Toyota • Shenyang’s JinBei Motor Company is a affiliated firm of China’s largest automotive firm, Chengchun BMW Brillance-JinBei Operations in Shenyang

  9. Economy • Industrial Clusters by Major City • Shengyeng: Machinery, Chemicals, Pharmaceuticals, Automotive, & Metals • Dalian: IT, Automotive, Electronics, & Biotechnology • Anshan: Steel, Petrochemicals, and Advanced Materials Dalian’s Zhongshen Square

  10. Economy • Robust Economic Indicators • Large market with higher levels of GDP and GDP per capita compared to special economic zones in the south--Guangxi, Fujian, Hainan • Economy continues to expand • Eagerness to work with foreign firms and unmet demand for FDI relative to more developed regions • A key issue as FDI growth across China reached a plateau in early 2005 • Potential for more aggressive economic development packaging • Fewer potential suitors

  11. Economy • Extractive Industries • Coal • Iron ore • Salt Integrated Mining & Processing facility near Anshan

  12. Finally… • Liaoning is relevant • Dalian is “China’s Flat City” (Friedman 2005) • Region a major outsourcing venue for Japan • Capacity for growth in Beijing & Shanghai inherently limited and infrastructure in province can meet demand • Major foreign firms (including GE, Dell, Sony, SAP, & HP) have already began to redirect investment to cities such as Dalian & Shenyang

  13. Sources • CIA. 2005. World Factbook. http://www.cia.gov • Friedman, T. 2005. The World is Flat. A Breif History of the 21st Century. New York:Farrar, Straus and Giroux. • Indiana Economic Development Corporation. Industry specific initiatives. http://www.in.gov/iedc/initiatives/ • Indiana State University, Office of Public Affairs. Various dates. LNNU Partneship Press Releases. • Ministry of Science and Technology, People’s Republic of China. 2005. • National Bureau of Statistics, People’s Republic of China. 2003. Liaoning Economic Data. • Northeast Network, http://english.nen.com.cn • US-China Business Council. 2004. 2004 China Briefing. http://www.uschina.org • U.S. Department of Commerce, China Business Information Center. 2005. • Wang, C. 2006. Beijing is coming apart at the seams. Dalian News. January, 6. http://Daliannews.com • Wu, C. 2003. 2003. China, Peoples Republic of Market Development Reports China Logistics Profile. A report prepared for the U.S. Department of Agriculture.

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