III. Economy

GDP: 317.611 billion yuan (2008)

Average GDP per capita: 12,110 yuan (2008)

GDP ratio (1st, 2nd and tertiary industries): 14.6:46.3:39.1 (2008)

Poverty alleviation plan:

Since early 1990s, 3.5 billion yuan have been allocated to poverty-stricken areas to help more than 1 million people rid poverty.

Foreign trade:

Gansu Province has established extensive contacts with foreign countries. Seventy-one cities and counties (districts) in the province have formed friendly ties with 13 cities in Japan, the United States, New Zealand, Turkmenistan, Australia, Kazakhstan, Hungary, and Russia. Gansu exports mainly textiles, chemicals, minerals, and non-ferrous metals. In 1998, the total value of import and export reached US$556.31 million, of which US$384.9 million was from export and US$171.41, from import.

Foreign investment:

Gansu has established ties with the World Bank, the UN Food and Agriculture Organization, the World Food Program, and the European Economic Community. With loans and other forms of aid from these institutions, the province has built water conservation works and harnessed river systems on a small scale, and set up medical and educational projects. In 1998, the value of import and export commodities by foreign-funded enterprises was US$62.6 million, of which US$35.14 million was export and US$27.46 million, import.

Pillar industries:

Pillar industries of Gansu include non-ferrous metals, electricity power, petrochemicals, oil exploration machinery, and building materials.