City of Vibrant Private Economy

Yingkou is characterized by its distinct four seasons, mild climate, fertile soil, wide water and forest areas and abundance in rice, fruit and aquatic products. With the biggest fruit production base, Yingkou is called the “Land of Fruit”. The city has major reserves of magnesium and also called the “Magnesium Capital of China”. Yingkou is also the city with the most vibrant private economy development in northeast China.

Yingkou has a population of 2.35 million on a total area of 4,970 square kilometers. The prefecture of Yingkou covers four districts and two cities, which are Zhanqian District, Xishi District, Laobian District, District of Spanish Mackerel Ring, Dashiqiao City and Gaizhou City.

Geography and Resources

Yingkou is located on the northeast coast of Liaodong Peninsula of Bohai Sea and is a coastal open city. The Daliao River, one of the eight water systems in China, influxes into the Bohai Sea from here. Yingkou is 179 kilometers from Shenyang and borders to Dalian prefecture with a distance of 220 kilometers between the two cities.

Yingkou abounds in mineral resources. There are 32 types of mineral products in the city. Magnetite is one of the four magnesium ores in the world. The reserves of talc, boron ore, potassium feldspar, albite, silica and gold ores all rank top in the country.

Yingkou also grows high quality rice with an annual production of 400,000 tons. In the Qing Dynasty, Yingkou Rice was a tribute to the imperial palace.

Yingkou is a fruit production base of 400,000 tons annually and a source of 200,000 tons of fresh water and sea products in 80 varieties. The quality of Liaonan Apple ranks No. 1 in the world. Yingkou prawns and Chinese mitten crab enjoy both domestic and worldwide fame. The city has broken several domestic and world records of China World Records Association.

Economic Development

Yingkou has developed a modern industry early, and is today one of China’s light industry and textile industry centers. The city has over 40 industries and more than 3,000 enterprises providing over 700 types of products, of which more than 300 were classified as high quality products by the province and relevant ministries and commissions. The light industry, textiles, machinery, metallurgy, home appliance, electronics, building materials, musical instrument, silk spinning, petrochemical, dyeing as well as pharmaceutical industries are considered backbone industries for the economic development of the city. About one hundred enterprises have been quality certified according to ISO 9000. The production of knitted articles, cotton textile, Kapron and 66 filaments ranks top in the country. Several brands of Yingkou are well known both domestically and internationally.

Yingkou is currently positioning itself to become an key port and advanced manufacturing city. It is the only region on prefectural level in China ever covered simultaneously by two national development strategies: the Shenyang Metro and the Liaoning Belt strategies. Efforts will focus on developing industry clusters, including iron and steel, petrochemical, equipment manufacturing, new magnesium materials, textiles, new and hi-technology, modern logistics and trade and service industries.

In 2009, the GDP of Yingkou was 80.70 billion RMB (11.53 billion USD), with a primary sector of 6.75 billion RMB (970 million USD), secondary sector of 45.43 billion RMB (6.49 billion USD), and tertiary sector of 28.51 billion RMB (4.73 billion USD). Fixed assets investment was 76.26 billion RMB (10.89 billion USD). The average salary was 26,388 RMB (3,770 USD), per-capita disposable income 15,858 RMB (2,265 USD), annual consumption per capita 11,301 RMB (1,614 USD). Yingkou had 1.36 million employees, 50.7 percent in the service sector, and 18.6 percent employed by private enterprises.

Industrial Pattern

Yingkou belongs both to the Shenyang Metropolitan Economic Area and to the Liaoning Coastal Economic Belt, and is facing extraordinary development opportunities. The city intends to grasp these opportunities and has worked out the Yingkou City Strategic Development Plan. Yingkou will develop northern and southern parts of the city, with Laocheng, Laobian, Dashiqiao, and Zhongyejingcheng in the north, Haishang Xincheng, Gaizhou Laocheng, Bayuquan, and Xianren Island in the south. According to this plan, Yingkou will be the regional center of the two national development regions. The prefecture is expected to grow to a population of 2.5 million by 2015, with 1.4 million in the city.

Transportation development plans aim at creating convenient communication to support a sustainable business development. They rely on development of Yingkou Port and the promotion of city clusters, and the construction of highways to other cities. Yingkou wants to become the second biggest international shipping center and the biggest logistics center of northeast China.

In the new development strategy, Yingkou will focus on eight industrial clusters, which are steel, petrochemical, equipment manufacturing, new magnetite materials, textiles, high-tech, modern logistics, and commerce and service. The plan also emphasizes the mix of city environment and ecological environment, to reserve space for green coverage, trying to avoid an over-expansion of urban areas. This will improve the environment and makes Yingkou a comfortable city to work and live in.

Foreign Trade

As the world economy is becoming increasingly globalized and the regional economy is more integrated, Yingkou is trying to diversify its export markets. While fostering existing markets, it plans to expand to Latin American and African customers. Yingkou has established trade relations with more than 130 countries in the world. Currently, there are 30 enterprises with earnings in foreign currency of more than 10 million USD.

Enterprises from 48 countries have invested in Yingkou, mainly from Hong Kong, Japan, South Korea and Taiwan. Of all the investment, 501 million USD are from Hong Kong, 270 million USD from Japan, 251 million USD from South Korea and 173 million USD from Taiwan. Investment from these four countries and regions accounts for 62 percent of the total. In 2008, FDI has more than doubled, and reached 504.91 million in 2009. Total volume of foreign trade was 1.673 billion USD in 2009, with 1.2 billion USD from export and 0.473 billion USD from import.

Living in Yingkou

Yingkou is a coastal city with a long history. Located between the mountains and the sea, scenery and climate make it a comfortable place for people to live in. Public transportation is based on taxies and many bus lines. A long-distance bus station and a railway station connect Yingkou to the rest of the country. Yingkou Port has ferries to Dalian, Jinzhou and Tianjin.

Famous star hotels in Yingkou include the Wandu Hotel, International Hotel, Hotel of International Trade, and the Riverside Hotel. The three most popular supermarkets are Darunfa Supermarket, Xinghong Supermarket, and New-mart.

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