Business environment

Overview of Gansu province

Northwest China's Gansu province, often abbreviated as Gan or Long, is one of the cradles of Chinese culture. The province is rich in mineral resources and 145 minerals have been discovered there. It also boasts 94 types of reserves, including nickel, cobalt, platinum, selenium, gold and iridium, and has large deposits of petroleum, natural gas, chromite and zinc. In 2018, the province’s GDP rose by 6.3 percent year-on-year to 824.61 billion yuan ($120.13 billion).

Location

Gansu province enjoys a unique geographical location and great infrastructure advantages. It links the eastern and central regions with West China. The New Eurasian Continental Bridge, which connects the Asia-Pacific region and Eurasian countries, goes through the whole province, making Gansu the only province in West China to enjoy such a desirable position.

Industry

The province has a solid industrial foundation and is considered a major chemical, energy and raw materials base and a core area for industries in China’s western areas.

Science and Technology

Gansu has also taken the lead in science and technology among provinces in West China. The province has been sharpening its competitiveness in innovation and improving the environment for science and technology development, allowing innovation to play a bigger role in upgrading the province's industrial structure.

Platform and Base

In recent years, Gansu has built a group of industrial parks and pilot demonstration areas ranging from State-level to provincial level. They serve as platforms for the development of high-tech industries. It is also carrying out a high-end overseas talent recruitment program to attract more high-quality human resources.

It has 33 colleges and universities, more than 1,500 research institutions and several key national laboratories. With such strong research and development advantages, the province leads in a variety of fields, including space technology, biological products, electronic information and desertification control.

Policy

To seize the historical opportunities of China's implementation of the West Development Strategy, Gansu has formulated a series of preferential policies to attract capital, technologies and talented people from both home and abroad to improve its social and economic development. These policies cover taxation, finance, credit, land-use and mineral resource exploitation.