Guide
Business environment
Updated: Aug 2, 2019
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Overview of Ningxia Hui autonomous region
Ningxia Hui autonomous region is located in Northwest China and is the only provincial level Hui autonomous region in the country. The area has an average altitude of 1,100 meters and a land area of 66,400 square kilometers.
Ningxia’s economy maintained a rapid pace of growth in 2018. Its GDP amounted to 370.52 billion yuan ($53.9 billion), up 7 percent over the previous year. Revenue in local governments’ general public budgets totaled 44.45 billion yuan, an increase of 8.2 percent.
Advantages
Ningxia is a good place for trade and commerce because of its unique role in China’s opening-up policy. The region used to be an important station along the ancient Silk Road and is designated by the central government as a promising opening-up pilot economic zone in inland China.
Ningxia has hosted three sessions of the China-Arab States Economic and Trade Forum and two sessions of the China-Arab States Expo, attracting tens of thousands of guests from home and abroad for win-win business opportunities and cooperation.
Ningxia has 31 development zones and industrial parks of different types, among which five are at the national level. Several China-Arab States parks have also been built, including industrial, cultural and science parks, which will serve as good platforms for industrial development.
Ningxia has set up a four-layered administrative service system covering provincial, city, county and township governments, and removed 63 percent of items previously requiring administrative approval. It is also improving management based on a list of powers and responsibilities for government departments. All these have led to more efficient government administration.
The central government supports Ningxia in building the Hub Project of the Online Silk Road. Yinchuan is launching pilot programs on e-commerce and cross-border e-commerce. A number of e-commerce platforms, including Ningxia Silk Road ePath Company, have been put into operation. The e-commerce industry with overseas online shopping and selling is thriving.
