Jiangsu Business

JIANGSU has China's second largest provincial economy after Guangdong, with its GDP reaching Rmb344.7bn in 2009-a growth of 12.4% on the previous year. This makes its economy similar in size to that of Switzerland and bigger than those of Belgium, Sweden, Saudi Arabia and Norway. With 77.3m inhabitants it is not the most populous province but, being relatively small, it is the most densely populated.

In 2009 Jiangsu's per capita GDP was Rmb44,744, the fourth highest average in China. It is also the province with the highest number of private enterprises, a title it held for the ninth consecutive year in 2010.In 2009 the added-value generated by private enterprises accounted for 39% of the province's GDP and some 38% of Jiangsu's working population is employed in the private sector.

A large proportion of Jiangsu's industrial output is destined for foreign markets. Exports rose 40% year-on-year to US$143. 42bn.Major trading items include electronic and mechanical goods, and new- and high-technology products,

Foreign direct investment rose 13.3% year-on-year to US$216.9bn in the first nine months of 2010, accounting of just under one-fifth of the country's total. During this period, the province approved the establishment of 3,320 FIEs.

Over the last 20 years the cities along the Yangtze in the southern part of the province have prospered but the northern half remained relatively underdeveloped. This started to change in 2009 as companies relocated to lower their costs. Coastal Jiangsu, led by the cities of Lianyungang, Yancheng and Nantong, is an important part of the Yangtze River Delta regional economy.

Sometimes referred to as the “dragon's neck”, Jiangsu has hitched its fortunes to the spectacular rise of Shanghai, the “dragon's head”. As wages have risen in Shanghai, companies have moved into Jiangsu to benefit from lower costs.

江苏是中国仅次于广东的第二经济大省，2009年GDP达3447亿元人民币，同比上一年增长12.4%。其经济规模相当于瑞士，并大于比利时、瑞典、沙特阿拉伯、 挪威等国家。江苏人口达7730万，但其并不是中国人口最多的省份，然而，相对较小的面积，使其成为 中国人口密度最为稠密的省份。2009年，江苏人均GDP达人民币44744元，在中 国平均排名第四。同时，江苏还是拥有最多数量私企的省份，至2010年，其连续九年蝉联全国第一。2009年，由私企产出的产值在江苏省总GDP中占39%，并且大概38%的江苏劳动力受雇于私营企业。

江苏的工业产出很大比例是出口海外市场的。与上年同期数字相比，出口额增长40%，达1434.2亿美元。主要贸易货物 包括电子和机械产品和高新技术产品。

2010年前九个月海外直接投资与上年数字同比增长13.3%达2169亿美元，占接近全国总量的五分之一。在此期间，江苏省批准建立3320家外资企业。在过去的二十年，江苏省南部沿长江城市已经十分繁荣，而北部地区仍 处于相对落后的状态。直到2009年，许多企业为降低成本开始搬迁到苏北才使这种状况开始改变。由连云港，盐城和南通主导的江苏沿海地区，是长江三角洲地区经济的重要组成部分。有时被称作“龙脖子”的江苏的发展前景和迅猛发展的“龙头”上海紧密结合在一起。  

由于上海的企业员工待 遇的提高，很多企业纷纷转至江苏以从低成本中获取更大利益。

In January of 2011, the provincial government agreed to raise the minimum wage by an average of more than 18%. In the Class One cities of Nanjing, Jiangyin and Nantong, the minimum wage was set to rise to Rmb1,140 from 1 February.

2011年1月，江苏省政府同意将最低工资平均提高18%。南京，江阴以及南通这些一级城市的最低工资从2月1号起将提升至每月 1，140人民币。

Good transport connections, which are constantly being improved, mean that investors here are better able to access the heart of the Chinese market than in, say, Guangdong.

江苏有着良好的交通系统，而且还在不断地完善，这也就意味着投资者在这里可以比中国其他发达地区比如广东更方便地进入中国市场的中心地带 。

The province has one of the best expressway networks in the country. All its major cities are connected. Jiangsu Expressway, which manages the Jiangsu section of the Shanghai-Nanjing expressway and other toll highways in the province, increased its operating revenue 8.8% year-on-year to Rmb5.74bn in 2009. The Jinghu expressway crosses the province while the Ningchang expressway links Nanjing with Changzhou. The Suzhou area is extensively networked with expressways, going in all directions. The Yanhai expressway links coastal regions of the province, passing through Nantong, Yancheng, and Lianyungang. With the development of Sutong Bridge and Jiangyin Bridge, the northern part of the province is now linked by road to the southern part.

江苏省全省覆盖着全国最好的高速公路网，紧密连接着它的所有主要城市。江苏高速公路管理局，管理着沪宁高速江苏段和其它的收费公路，营业收入同比去年增加了8.8%，达到了57亿4千万人民币。京沪高速贯穿江苏全境，而宁常高速则连接着南京与常州。苏州市的高速公路系统也相当密集，四通八达。沿海高速则连接着沿海地区 ，贯穿南通，盐城以及连云港。随着苏通大桥和江阴大桥的建成，苏北地区通过这些高速公路网 与苏南地区联系在一起。

Three airports at Xuzhou, Yancheng and Lianyungang serve as hubs in northern Jiangsu. In the south, Nanjing Lukou international airport is the province’s main airport and there are other passenger airports at Changzhou Benniu, Wuxi Shuofang and Nantong. The heavily populated Suzhou area is conveniently connected via express bus services to Shanghai Hongqiao airport.

苏北地区的徐州，盐城以及连云港三地的机场起着交通枢纽的作用。在苏南地区，南京禄口机场是全省的主要机场，加上常州的奔牛机场以及无锡硕放机场。人口密集的苏州地区，则很便捷的通过快速公交直达上海虹桥机场。

Jiangsu planned to invest a provincial record Rmb40bn in railway construction in 2010. A total of 700km of track was due to be built, including dedicated passenger lines between Shanghai and Nantong, Lianyungang and Yancheng, and Zhengzhou and Xuzhou. Express train services between Shanghai and Nanjing started operation in 2010.

江苏计划在2010年前所未有地拿出400亿人民币兴建铁路。规划建成总长700公里的客用轨道，列车往返于上海及南通，连云港，盐城，郑州和徐州之间。沪宁高铁从2010年起开始运营。