The latest 2017 edition of the China Business Handbook is designed, as always, to keep readers abreast of business and economic developments in the world’s 2nd-biggest economy. The gap between China’s economy and the next biggest is already huge with China’s US$11.39 trillion GDP being bigger than the world’s 3rd, 4th and 5th biggest economies combined - namely - Japan, Germany and the UK with GDPs of US$4.73, US$3.49 and US$2.65 trillion respectively. The China Business Handbook, packed with the latest available statistics, enables you to track China’s economic performance province by province and company by company to answer such questions as:
- Where is the world’s biggest data centre? Answer: In Hebei province. IBM is building the world’s largest cloud storage data centre in the city of Langfang. The 620,000sqm centre was due for completion at the end of 2016.
- When will China produce a serious competitor to Boeing and Airbus? Answer: China’s new C919 twin-jet is to enter commercial service in the 2nd half of 2017. The C919, China’s domestically developed short-to-medium range commercial twin-jet, was expected to fly for the first time by the end of 2016, with entry into commercial service scheduled for late 2017.
- How many Google adwords centres are there in China? Answer: Nine. Google opened its first Adwords Experience Centre in northern Jiangsu in December 2016 at the Huaishi Makerspace in Huai’an city. Huai’an is only the ninth city in China to host such a Google facility.
- Which is the richest village in China? Answer: Huaxi village in Jiangsu province. Jiangsu Huaxi Group, based in Huaxi, is one of the most prosperous township enterprises in the country. It is the richest village in China and the original 1,500 inhabitants all have a stake in the company.
- Where is China’s largest EV charging station? Answer: In Henan province. China’s largest charging station for electric vehicles (EVs) is located in Zhengzhou. Plans are in place to build 1,160 electric charging stations with 850,000 charging poles by 2020.
- Where is the world’s largest antimony mine? Answer: In Hunan province. Hunan has the world’s largest antimony mine - the Xikuangshan mine in Lengshuijiang city - which leads the world in the production of stibium, or ‘black antimony’, used to produce mascara.
- Where are China’s biggest coal reserves located? Answer: In Inner Mongolia. Inner Mongolia holds the country’s largest coal reserves of 741.4bn tonnes.
- Jiangsu ports handled 2.33bn tonnes of cargo in 2015. The total cargo throughput of all the ports in Jiangsu province combined reached 2.33bn tonnes in 2015, a 3.1% increase year on year, with the biggest port - Suzhou - alone handling 540m tonnes.
- Where is the world’s biggest tungsten mine? Answer: In Zhuxi, Wuning county, Jiangxi province.
- Surge in China rare earth element (REE) exports in 1Q2016. China’s REE exports - the country produces more than 85% of the world’s supply - soared in 2016 with rare earth oxide shipments more than doubling in 1Q16 at 11,956 tonnes.
- Where do most of China’s traditional Chinese medicine (TCM) herbs come from? Answer: Jilin province has over 50% of China’s TCM herb reserves. Jilin is home to more than 1,850 varieties of natural medicinal plants, animals and mineral resources.
- Where is the world’s biggest coal-to-liquid (CTL) plant located? Answer: In Ningdong, Ningxia Hui autonomous region. The world’s biggest CTL facility started operating at Ningdong Energy Chemical Industry Base in Ningxia in December 2016.
- Which is China’s biggest cashmere processing company? Answer: Ningxia Zhongyin Cashmere, China’s largest cashmere de-hairing and combing company, is headquartered in Lingwu city, Ningxia province.
- Which is China’s biggest pharmaceutical joint venture? Answer: Xi’an Janssen in Shaanxi province. The longest-established joint venture in the city is Xi’an Janssen, formed in 1983 by the Belgian subsidiary of US giant Johnson & Johnson.