Last Updated: December 22, 2022
Manufacturing in China provides limitless opportunities for international companies looking to outsource production. Understanding what city offers the expertise you need will help you find the perfect supplier with experience in your specific field of production.
China 2 West has sales and support offices around the world and multiple quality control and engineering locations within China, predominantly positioned close to manufacturing hubs. We’d like to introduce our City Guide series, taking an in-deep look at the Chinese cities we’re operating in and showing the city’s specializations of production. Let’s dive in.
Overview
Jinhua City is a prefecture-level city in central Zhejiang province in eastern China. It borders the provincial capital of Hangzhou to the northwest, Lishui to the south, and Taizhou to the east.
Jinhua is a place where Venus and a star in Aquarius compete for splendor. Its history extends to 222 BC, when, during the Qin Dynasty, it was set up as a county under the jurisdiction of Shaoxing. It was named Jinhua during the Sui Dynasty in 598 and later it became a prefecture. Wu Opera, the local opera in Jinhua, has a history of over 400 years. It is well known in China for its simplicity and naturalness and its special vocal music.
Today, the city covers an area of almost 10,94 square kilometers and has a population of 7.12 million inhabitants, becoming the fourth biggest city in Zhejiang Province.
The largest portion of Jinhua is Yiwu, which takes up nearly 2/3rds of the population. It’s home to 1.89 million people and is known as the World’s Capital of Small Commodities. Buyers from all over come here seeking a large variety of products to boost their business.
Economic Profile
Jinhua’s pillar industries are transportation equipment manufacturing, arts and crafts, electrical machine manufacturing, metal products, chemicals, and textiles. Other specializations available are automobiles and auto parts, information technology, food processing, and bio-pharmaceuticals.
In 2021, the city’s total fiscal revenue was 80.01 billion yuan, up by 17.5% over the previous year. Its GDP accounted for 535.54 billion yuan, up by 9.8 percent. And the per capita GDP was 75,524 yuan (equivalent to US$11,706 at the annual exchange rate).
According to the statistics released by Jinhua Customs, Jinhua’s total value of foreign trade reached 588 billion yuan ($92.8 billion), an increase of 20.81% compared with the previous year in 2021. The export value was 532.63 billion yuan, up 15.5 percent year-on-year, ranking second in the province for four consecutive years. The import value reached 55.37 billion yuan, a year-on-year increase of 116.9 percent.
The export value of mechanical and electrical products reached 230.01 billion yuan in 2021, a year-on-year increase of 16.3 percent and accounting for 43.2 percent of the city’s total export value.
Development Zones
To date, Jinhua is home to 2 national-level economic development zones, including Jinhua ETDZ and Yiwu ETD.
Jinhua Economic and Technological Development Zone (JETDZ) is one of the 22 national-level economic development zones in Zhejiang Province. The development zone is 188 kilometers from Hangzhou, covering an area of 261.8 square kilometers, with a population of more than 500,000.
About Us
Finding a proper contract manufacturing company to ensure your product quality can help you avoid lots of trouble. If you are considering outsourcing your project to China, look no further than China 2 West. We have developed to be a famous one-stop-shop manufacturing consultancy from product sourcing and manufacturing to QC inspection and distribution in the Greater Bay Area in Southern China. If you want to know more about how we can help your project, don’t hesitate to contact us today.