Hebei

Hebei, is so named because it is located to the north of the lower reaches of the Yellow River, and is called “Ji” for short because some parts of it were under the control of Ji Zhou in ancient times. Its provincial capital is Shijiazhuang. 

I. Development Overview of the Social Economy in Hebei Province
１．Hebei is a large agricultural province in China. During rapid development of traditional agriculture into modern agriculture in Hebei, the green economy and regional differentiated economy rigorously developed.
２．The industrial production grows rapidly with speed and benefit being improved simultaneously. The industrial economy in Hebei presents a development trend with rapidly growing volume, clearly improving benefits, good combination of production and sales and continuously improving structure. 
１．The markets are developing steadily and healthily, and the consumer goods markets are continuously improved. The best sellers markets such as communication equipment, e-journals and audio & video products, etc. maintain a rapid growth.   

II. Development Overview of the SMEs in Hebei Province: Since Chinese reform and opening-up, the career starting environment in Hebei has been continuously optimized, and people are passionate to start their careers, resulting in a rapidly developing private economy. This plays an increasingly important role in supporting our national economy. By 2006, the private economic entities in Hebei realized an increase of RMB585,710,000,000, accounting for 50.4% of the GPD in Hebei, and paid taxes totaling RMB56,870,000,000, making up 46.5% of the total fiscal revenues of Hebei. The private economy has become an important part of the whole economy in Hebei.