Daqing has five districts and four rural counties under its jurisdiction. Covering an area of more than 21,000square kilometer, it has a population of 2.42 million Daqing is now the home of more than 1,300 enterprises.

Daqing is China's largest production base of petroleum industry as well as a very important base of petrochemical industry.

Daqing oil field is one of super large oil fields in the world. During the past forty years of development, Daqing oil field has produced crude oil for more than 1.5 billion metric tons. Depending on oil resources, Daqing has developed into a comprehensive petrochemical base with the annual oil-processing capacity of over 14 million metric tons including petrochemical products of more than 10 categories with over 160 kinds.

With the high technologies taking the lead, Daqing gives full support to the development of the six pillar industries.

The ratio of technical personnel to the population in Daqing ranks among the first in the whole country. A batch of scientific research achievements has reached the world's advanced level. The science and technology contribution to the economic development is above the national average level. Daqing New and High-Tech Industrial Development Zone is the unique state-level development zone that relies on the superiority of petroleum and petrochemical industries in China. At present, more than 400 enterprises have been registered in Daqing Development Zone, among which 140 enterprises are Sino-foreign joint venture enterprises. Now, Daqing Development Zone has become the model area for the development of converting Daqing into a high-tech modern city.

Daqing is a city with a strong industrial foundation and a comprehensive economic strength.

By nationwide comparison, Daqing ranked 41st among the cities of China with a regional GDP exceeding 20 billion RMB yuan and ranked first among the 55 cities with the per capita regional GDP exceeding 10,000 RMB yuan. It is one of the 50 cities with the strongest comprehensive economic power in China. In 1998, Daqing's regional GDP reached 61.7 billion RMB yuan and its industrial product value came up to 77.1 billion RMB yuan. The profit and tax that Daqing turned over to the state in 1998 alone were 11.3 billion RMB yuan.

Daqing is a city with abundant natural resources. It is also a big market for investors.

Every year, the fixed assets investment in Daqing reaches more than 15 billion RMB yuan and the producer goods and living materials purchased from outside exceeds 10 billion RMB yuan. Daqing is rich in oil and natural gas resources, The annual oil output of 50 million metric tons will be maintained until the year of 2010. Daqing is also rich in petrochemical raw materials that lead to a bright future for fine and deep processing. Daqing has the reclaimable land for more than 900 thousand hectares, natural lakes for 320 thousands hectares and grassland for 840 thousand hectares. Today, Daqing has become one of the important bases of commodity grain, livestock province and agricultural product in Heilongjiang Province. The city now is being engaged in the development of nuisanceless and green agriculture, animal husbandry and fishery.

The excellent investment environment and preferential policies have absorbed a large number of investors from home and abroad.

From the beginning of 1998, Daqing Municipal Party Committee and Daqing Municipal Government began to implement the strategies of opening up to the outside world and stipulated business initiative preferential policies and reward policies. They committed that the investors are regarded as highly competent, industrious, entrepreneurial and successful persons; The introducers of investment are regarded as meritorious people; the government officials are regarded as public servants; and those who infringe upon the interests of investors are regarded as guilty persons. Through the whole year implementation of these policies in 1998, business initiative has achieved fruitful results. More than 2,800 projects were introduced with a total investment of 6.7 billion RMB yuan. Daqing has established long term stable connection with the companies from such countries and regions as Canada, Germany, Japan, Korea, Malaysia, the Philippines, Singapore, the United States, Hong Kong and Taiwan. A great number of companies have invested in Daqing and established enterprises.