Hebei

TL;DR

5.4% GDP growth (2024); Beijing-Tianjin-Hebei 11.5T yuan total; 84B yuan tech transfer from Beijing; steel cut from 320M to <200M tonnes; Xiong'an integration.

region in China

Hebei recorded 5.4% GDP growth in 2024, contributing to the Beijing-Tianjin-Hebei region's 11.5 trillion yuan total—outpacing national average for the first time in a decade. The 2014 coordinated development strategy now enters its second decade. Beijing transferred 84.37 billion yuan in technology to Tianjin and Hebei in 2024. Fourteen joint innovation platforms strengthen collaboration. Hebei's GDP reached ~4.39 trillion yuan in 2023 (12th nationally). Steel production dropped from peak 320 million tonnes to under 200 million tonnes through capacity adjustments. The Xiong'an New Area integrates the three municipalities, absorbing Beijing's non-capital functions. PM2.5 concentration dropped 60%+ since 2013, reflecting environmental progress. The province remains China's steel heartland but faces continued 'crude steel production control' in 2025, entering stock optimization and volume reduction phase.