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Guangzhou demographic analysis and economy overview
Guangzhou is the most populous city in the Guangdong
province and the third most populous metropolitan
area in mainland China. Total population of
Guangzhou has been increasing from 7.1 million in
201 to 7.7 million in 2007- reflecting an 8.5%
growth in population during the period of six years.
The growth has put rising pressure on the city’s
resources, environment, social and economic
development. In the 2020 City Development Strategy,
Guangzhou has planned to lower the population
density and enhanced the living environment in the
old city centre.
Below is the chart of Guangzhou total population and trends from year 2001 - 2011:
Guangzhou nominal GDP has grown by 2.6 times from
268.6 RMB billion in 2001 to 710.9 RMB billion in
2007, ranking number three of the major cities in
China. Communications, automotive, petrochemical and
electronics manufacturing are the pillars industries
of Guangzhou. In addition, the development of
high-tech industries is accelerating. The nominal
GDP is expected to continue its upward trend as
Guangzhou has accumulated sufficient resources and
development experiences to tide over the current
economic crisis. Furthermore, the upcoming 16th
Asian Games in 2010 provide Guangzhou with growth
opportunities.
Below is the chart of nominal GDP and trends of Guangzhou city from year 2001 - 2011:
Similarly,
Guangzhou’s nominal GDP per capita has experienced a 2.4 times increase from
37, 690 RMB in 2001 to 91, 912 RMB in 2007. The GDP per capita would perhaps
not continue to increase at a faster rate as the city has decided to hold
growth to 12 percent as it shifts its focus from GDP expansion to achieving
sustainable development. By doing so, Guangzhou hopes to achieve a balance
between economic development and environmental protection.
Below is the chart of Guangzhou nominal GDP per capita and trends from year 2001 - 2011:
The government
finance revenue of Guangzhou has doubled from 25 RMB billion in 2001 to 52
RMB billion in 2007. Due to rapid economic growth and improved working
efficiency, local tax revenue concerning foreigners has increased rapidly as
well, amounting to 10.6 RMB billion, up by 24.8% relative to 2006. Other
sources include business tax revenue; urban real estate tax revenue and land
value-added tax revenue which have also contribute to the uprising trend in
government finance revenue.
Below is the chart of Guangzhou government finance revenue and trends from year 2001 - 2011:
Guangzhou total
investments in fixed assets have soared from 98 RMB billion in 2001 to 186
RMB billion in 2007, an increase of 89.8% for a period of six years. The
trend is expected to persist as the government has continue to put in great
efforts in developing new high-tech industries such as the construction of
national high-tech bases for such sectors as software, electronics and
information, biomedicines and online gaming and animation. Moreover,
increasing number of enterprises has established their research and
development institutes in Guangzhou. Subsequently, there are also growth
prospects in urban environment construction which includes the expansion
project of Baiyun International Airport, construction of new passenger
station of Guangzhou Railway, highways, expressways etc.
Below is the chart of Guangzhou total investments in fixed assets and trends from year 2001 - 2011:
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