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Hefei demographic analysis and economy overview
Hefei’s (capital city of Anhui Province) total
population is on a rising trend. In 2001, the total
population is 4.4 million. Throughout the years, the
population has grown by 9.1% to 4.8 million in 2007.
Among which, non-agricultural population consists of
approximately 2 million people, and agricultural
population 2.8 million, while in the urban area, the
population was 2 million, including a
non-agricultural population of 1.6 million. The
birth rate and death rate stood at 11.2 % and 2.0 %
respectively, leaving a natural growth rate at 9.2%.
Thus, the rising trend is expected to carry on.
Below is the chart of Hefei total population and trends from year 2001 - 2011:
Tapping on abundant land and natural resources, low
labor costs, together with having an edge in science
and education, nominal GDP of Hefei has surged by
3.7 times from 36.3 RMB billion in 2001 to 133.5 RB
billion in 2007. In 2007, primary industries
contribute to 6.0% of the total GDP; secondary
industries 48.8% and tertiary industries 45.2%.
Thus, it is evident that both secondary and tertiary
industries play crucial roles in the rapid
advancement of Hefei’s economy. Hefei’s eight pillar
industries include: auto-making, equipment
manufacturing, house-hold appliances, chemical
industries, Information Technology, new materials,
biotechnology, food and agricultural products.
Below is the chart of nominal GDP and trends of Hefei city from year 2001 - 2011:
Hefei’s nominal
GDP per capita has been rising from 8, 220 RMB in 2001 to 27, 868 RMB in
2007- a threefold jump over a period of six years. Statistics has also shown
that lives of both urban and rural residents in Hefei have improved. In
2007, the disposable income per capita was 13,000 RMB, with an increase of
21.9% relative to the previous year.
Below is the chart of Hefei nominal GDP per capita and trends from year 2001 - 2011:
Since the
opening-up and reform of the city, Hefei has entered a fast track for both
its economic and social development. Government finance revenue of Hefei has
grown by 5.7 times from 3 RMB billion in 2001 to 17 RMB billion in 2007. The
largest growth occurred in 2007 with a 113% abrupt increase relative to the
previous year
Below is the chart of Hefei government finance revenue and trends from year 2001 - 2011:
In 2006, Hefei
was named “Top 50 Investment Environment City” out of 286 cities. In 2007,
Hefei was ranked seventh out of 286 cities by Forbes being the “Low Cost
Cities in China for Business”. Thus, it is not a surprise that the total
investments in fixed assets of Hefei has soared by 11 times from 12 RMB
billion in 2001 to 131 RMB billion in 2007. Numerous policies have been put
in place for speeding up the development of new industries. Constant
promotion efforts by the government to lure investors to Hefei have been
successful. The investments in fixed assets would continue to expand as
Hefei targets to upgrade itself to a city with the highest level of work
efficiency among the central regions of China.
Below is the chart of Hefei total investments in fixed assets and trends from year 2001 - 2011:
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