Yinchuan demographic analysis and economy overview
Total population of Yinchuan (capital of Ningxia Hui
Autonomous Region) has grown from 1 million in 2001
to 1.6 million in 2011, reflecting a 56% growth over
the years. Approximately 25 diverse ethnic groups
live in the city including Hui, Han, Mongol, Manchu
and Chaoxian, and the Hui make up of 23.7% of the total
Below is the chart of Yinchuan total population and trends from year 2001 - 2011:
Yinchuan’s nominal GDP has jumped by 9.4 times from
10.5 RMB billion in 2001 to 98.7 RMB billion in
2011. Yinchuan’s main industries include: Muslim
food, healthcare products and Muslim folk articles.
However, the government is diversifying to other
industries such as petrochemicals, pharmaceuticals,
building materials, machinery and electronics. There
is tremendous potential for future economic growth
as the prospects for the new industries would draw
large numbers of investors into Yinchuan, driving
the development of Yinchuan in the next period.
Below is the chart of nominal GDP and trends of Yinchuan city from year 2001 - 2011:
Nominal GDP per
capita of Yinchuan has increased by 6 times from 10,080 RMB in 2001 to
60,820 RMB in 2011. In 2012, the disposable income per capita of urban
residents is 21,901 RMB while the net income per capita of rural residents
is 8,068 RMB, increased by 12.4% and 14.1% respectively relative to previous
Below is the chart of Yinchuan nominal GDP per capita and trends from year 2001 - 2011:
government finance revenue increased by 8.3 times from 1.2 RMB billion in 2001 to
billion in 2011. In the next few years, government of Yinchuan would be
focusing on industrial development for numerous industries, at the same
time, enhancing the economic strength of the city. Thus, growth is
government finance revenue for the next period would be highly likely as the
upward trend continues.
Below is the chart of Yinchuan government finance revenue and trends from year 2001 - 2011:
in fixed assets of Yinchuan has leaped by 13.6 times from 5.3 RMB billion in
2001 to 72.1 RMB billion in 2011. With reference to the 12th
Five-year Plan of Yinchuan, city of Yinchuan would be placing heavy emphasis
on fixed assets investment, targeting annual growth at 20%.
In addition, being the capital of the only Hui Nationality Autonomous
Region, Yinchuan enjoys policy advantages for development in ethnic regions.
These policies would provide added incentives for future investors.
Below is the chart of Yinchuan total investments in fixed assets and trends from year 2001 - 2011: