Yinchuan demographic analysis and economy overview

 

Total population of Yinchuan (capital of Ningxia Hui Autonomous Region) has grown from 1 million in 2001 to 1.5 million in 2007, reflecting a 50% growth over the years. Approximately 25 diverse ethnic groups live in the city including Hui, Han, Mongol, Manchu and Chaoxian. The Hui make up of 28% of the total population.

 

Below is the chart of Yinchuan total population and trends from year 2001 - 2011:

 

 

 

Yinchuan’s nominal GDP has jumped by 3.9 times from 10.5 RMB billion in 2001 to 40.9 RMB billion in 2007. 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 2.7 times from 10, 088 RMB in 2001 to 27, 462 RMB in 2007. In 2006, the disposable income per capita of urban residents is 10, 068 RMB while the net income per capita of rural residents is 3, 800 RMB.

 

Below is the chart of Yinchuan nominal GDP per capita and trends from year 2001 - 2011:

 

 

Yinchuan’s government finance revenue has tripled from 1 RMB billion in 2001 to 3 RMB billion in 2007. 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.

 

 

 

Total investments in fixed assets of Yinchuan has leaped by 5.8 times from 5 RMB billion in 2001 to 29 RMB billion in 2007. With reference to the new economic strategic objectives put forward by CPC Central Committee and State Council in 2008, city of Yinchuan would be placing heavy emphasis on building a –resource saving society. Simultaneously, bring vast prospects in the energy industry. 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.

 

 

 

 

 

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