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
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:
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.
Below is the chart of Yinchuan government finance revenue and trends from year 2001 - 2011:
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.
Below is the chart of Yinchuan total investments in fixed assets and trends from year 2001 - 2011: