Zhengzhou demographic analysis and economy overview

 

Total population of Zhengzhou (capital of Henan Province) has grown from 6.4 million in 2001 to 7.1 million in 2007, representing a 10.9% increase over the years. The largest increase occurred in 2007 with a growth rate of 2.23% relative to the previous years. The population covers a total area of 7446 square kilometers.

 

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

 

 

Nominal GDP of Zhengzhou has tripled from 82.8 RMB billion in 2001 to 248.7 RMB billion in 2007. Manufacturing and construction constitutes a substantial proportion (54% of GDP) of the city’s economy, while tertiary sector accounts for 42%. Zhengzhou has more than 50,000 industrial enterprises engaged in over 100 industrial sectors. Its main industries include: aluminum processing, food products, energy, automobile and machinery industries.

 

Below is the chart of nominal GDP and trends of Zhengzhou city from year 2001 - 2011:

 

 

Zhengzhou’s nominal GDP per capita has risen from 12, 963 RMB in 2001 to 35, 173 RMB billion in 2007, reflecting a 2.7tims growth over a period of six years. In 2006, the disposable income per capita of the urban residents is 11,822 RMB, up 11.1%, while the net income per capita of rural residents is 5, 559 RMB, up 16.4% from the previous year. The GDP per capita is expected to grow as Zhengzhou plans to become a advanced manufacturing base, at the same time, placing emphasis on development of modern service industries such as logistics and financial services.

 

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

 

 

Government finance revenue of Zhengzhou has jumped from 5 RMB billion in 2001 to 22 RMB billion in 2007, reflecting a 4.4 times increase over the period of six years. This is due to its rapid development in various aspects of the city. Increasing number of investors has established enterprises in Zhengzhou. Besides, business environment has been evolving swiftly as well. GDP and GDP per capita have also been on an upward trend.

 

 

 

Total investments in fixed assets of Zhengzhou has leaped by 7.6 times from 18 RMB billion in 2001 to 137 RMB billion in 2007. One of the factors is attribute to Zhengzhou being an integrated transportation and communication hub of China with railways, expressways, aviation and telecommunication laying the crucial foundation for investors. Furthermore, investment costs in Zhengzhou are relatively lower as compared to the cities in eastern coastal areas, thus, bringing costs advantages and serving as added incentive to investors. In 2006, Zhengzhou is appraised to be one of China's top 50 cities in comprehensive strength and top 40 in investment surroundings. At the end of 2007, 16 of Fortune 500 such as Pepsi, DHL, UPS, Nissan, Philips, and Coco-cola have established enterprises in Zhengzhou.

 

 

 

 

 

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