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Fujian demographic analysis and economy overview
Total population of Fujian province has grown by
9.1% from 32.8 million in 1997 to 35.8 million in
2007. The total population covers an area of 121,
400 square kilometers. Han makes up the majority of the population.
Ethnic minority groups in Fujian are mainly
distributed in Ningde, followed by Fuzhou and
Quanzhou. The largest ethnic
minority group consists of the
She tribes people. The natural population growth
rate is 5.85 per thousand.
Below is the chart of Fujian total population and trends from year 1997 - 2011:
Provincial economic growth increased markedly when the
government began encouraging the development of
coastal trading cities. Nominal GDP of Fujian is on
an upward trend from 300 RMB billion in 1997 to
924.9 RMB billion in 2007, reflecting a threefold
jump over the period of 10 years. The major
industries include: building materials, forestry,
light industries, electronics, chemicals,
machineries, metallurgy and energy industries. One
major engines of growth is attributable to
investments from Taiwan. This is because Fujian
receives the bulk of investments from Taiwan due to of both its
geographic and cultural proximity.
Below is the chart of nominal GDP and trends of Fujian province from year 1997 - 2011:
Similar to the
trend of nominal GDP, Fujian’s nominal GDP per capita has been rising from
9, 100 RMB in 1997 to 25, 800 in 2007, representing a 2.8 times growth over
the years. The largest increase occurred in 2007 with a 21% growth rate
relative to the previous years. The rising trend is expected to carry on as
direct transportation links, which were launched in 2008 are estimated to
provide Fujian's economy a boost, especially the three cross-Straits port
cities of Fuzhou, Xiamen and Quanzhou. This would greatly spur cross-border
trade and investments with Taiwan.
Below is the chart of Fujian nominal GDP per capita and trends from year 1997 - 2011:
In 2007, the
service and manufacturing sectors contributes significantly to the total GDP
of the Fujian province. The service sector contributes 40% to the total GDP
while the manufacturing sector makes up to 43% of the total GDP. Main
service sectors contributing to Fujian’s economy are wholesale and retail
trade, transport, storage and postal services, real estate, finance and
insurance while key manufacturing sectors includes telecommunications,
computer and electronic equipment industries.
Below is the chart of Fujian GDP by agricultural sector, manufacturing sector, construction sector
and service sector for the year 2011:
Fujian total
investments in fixed assets have soared from 88 RMB billion in 1997 to429
RMB billion in 2007, representing a 4.9 times leap over a period of ten
years. There are many factors attributing to the jump in investments. First
and foremost, Fujian has been constantly improving its infrastructure and
transportation system which include seaports, expressways, railways and
airports. Secondly, Fujian has an abundant power supply. Thirdly, Fujian has
a modern network of communications. Lastly, Fujian has set up development
zones that provide favorable conditions for overseas investors to invest in
Fujian.
Below is the chart of Fujian total investment in fixed assets and trends from year 1997 - 2011:
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