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Sichuan demographic analysis and economy overview
Total population of Sichuan province is on decline
from 84.3 million in 1997 to 81.3 million in 2007,
representing a 3.6 times decrease over a period of
ten years. Due to rapid urbanization, there is a
growing trend of rural workers moving to the cities.
Furthermore, the province is facing the problems of
burgeoning ageing population. This would not be
beneficial for the province as the population is
said to be ageing too early. In a population report written in 2006, Chen Zi, chief of the department of
Population and Social Science mentioned, “Sichuan
has yet to set up a sound social insurance system
for old people, build more old people's homes and
ensure adequate medical facilities.”
Below is the chart of Sichuan total population and trends from year 1997 - 2011:
Sichuan’s nominal GDP has tripled from 332 RMB
billion in 1997 to 1, 050 RMB in 2007. However, in
2008, the Sichuan Earthquake has adversely affected
the economy of the province. For example, the
earthquake has dampened the development of the
tourism industry, which resulted in a 10.3% decline
in revenue in 2008. The economy of the province is
expected its momentum as the government would focus
in recovery work and increasing domestic demands.
Below is the chart of nominal GDP and trends of Sichuan province from year 1997 - 2011:
Nominal GDP per
capita of Sichuan province has risen from 3, 940 RMB in 1997 to 12, 930 RMB
in 2007, reflecting a 3.3 times growth over the years. In 2008, income per
capita of urban residents reached 12, 630 RMB- up 13.8% from 2007 while
rural residents' net income per capita reached
4, 120 RMB- an increase of 16.2% from the previous year. In 2005, urban
residents' expenditure per capita amounted to 6,370 RMB,-growth of10.6% from
2004, while rural residents’ expenditure per capita amounted to 2, 010 RMB,
up 15.1% from the previous year. The growth in nominal GDP per capita,
income per capita and expenditure per capita reflects the rising living
standards of the population.
Below is the chart of Sichuan nominal GDP per capita and trends from year 1997 - 2011:
Both the
manufacturing and service industries play major roles in the economy
development of the provincial GDP. In 2007, the manufacturing and service
sectors contribute 37% each to the provincial GDP. Its main industries
include: coal, energy, iron, and steel, building materials, food and
chemical industries. Tourism industries also form the pillar of the
provincial economy. In 2007, the added value derived from primary industries
of Sichuan province is ranked third in China. The agricultural sector
constitutes to 19% of the total provincial GDP. Main agricultural products
include: rice, rapeseed, citrus fruits, natural silk and tong oil.
Below is the chart of Sichuan GDP by agricultural sector, manufacturing sector, construction sector
and service sector for the year 2011:
Total investments
in fixed assets of Sichuan province has surged from 93 RMB billion in 1997
to 564 RMB billion in 2007, reflecting a 6.1 times leap over a period of ten
years. The trend would be expected to continue as the provincial government
continues to promote the development of rural areas. At the same time, the
central government would offer more preferential policies to boost
infrastructure construction for communications and energy sectors. Furthermore, the aftermath of the earthquake provide opportunities for
investors in areas such as infrastructure, real estate, water treatment,
manufacturing and modern services sectors.
Below is the chart of Sichuan total investment in fixed assets and trends from year 1997 - 2011:
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