Beijing demographic analysis and economy overview

 

Beijing is China's second largest city in terms of population, after Shanghai. The population of Beijing has been on the increase ever since the People’s Republic of China was founded in 1949. In 2001, the population is 11.2 million. After 6 years, the total population has grown by 8.0% to 12.1 million in 2007. The above figures do not include the floating population. If floating population were taken into account, the population of Beijing has reached 17.4 million in 2007. One of the factors that resulted in the increase of population is due to the reform of the household registration system that led to a surge in marriages between residents in Beijing and those from other provinces. The average population growth rate is 1.3% from 2001-2007. The trend is expected to continue in the next few years.

 

Below is the chart of Beijing total population and trends from year 2001 - 2009:

 

 

Nominal GDP has experienced tremendous growth over the years; from 285 RMB billion in 2001 to 935 RMB billion in 2007 reflecting a 229% increase since 2001, a remarkable growth in a period of 6 years. The rise in GDP is mainly due to growth in fields of investments, imports and exports and growth in automobiles, housing and catering sectors. In the next few years, efficiency of the industrial structure and tertiary sector will be enhanced simultaneously. Beijing will continue to experience accelerated urbanization and globalization. Its socio- economic development will to continue to project the ongoing upward trend in its nominal GDP growth.

 

Below is the chart of nominal GDP and trends of Beijing city from year 2001 - 2009:

 

 

Combining the above two statistics, GDP per capita is derived. GDP per capita of Beijing has been rising from 25, 000 RMB in 2001 to 77, 000 in 2007. The 204% increase is due to the fact that the economy of Beijing is growing faster than that of the population growth. In addition, there are six high-end industrial districts that played a vital role in boosting Beijing’s economy. These industrial districts have contributed significantly to the industrial, information industrial and financial growth of Beijing over the years.

 

Below is the chart of Beijing nominal GDP per capita and trends from year 2001 - 2009:

 

 

Beijing’s government finance revenue has tripled from 45 RMB billion in 2001 to 149 RMB billion in 2007. The largest growth experienced occurred in 2007, where the finance revenue increased by 34% relative to the previous years. The sustained, rapid growth of the city's revenue is derived mainly from its strategy in shaping the tertiary, secondary and primary industries, thus, resulting in a high-growth and high efficiency momentum. Furthermore, there has been taxation system reform- sharing tax revenue between Beijing and its districts which has spurred Beijing and its district for boosting a rapid development in the amount of the financial revenues.

 

 

 

Similarly, Beijing’s total investment in fixed assets are on a upward trend from 142 RMB billion in 2001 to 397 RMB billion in 2007. Majority of the investments went to real estate development and the development of the urban areas such as building or improving on roads, bridges and sewage system. In 2007, Chaoyang District’s fixed assets investments ranked No.1 in Beijing due to growing real estate investment.

 

 

 

 

 

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