Changsha demographic analysis and economy overview

 

 

In 2007, Changsha’s population consists of 6.4 million people- a rise in number since 2001’s 5.9 million. During this period of time, the population of Changsha has grown by 8.5%. The smallest increase occurred in 2007 with 1.01% growth rate, while the fastest growth rate occurred in 2005 with 1.73% growth rate. The urban population consists of 1, 890,000 people. The total population covers administrative areas of 11, 800 square kilometers.

 

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

 

 

 

Being one of China’s top 20 “economically advanced” cities, Changsha’s economy has been developing rapidly. Its nominal GDP has tripled since 2001 to 219 RMB billion in 2007. Service and manufacturing sectors are the engines growth for the city. In 2006, service sector made up of half of Changsha’s GDP, while the manufacturing sector experienced an average growth of 18 percent from 2001. Changsha’s city main industries includes: electronic information, machinery, automotive, advanced materials, tobacco, agriculture, biological medicine etc.

 

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

 

 

Changsha’s nominal GDP per capita has soared from 12,400 RMB in 2001 to 34, 34, 300 RMB in 2007. It is expected that the nominal GDP per capita will continue its upward trend as Changsha has a huge consumer market and further expansion is highly probable. With reference to Changsha’s Social and Economic Development Plan, the average per capita disposable income will increase at an annual rate of 9% through 2010. In addition, there are both urban and rural per capita cash incomes are on a rise.

 

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

 

 

The local finance revenue has up from 5 RMB billion in 2001 to 17 RMB billion in 2007. Changsha has maintained a steady growth in this aspect and this trend will be expected to continue. The government has invested substantial funds in numerous projects such as the “Smooth Traffic Project”, “bus-first” strategy, housing and leading zone construction. More investment projects will promote the people’s well-being which includes aspects in the housing, transport, ecology and culture

 

 

 

Changsha’s total investments in fixed assets has surged by 5.2 times from 28 RMB billion in 2001 to 145 RMB billion in 2007. The rising trend is due to Changsha’s sound infrastructure and facilities at relatively low rates. In addition, it has considerable workforce and cost advantages relative to coastal cities such as Shanghai and Guangzhou. It is noted that Changsha was approved by the Ministry as “Outsourcing Services Base” and was ranked as the 14th most competitive city in China in 2007. Furthermore, Changsha’s government has released a Development Plan for Six Key Industries which includes: Machinery, Automotive, Information Technology, Advanced Materials, and Home Appliances. Various approaches would be used to attract investors for the enhancement of the above industries. Thus, it would be expected that Changsha’s investments in fixed assets would continue to expand in the years to come.

 

 

 

 

 

Related cities:

 

Beijing	Changchun	Changsha	Chengdu	Chongqing
Dalian	Fuzhou	Guangzhou	Guiyang	Haikou
Hangzhou	Harbin	Hefei	Hohhot	Jinan
Kunming	Lanzhou	Nanchang	Nanjing	Nanning
Ningbo	Qingdao	Shanghai	Shenyang	Shenzhen
Shijiazhuang	Taiyuan	Tianjin	Urumqi	Wuhan
Xi'an	Xiamen	Xining	Yinchuan	Zhengzhou