Chengdu demographic analysis and economy overview

 

Chengdu’s total population is on a steady increase from 10.2 million in 2001 to 11.1 million in 2007-refelcting a 8.8% over the period of 6 years. Chengdu- capital of Sichuan province is the fifth most populated country in China positioned after Beijing, Shanghai, Tianjin and Shanghai. The total population covers an area of 12, 390 square kilometers.

 

Below is the chart of Chengdu total population and trends from year 2001 - 2008:

 

 

 

Chengdu is a key manufacturing center for the electronics, machinery, pharmaceuticals, chemicals, metallurgy and food processing industries. In 2006, the service sector in Chengdu accounts for the major portion of the total GDP (48%). The secondary industries which account for 44% of the total GDP is slightly below the national average of 50%. Chengdu’s nominal GDP has been growing over the years. In 2001, the nominal GDP amounted to 149.2 RMB billion. After a period of 6 years, the nominal GDP has grown by 123% to 332.4 RMB billion in 2007. The fastest rate of increase occurred in 2007 whereby there is an increase in nominal GDP by 21% from the previous year. The GDP is expected to continue to soar as the provincial government has pledged to create an enhanced economy by protecting local brands. One of the aims of the government is to develop the local economy. By 2010, it is anticipated that production of local companies will comprise of 20% of total production value.

 

Below is the chart of nominal GDP and trends of Chengdu city from year 2001 - 2008:

 

 

Similar to Chengdu’s nominal GDP, the nominal GDP per capita has been increasing steadily from 14, 600 in 2001 to 29,890 in 2007. The largest increase occurred in 2007 with a 20% increase relative to the previous year. One of the main economic targets is to increase the per capita GDP to US$5, 000 by 2015.

 

Below is the chart of Chengdu nominal GDP per capita and trends from year 2001 - 2008:

 

 

The government finance revenue has up from 8RMB billion in 2001 to 29 RMB billion in 2007. From 2005 to 2007, the amount of government finance revenue has doubled within a period of two years. Fiscal revenue of Chengdu has been ranked first among the capital cities in central and western China.

 

 

 

Chengdu’s total investment in fixed assets has been increasing at an exponential rate. Total investments have quadrupled from 2002’s 64 RMB billion to 239 RMB billion in 2007. The rapid growth in investments is due to the favorable investment environment in Chengdu. For example, Chengdu is one of cities with the highest number of universities and research institutes. In addition, Chengdu has the largest financial transaction volume and highest number of foreign banks in central and western China, its transportation and communications sectors are also seen as complimentary to the investment environment. Furthermore, the Central government “go west” campaign and preferential tax rates have also encouraged investors to develop the lagging Western provinces.

 

 

 

 

 

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