Fuzhou demographic analysis and economy overview

 

Fuzhou is the capital and the largest city of Fujian province. Total population of Fuzhou is on a rising trend. In 2001, the population is 5.9 million. However, in 2007, the population has grown by 6.8% to 6.3 million in 2007. The total population covers a total area of 12, 000 square kilometers.

 

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

 

 

 

Fuzhou’s economy has been developing rapidly due to the constructions of industrial parks and the urban areas of Fuzhou. Nominal GDP of Fuzhou increases by 83.9% from 107.4 RMB to 197.5 RMB billion in 2007. Forestry, agriculture, aquaculture, and a nascent high-tech industry make up important components of Fuzhou’s GDP. It is also noted that the proportion of primary industry is on a decline while the proportion of secondary industry is rising steadily over the years. The advantageous geographic location has also brought in large amount of foreign trade. Furthermore, the constant expansion of development zones attracts increasingly number of businessmen from both home and abroad. This has also provided the additional boost to the economy.

 

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

 

 

 A general rising trend is observed for Fuzhou’s nominal GDP per capita. Nominal GDP per capita of Fuzhou has risen by 73.3% from 18, 080 RMB in 2001 to 31, 330 RMB in 2007. However, in 2005, Fuzhou nominal GDP has dropped by 6% from the previous year; this is then followed by a steady recovery to 2007 which has the fastest growth rate in its nominal GDP per capita of 17% relative to 2006. The standard of living of both urban and rural residents has risen steadily. The disposable income per capita has reached 16, 642 RMB for urban residents and the net income per capita has reached 6,286 RMB for rural residents. Fuzhou is ranked 21st among 659 Chinese cities in terms of nominal GDP per capita.

 

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

 

 

Fuzhou’s government finance revenue has surged by 2.5 from 7 RMB billion in 2001 to 15 RMB billion in 2007. The trend is expected to continue as the economic and social aspects of the city continue to improve tremendously.

 

 

 

Countries and regions investing in Fuzhou are mainly from East Asia, the European Union, North America and Japan. Total investment in fixed assets in Fuzhou have grown by 5 times from 21 RMB billion in 2001 to 100 RMB billion in 2007. Furthermore, Fuzhou has a high level of concentrated foreign investments from over 100 countries and areas. Companies that invest in Fuzhou includes: Nokia, Dell, Wal-Mart, Toshiba, HSBC, Deutsche Post etc.

 

 

 

 

 

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