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Harbin demographic analysis and economy overview
Total population of Harbin- capital of Heilongjiang
Province has up by 5.3% from 9.4 million in 2001 to
9.9 million in 2007, making Harbin China's 8th
largest city. Over 4 million of the population lives
in the city centre. The population covers a total
area of 53, 000 square kilometers, including 4, 300
square kilometers in the urban area.
Below is the chart of Harbin total population and trends from year 2001 - 2008:
Harbin is the center of Heilongjiang province
economy development. Equipped with numerous
advantages such as an abundance of natural
resources, good transport system and plenty of human
resources, nominal GDP of Harbin has doubled from
112 RMB billion in 2001 to 243.7 RMB billion in
2007. Harbin is one of China's main industrial
bases. The four “pillar” industries are
pharmaceuticals, automobiles, foodstuffs and
electromechanical plant equipment. In 2007, tertiary
industry output remained the main component of the
GDP reaching 118.7 RMB billion, an increase of 17.4%
from the previous year. Nominal GDP is expected to
continue to grow as Harbin carries on developing
itself into an all-rounded modern city.
Below is the chart of nominal GDP and trends of Harbin city from year 2001 - 2008:
Similar to the
trend of Harbin’s nominal GDP, nominal GDP per capita increased by 107% from
11, 902 RMB in 2001 to 24, 681 RMB in 2007. The trend is expected to rise as
Harbin continues to undergo series of changes with government-led
initiatives revitalizing the economy of Harbin.
Below is the chart of Harbin nominal GDP per capita and trends from year 2001 - 2008:
Enhanced
investment in agricultural development, industrial restructuring, a
strengthening of infrastructure construction, and extending the coverage of
a social security system have all been major factors driving Harbin’s
economic growth which eventual led to growth in government finance revenue.
Harbin’s government finance revenue increases by 1.9 times from 7 RMB
billion in 2001 to 13 RMB billion in 2007.
Below is the chart of Harbin government finance revenue and trends from year 2001 - 2008:
To spur
investments in Harbin, preferential policies have been in place to serve as
incentives for investors. These policies includes: reduction in corporate
income taxes, reimbursements, precedence in buying stocks rights etc. The
investment environment in Harbin is also ideal for investors in terms of
presence of Economic Zones, infrastructure facilities, luxuriant resources,
prospects in machine manufacture, high tech, food and pharmaceutical
industries. Harbin total investment in fixed assets have soared from 31 RMB
billion in 2001 to 103 RMB billion in 2007- a threefold increase during the
period of six years.
Below is the chart of Harbin total investments in fixed assets and trends from year 2001 - 2008:
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