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Hohhot demographic analysis and economy overview
Population of Hohhot- capital of Inner Mongolia has
increased by 4.8% from 2.1 million in 2001 to 2.2
million in 2007. The fastest growth occurred in
2007 with a 2.3% growth rate relative to the
previous year. The population covers a total land
area of 17, 200 square kilometers including an urban
one of 2, 000 square kilometers. Hohhot is inhabited
a total of 36 ethnic groups including Mongolians as
the main body, Han as the majority, Hui, Manchu,
Korean, Daur, Oroqen ethnic groups etc.
Below is the chart of Hohhot total population and trends from year 2001 - 2008:
Hohhot has over forty types of minerals with rich
deposits. In addition, its fertile land and rich
produce provides the ideal conditions for farming
and animal husbandry. Hohhot’s dairy industry is
ranked first in China in terms of the total quantity
of milk, milk products, and the quantity of fresh
milk available to the urban residents. Other major
industries include: electric power, biological and
drug preparation, metallurgy and chemical
industries. Swift development is also observed in
the tertiary sectors. Hohhot’s nominal GDP has
jumped from 21.1 RMB billion in 2001 to 110.1 RMB
billion in 2007. During the period of six years, the
nominal GDP has grown significantly by 5.2 times.
Below is the chart of nominal GDP and trends of Hohhot city from year 2001 - 2008:
Hohhot’s nominal
GDP per capita has risen by five times from 10, 000 RMB in 2001 to 49, 700
RMB in 2007. The trend is expected to carry on as the city is experiencing a
robust annual average growth rate of 15% or more since 2001. It also holds
the highest growth rate among all 27 provincial capital cities and the top
economic aggregate relative to the capital cities of the five minority
autonomous regions in China.
Below is the chart of Hohhot nominal GDP per capita and trends from year 2001 - 2008:
Government
finance revenue of Hohhot has soared by 6 times from 1 RMB billion in 2001
to 6 RMB billion in 2007. The trend is expected to continue due to rapid
economic growth of the city. Much of the revenue is spent on education,
environmental protection and industrial business and financial matters.
Below is the chart of Hohhot government finance revenue and trends from year 2001 - 2008:
As part of the
China’s preferential economic policies for minority areas and Great Western
Development Strategy, companies investing in Hohhot are able to benefit from
relaxed government policies, financial and tax incentives. The two economic
development initiatives have indeed offered companies that invest in Hohhot
numerous advantages which include: lower costs for natural resources and
certain degree of liberty from central government restrictions. Therefore,
this has lead to Hohhot’s total investment in fixed assets leaping from 10
RMB billion in 2001 to 61 RMB billion in 2007. As China's economy expands
rapidly, organizations are competing to acquire essential resources and raw
materials to fuel their growth, hire employees at lower costs, and source
for supportive infrastructure and government policies. Because Hohhot
possesses these alluring factors, investments in fixed assets are expected
to spiral in times to come.
Below is the chart of Hohhot total investments in fixed assets and trends from year 2001 - 2008:
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