Nanchang demographic analysis and economy overview

 

Population of Nanchang- capital of Jiangxi Province has grown significantly by 11.4% from 4.4 million in 2001 to 4.9 million in 2007. About 1 million of the total population belongs to transient population and 2.3 million are urban permanent residents. The population covers an area of 7, 402 square kilometers, 617 square kilometers of which is urban area.

 

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

 

 

 

Nominal GDP of Nanchang has soared from 48.6 RMB billion in 2001 to 139 RMB billion in 2007- a 2.8 times growth in a period of six years. In 2006, the GDP contribution ratio of the primary industries was 6.5%; secondary industries 54.4% and tertiary industries 39.1%. More than half of the GDP constitutes to secondary industries reflecting the significance of manufacturing in Nanchang’s economy. Key industries of Nanchang includes: photovoltaic, aviation, electromechanical, LED, automobile manufacturing industries. It is also noted that The Ford Motor Company, in a joint venture with Jiangling Motors since 1997, has a plant which assembles the Ford Transit van in Nanchang.

 

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

 

 

Nanchang’s nominal GDP per capita has increased by 2.6 times from 11, 033 RMB in 2001 to 28, 290 RMB in 2007. Not only is there tremendous growth in the material aspect of Nanchang’s population, progress in the non-material aspect has also proven to be remarkable as well. This can be evident when Nanchang has been awarded titles such as “One of the World Top 10 Dynamic Cities” US News Weekly, “A National Hygienic City”, “One of the Best Places for Living in China” since 2007. Thus, it can be seen that Nanchang’s standard of living has been constantly improving over the years.

 

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

 

 

Since the reform and opening up, rapid industrialization, urbanization and internationalization has lead to Nanchang’s government financed leaping by multiple times from 2 RMB billion in 2001 to 9 RMB billion in 2007. The trend is expected to carry on as Nanchang’s economy is developing rapidly.

 

 

 

Nanchang total investments in fixed assets have shot up from 7 RMB billion in 2001 to 82 RMB billion in 2007- a 11.7 times expansion in a period of six years. This has proven the fact Nanchang investment environment has been advancing rapidly. The favorable conditions are largely due to its geographical location, abundant and skilled human resource, preferential policies and an excellent transport system. There are many upcoming projects that provide space of growth for Nanchang’s investment landscape. A case in point- Nanchang High-tech Zone is planning to construct an aviation industrial city to transform Nanchang into a major production base of aircraft, international aviation industry subcontracting production base. In addition, there are upcoming plans to provide support to the photovoltaic industry development; Nanchang will grant various preferential policies in terms of lower administrative fees, improvement in transportation networks, building of factories etc.

 

 

 

 

 

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