Nanjing demographic analysis and economy overview

 

Total population of Nanjing- capital of Jiangsu Province- has increased by 12.7% from 5.5 million in 2001 to 6.2 million in 2007. In 2007, the birth rate was 8.7% and the death rate was 6.2%. The urban area of Nanjing had a population of 5.3 million people.

 

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

 

 

 

Nanjing nominal GDP has up by 2.9 times from 115 RMB billion in 2001 to 328.4 RMB billion in 2007. Nanjing has built up a comprehensive industrial system to propel its growth. Its pillar industries include: high-tech electronic information, auto industry, petrochemical industry and iron and steel industry. Other factor which results in the rapid growth of Nanjing’s economy is its strategic geographical location of being in the Yangtze River Delta economic zone.

 

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

 

 

Over the years, Nanjing has been increasing its global competitiveness by focusing on building an all-rounded society, supporting market-oriented reform and opening-up in various aspects, speeding up its strategic readjustment of economic structure, and building up infrastructures for industries. Thus, with the progress of the economy, nominal GDP per capita of Nanjing has jumped by 2.6 times from 20, 800 RMB in 2001 to 53, 206 RMB in 2007.

 

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

 

 

Nanjing’s government finance revenue has tripled from 11 RMB billion in 2001 to 33 RMB billion in 2007. One of the main factors attribute to China’s government designation of regions around the lower reaches of the Yangtze River as the next region of high spread economic growth. Nanjing has benefited greatly from this strategy. This has resulted in Nanjing's industrial output accounting for approximate 1% of China's total industrial output, 40% of the city's GDP, and 70% of the city's revenue.

 

 

 

Due to its proximity to Shanghai, Nanjing is able to attract many foreign companies who are interested in venturing into the manufacturing industries. Besides, owing to competitive land prices, labor costs, and highly educated employees found in Nanjing, increasing number of foreign companies are shifting from Shanghai to set up new factories in Nanjing. This has lead to total investments in fixed assets soaring from 39 RMB billion in 2001 to 187 RMB billion in 2007- reflecting a 4.8 times surge within a period of six years

 

 

 

 

 

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