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Nanning demographic analysis and economy overview
Total population of Nanning-capital of Guangxi
Province has jumped from 2.9 million in 2001 to 6.8
million in 2007- a 134.5% increase in a period of
six years. There is an abrupt increase by 2 times in
the population from 3.0 million in 2002 to 6.1
million in 2003. In 2007, natural population growth
rate was kept under within the range set by the
government of the Autonomous Region.
Below is the chart of Nanning total population and trends from year 2001 - 2009:
Nominal GDP of Nanning has risen by 3.3 times from
32.5 RMB billion in 2001 to 106.9 RMB billion in
2007. In 2006, the economic contribution ratio of
the primary industries represented 15.6% of GDP;
secondary industries represented 34.1%; while
tertiary sector represented 50.3%. Tertiary sector
constitutes to more than half of the city’s GDP
reflecting the vital importance in Nanning’s GDP
growth. In the tertiary sector, capacity of high-way
transportation and cargo-handling capacity of
seaports has increased substantially. Furthermore,
sectors in business and trade have maintained a
strong momentum of development as well.
Below is the chart of nominal GDP and trends of Nanning city from year 2001 - 2009:
Nominal GDP per
capita of Nanning has increased by 1.4 times from 11, 026 RMB in 2001 to 15,
640 in 2007. There is an sharp drop in the GDP per capita from 2002 to
2003. This is largely due to an abrupt increase in population from 3.0
million in 2002 to 6.1 million in 2003. However, subsequently, the trend of
the GDP per capita rebounds and makes a steady recovery till 2007 reflecting
the rapid growth of the economy even as the population increases as well. In
addition, in 2007, the disposable income per capita of urban residents
reached 11, 877 RMB, an increase of 16.52%, and the net income per capita of
rural people was 3, 453 RMB, up by 13.84% over the previous years.
Below is the chart of Nanning nominal GDP per capita and trends from year 2001 - 2009:
Nanning
government finance revenue has swelled by 3.5 times from 2 RMB billion in
2001 to 7 RMB billion in 2007. The trend is expected to carry on as Nanning
continues to renew commercial promotion and expedite investment growth in
order to fulfill the target of 15% increase in GDP, 16% growth in revenue
and an increase of 20% in investments for social fixed assets for social
economic development in 2008.
Below is the chart of Nanning government finance revenue and trends from year 2001 - 2009:
Nanning is the
only city that enjoys both the coastal city opening up policies and the
preferential policies under China's Western Development Strategy. Total
investments in fixed assets have increased by 5.6 times from 10RMB billion
in 2002 to 56 RMB billion in 2007. Nanning’s main industry groups include:
biology and pharmacy, electronic information, new material and electro
mechanics. There are vast number of major projects in various aspects of
Nanning such as Agriculture and Farm Processing, Financing, Modern Commerce
and Trade Service, Asset Restructuring, Industry and High Tech, Commerce and
Logistics and Social Undertakings. Combing with favorable investment
conditions that are laid out in Nanning, growth in investments in fixed
assets would be very much probable.
Below is the chart of Nanning total investments in fixed assets and trends from year 2001 - 2009:
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