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Qingdao demographic analysis and economy overview
Total population of Qingdao (major city in eastern
Shandong Province) has grown from 7.1 million in
2001 to 7.6 million in 2007, representing a 7.0%
increase in a period of six years. The population
density is 712 per square kilometers. Among the
total population, 2.8 million are urban residents.
Below is the chart of Qingdao total population and trends from year 2001 - 2008:
Nominal GDP of Qingdao has tripled from 131.6 RMB
billion in 2001 to 378.7 RMB billion in 2007. Pillar
industries of Qingdao includes: electronics and
telecom, information and home appliances, chemical
engineering and rubber, beverage and food,
automobile and shipbuilding, garment and ornaments.
In 2006, Qingdao primary industry added 18.4RMB
billion, up 1.6%; second industry increased 166.7RMB
billion, up 19.4%; tertiary industry increased 134.5
RMB billion, up 15.6% relative to the previous year.
Famous brands like Tsingtao, Haier, Hisense,
Doublestar, and Aucma have contributed about 70% of
the city's total industrial production value, at the
same time, driving development
and attracting foreign investments.
Below is the chart of nominal GDP and trends of
Qingdao city from year 2001 - 2008:
Qingdao’s nominal
GDP per capita has risen by 2.7 times from 18, 523 RMB in 2001 to 49, 955
RMB in 2007. In 2007, there is steady growth in the income of residents.
Annual disposable income per capita of urban residents is 17,856 RMB, an
increase of 16.5%; consumption expenditure per capita is 13,376 RMB, up 12%.
Net income of rural population per capita is 7,477 RMB, an increase of
14.2%; living expenses per capita is 4,736 RMB, an increase of 12.7%.
Below is the chart of Qingdao nominal GDP per capita and trends from year 2001 - 2008:
Qingdao’s
government finance revenue has surged by 3.2 times from 9 RMB billion in
2001 to 29 RMB billion in 2007. The financial strength of Qingdao has been
boosted with the rapid advancement of the economy, thus, having adequate
funds for infrastructure construction and social benefits policies,
strengthening its capabilities for future economic management.
Below is the chart of Qingdao government finance revenue and trends from year 2001 - 2008:
Total investments
in fixed assets of Qingdao has soared from 29 RMB billion in 2001 to 397 RMB
billion in 2007, representing a remarkable growth of 13.7 times over a
period of six years. In 2007, 8,000 foreign companies have by now set up
branches in Qingdao and there are 71 companies from the Fortune 500 that
have made investments in 89 projects. Moreover, in recent years, the
favorable investment conditions of Qingdao have attracted numerous companies
such as Samsung, HP, Lucent, Hyundai, Panasonic, Nescafe and Wal-Mart. The
growing investments in fixed assets are expected to carry on as the
efficiency of bidding procedures, service and government examinations and
approvals are enhanced.
Below is the chart of Qingdao total investments in fixed assets and trends from year 2001 - 2008:
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