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Shenyang demographic analysis and economy overview
Total population of Shenyang (capital of Liaoning
Province) has grown by 2.9%from 6.9 million in 2001
to 7.1 million in 2007, with urban population of 4
million and consisting of 37 minority groups. The
largest increase during this period occurred in 2007
with a growth rate of 0.88% relative to the previous
years. Shenyang is the largest city in
northeastern China and among top ten
largest cities in China in terms of urban
population.
Below is the chart of Shenyang total population and trends from year 2001 - 2008:
Widely known as “Equipping department of the PRC”,
its large scale equipment manufacturing and enhanced
capabilities in this aspect provide its competitive
advantage. Shenyang’s nominal GDP has up by 2.6
times from 123.6 RMB billion in 2001 to 322.1 RMB
billion in 2007. Shenyang’s main industries include:
mechanical processing, automobile, petrochemical
industry, aviation, pharmacy, building materials,
metallurgy, light industry, textile, electronic
industry and coal industry. Besides being a
manufacturing base, the latest growing tertiary
industries such as finance, information service and
tourism have been developing rapidly.
Below is the chart of nominal GDP and trends of Shenyang city from year 2001 - 2008:
Nominal GDP per
capita of Shenyang has increased y 2.5 times from 17, 937 RMB in 2001 to 45,
383 RMB in 2007. In 2006, the urban citizen’s disposable income per capita
is 11,651 RMB, up 15.4% (highest rate of increase in 11 years) from 2005.
Rural population’s net income per capita is 5, 713RMB, up 13.1% from 2005. Shenyang’s disposable income per capita has increased considerably over the
last five years, more than double, from 7,050 RMB per annum in 2002 to 14,
606 RMB in 2007.
Below is the chart of Shenyang nominal GDP per capita and trends from year 2001 - 2008:
Shenyang
government finance revenue has jumped by 2.8 times from 8 RMB billion in
2001 to 23 RMB billion in 2007. The trend is expected to carry on as
Shenyang strives to develop into a major manufacturing centre in China;
logistics, commerce and financial centre in northeast China.
Below is the chart of Shenyang government finance revenue and trends from year 2001 - 2008:
Shenyang total
investments in fixed assets have grown dramatically by 8.4 times from 28 RMB
billion in 2001 to 236 RMB billion in 2007. Shenyang has become a popular
destination for investors. This is because the Central Government has
decided to revitalize the traditional industrial bases in northeast China.
This piece of information has send out positive signals reflecting the
inherent growth potential, thus, attracting vast number of investors to
Shenyang. Furthermore, favorable investment policies such as investment
subsidies and factory rent relief have been put together by the municipal
government, serving as alluring incentives for investors.
Below is the chart of Shenyang total investments in fixed assets and trends from year 2001 - 2008:
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