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Shenzhen demographic analysis and economy overview
Shenzhen’s population has grown significantly from
4.7 million in 2001 to 8.6 million in 2007,
representing a 1.8 times growth for a period of six
years. Shenzhen's population growth has been mainly
driven by an inflow of floating residents. In 2006,
the city's population density is 4, 334 people per
square kilometer. Currently, Shenzhen is sourcing
for solutions to tackle the problems caused by
expansion of Shenzhen’s population.
Below is the chart of Shenzhen total population and trends from year 2001 - 2008:
Shenzhen is China’s first and most successful
Special Economic Zone. It is both a hub for hi-tech
industrial development and a manufacturing base
which attracts vast numbers of international
companies. Shenzhen's export-oriented industry
constitutes to half of its whole economy. Its pillar
industries include computer software, IT,
microelectronics and components, video and audio
products, electro-mechanical integration, and key
projects of light industry and energy. Nominal GDP
of Shenzhen has surged by 3.5 times from 195.4 RMB
billion in 2001 to 680.2 RMB billion in 2007.
Below is the chart of nominal GDP and trends of Shenzhen city from year 2001 - 2008:
Shenzhen’s GDP
per capita has risen by 1.9 times from 41, 667 RMB in 2001 to 78, 905 RMB in
2007. It is the first city of mainland China to have its GDP per capita
surpassed US$10,000. With reference to standards set by the World Bank,
attainment of GDP per capita of US$10,000 is considered the threshold for to
be regarded as a developed economy. Disposable income per capita of Shenzhen
residents rose by10% relative to 2006 to 24, 870 RMB in 2007.
Below is the chart of Shenzhen nominal GDP per capita and trends from year 2001 - 2008:
Government
finance revenue of Shenzhen has up by 2.4 times from 27 RMB billion in 2001
to 66 RMB billion in 2007. Shenzhen has set goals for its economic
development for the subsequent years. Shenzhen strives to transform into an
global high-tech city in the Asia-Pacific region, an international logistics
hub, centre of finance, trade and conventions and exhibitions, and an
international tourism city. By developing Shenzhen into a regional
international metropolis, the process and the eventual results would lead to
growth of future government finance revenue.
Below is the chart of Shenzhen government finance revenue and trends from year 2001 - 2008:
Shenzhen total
investments in fixed assets has doubled from 65 RMB billion in 2001 to 135
RMB billion in 2007. The rapid growth is due to its abundant and highly
skilled human resources, strategic location- a transportation hinge in the
coastal area of South China, developed infrastructure- fully competitive
telecommunications market, efficient power plants, being the only city in
China Mainland that has sea, land and air ports. Furthermore, Shenzhen has
gained enormous economic scales advantages- escalating GDP, imports and
exports and industrial output.
Below is the chart of Shenzhen total investments in fixed assets and trends from year 2001 - 2008:
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