Shijiazhuang demographic analysis and economy overview

 

Total population of Shijiazhuang (capital city of Hebei Province) has grown from 9.0 million in 2001 to 9.6 million in 2007, representing a 6.7% growth over a period of six years. In 2004, there are 43 minority nationalities with 64, 843 people, constituting to 0.8% of the city's total population. Among the minorities, Hui has the largest population, accounting for76.8% of the population of the minorities in Shijiazhuang.

 

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

 

 

 

Shijiazhuang is the largest pharmaceutical base and one of the most important textile bases in China. Shijiazhuang’s nominal GDP has doubled from 108.5 RMB billion in 2001 to 236.1 RMB billion in 2007. The other key industries of Shijiazhuang include electronic information technology, construction materials, metallurgy, trade, commerce, and chemical industries. In 2006, the economic contribution ratio of the primary industries was 12.3% of total GDP; secondary industries 49.7%, while tertiary industries constitutes to 38.0% of the total GDP.

 

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

 

 

Shijiazhuang’s nominal GDP per capita has doubled from 12, 115 RMB to 24, 718 RMB in 2007. Disposable income continues to experience relatively rapid growth as well. Shijiazhuang’s GDP per capita will continue its upward trend as the city carries on striving to create an economic atmosphere promoting investment and growth.

 

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

 

 

Government finance revenue of Shijiazhuang has up by 2.5 times from 4 RMB billion in 2001 to 10 RMB billion in 2007. The growing government finance revenue has enabled the city to focus on upgrading infrastructures for its high-growth sectors and maintaining its pace to modernization. The private sector economy has developed at an accelerated rate over the past few years, having 117 billion RMB worth of total private sector industrial output of in 2006. The private sector, accounting for 46% of Shijiazhuang’s fiscal revenue, has become a significant aspect in the city’s economic and social improvement.

 

 

 

In recent years, the government of Shijiazhuang has constantly improved the investment landscape and strengthened the attraction of foreign investments. This has lead to Shijiazhuang’s total investments in fixed assets to climb from 26 RMB billion in 2001 to 139 RMB billion in 2007, representing a 5 times leap over a period of six years. A major decision that is made by the government is to invest heavily in Shijiazhuang’s construction of large-scale pharmaceutical companies and cotton mills. This has put in place critical industrial foundations for the city. Thus, by implementing this strategy, tremendous benefits have been brought about to the city’s development.

 

 

 

 

 

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