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Tianjin demographic analysis and economy overview

 

Population of Tianjin (one of China’s four municipalities) has grown from 9.1 million in 2001 to 9.6 million in 2007, reflecting a 5.5% growth over the years. Tianjin is the 6th largest city in terms of urban population- comprising of 5.6 million people (based on 2004 statistics) in China. There are 51 minority nationalities in Tianjin.

 

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

 

 

 

Tianjin is transforming into a hub city for international shipping and logistics, modern manufacturing and research and development. Nominal GDP of Tianjin has swelled by 2.8 times from 184 RMB billion in 2001 to 505 RMB billion in 2007. Tianjin pillar industries comprise of electronic information technology, automotive, bio-tech and pharmaceuticals, metallurgy and petrochemicals industries. The new coastal area, comprising of Tianjin Port, Tianjin Economic and Technology Development Area and Tianjin Bonded area, has attracted numerous world-famous businesses like Motorola, Toyota and Samsung. Globalization and opening up of the economy to the rest of the world have brought about remarkable benefits to the economic growth of Tianjin.

 

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

 

 

Tianjin’s nominal GDP per capita has increased by 2.6 times from 20, 133 RMB in 2001 to 52, 658 RMB in 2007. In 2004, disposable income per capita of urban citizens reached 11, 467 RMB, up 11.2% while the net income per capita of rural population reached 6, 525 RMB, up 11.3% relative to the previous year. Tianjin Municipal Party Chief Zhang Gaoli pledged at the Ninth Tianjin Party Congress that GDP per capita is targeted to grow to 8 ,000 USD by 2011.

 

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

 

 

 

Government finance revenue of Tianjin has increased by more than threefold from 16 RMB billion in 2001 to 54 RMB billion in 2007. As revenue rises, expenditure on science and technology, education, culture, health and sports following suit as well, reaching 10 billion RMB in 2004, constituting to30.7% of the city's financial expenditure. Revenue has also been used in the building of infrastructures such as new roads, new bridges and commercial houses. One of the development objectives in the 11th Five year Plan is to have financial revenue growing at the rate of 16% annually.

 

Below is the chart of Tianjin government finance revenue and trends from year 2001 - 2008:

 

Tianjin government finance revenue

 

Tianjin total investments in fixed assets have soared from 62 RMB billion in 2001 to 239 RMB billion in 2007, representing a 3.9 times surge over a period of six years. Tianjin has build up its competitive advantages in the investment landscape such as: convenient port transportation services, an open market, advanced logistic services, alluring preferential policies and having efficient government services. By the end of 2004, more than 118 countries and regions invested in Tianjin, setting up approximately 16, 000 enterprises. Currently, Tianjin is developing itself into an eco-city, thus, bringing multiple prospects for investments in fixed assets in the subsequent time periods.

 

Below is the chart of Tianjin total investments in fixed assets and trends from year 2001 - 2008:

 

 

 

 
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