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Wuhan demographic analysis and economy overview
Total population of Wuhan (capital of Hubei
Province) has grown from 7.6 million in 2001 to 8.3
million in 2007, representing a 9.2% growth over a
period of six years. However, Wuhan is currently
facing the concern on aging population, in
addition, it is striving for a reasonable balance
in the proportion between the newborn baby boys and
girls.
Below is the chart of Wuhan total population and trends from year 2001 - 2008:
Wuhan’s economy represents around 1% of Chinese
economic activity, and is one of the most important
industrial cities in China. Nominal GDP has
increased by 2.3 times from 134.8 RMB billion in
2001 to 314.2 RMB billion in 2007. The fastest
growth occurred in 2007 with a rate of 21% relative
to the previous years. There are three state-level
economic and technological development zones in
Wuhan. The East Lake Hi-Tech Development Zone focus
on optical and electronic communications,
bioengineering, material research and laser
technologies, while the Wuhan Economic and
Technological Development Zone emphasizes on the
production of automobiles and spare parts, food and
beverages. Similarly, Wujiashan State-Level Industry
Development Park puts emphasis on food and
beverages; in addition, it also focuses on
agricultural products for further processing, and
bioengineering. Together, these three Development
Zones in Wuhan play a critical role in its
development and growth.
Below is the chart of nominal GDP and trends of Wuhan city from year 2001 - 2008:
Wuhan’s nominal
GDP per capita has doubled from 17, 776 RMB in 2001 to 37, 936 RMB in 2007.
In 2007, the disposable income per capita of urban population and net income
per capita of rural people increased by 16.2% and 13.1%, respectively. GDP
per capita is expected to continue to rise as Wuhan’s GDP is expected to
break the 400 billion RMB mark in 2009.
Below is the chart of Wuhan nominal GDP per capita and trends from year 2001 - 2008:
Wuhan’s
government finance revenue has jumped from 9 RMB billion in 2001 to 22 RMB
billion in 2007, representing a 2.4 times increase over a period of six
years. With economic growth, tax revenues from various sources such as
personal income tax and corporate income tax have increase as well.
Below is the chart of Wuhan government finance revenue and trends from year 2001 - 2008:
Wuhan’s total
investments in fixed assets have surged by 3.5 times from 49 RMB billion in
2001 to 173 RMB billion in 2007. Targeted industries in Wuhan include:
optic-electronic information, automobile and steel production, biological
engineering and pharmaceuticals, and environmental protection. Furthermore,
the central government has made policies spurring investments in both the
software and integrated circuit industries. Various incentives have been put
in place to attract investors from all over the world. Such incentives
include: exemption from corporate income tax, corporate income tax holiday,
exemption from withholding tax, exemptions from value-added taxes etc.
Below is the chart of Wuhan total investments in fixed assets and trends from year 2001 - 2008:
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