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Heilongjiang demographic analysis and economy overview

 

Total population of Heilongjiang province has grown from 37.5 million in 1997 to 38.2 million in 2007, representing a 1.9% growth over the years. The total population has remained relatively constant from 2001 to 2007. The Han Chinese constitutes to the largest proportion of the population, while the Manchu forms the largest portion of the minorities in the province.

 

Below is the chart of Heilongjiang total population and trends from year 1997 - 2009:

 

 

 

Heilongjiang’s economy has been on a upward trend. Nominal GDP has climbed from 270.8 RMB billion in 1997 to 706.5 million in 2007, reflecting a 2.6 times increase over a period of ten years. In 2005, total foreign trade volume of Heilongjiang province reached USD 9.57 billion, up by 40.9% relative to the previous year. Foreign investments realized in monetary terms has amounted to US$1.52 billion- an increase of 5.3% from 2004.

 

Below is the chart of nominal GDP and trends of Heilongjiang province from year 1997 - 2009:

 

 

GDP per capita of Heilongjiang province has increased from 7, 200 RMB in 1997 to 18, 500 RMB in 2007, reflecting a 2.6 times growth over the years. In 2005, disposable income per capita of urban residents reached 8, 273 RMB, an increase of 10.7% relative to the previous year. This is largely due to the growth in wages, business income and income derived from properties. Similarly, the net income per capita of rural residents has increased by 7.2% to 3, 200 RMB in 2005.

 

Below is the chart of Heilongjiang nominal GDP per capita and trends from year 1997 - 2009:

 

 

The manufacturing sector constitutes to the largest portion to the total GDP of Heilongjiang province. In 2007, the manufacturing sector makes up 47% of the total GDP. Major industries of the province includes: assembling, petrol-chemistry, energy, food, pharmaceutical and wood processing industries. Heilongjiang is home to China’s largest oil field- the Daqing Oil Field. Subsequently, the service industries form 35% of the GDP while the agriculture sector makes up 13% of the total GDP. The province is also the nation’s largest producer of soybeans.

 

Below is the chart of Heilongjiang GDP by agricultural sector, manufacturing sector, construction sector and service sector for the year 2009:

 

Heilongjiang GDP by industry

 

Heilongjiang’s total investments in fixed assets have surged from 67 RMB billion in 1997 to 283 RMB billion In 2007, reflecting a 4.2 times leap over a period of ten years. Heilongjiang has reaped tremendous benefits from strategies of revitalizing Northeast China’s traditional industry bases. The province has also encouraged both foreign and private investors so as to attract more capital flow.  One such measure is to improve its market, legal and service environment so as to protect investors' legal rights. In 2005, 23 of the Fortune World Top 500 businesses have invested in Heilongjiang province.

 

Below is the chart of Heilongjiang total investment in fixed assets and trends from year 1997 - 2009:

 

 

 

 

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