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Jiangxi demographic analysis and economy overview

 

Total population of Jiangxi province has grown from 41.5 million in 1997 to 43.7 million in 2007, reflecting a 5.3% growth over a period of ten years. There are are 38 ethnic groups in Jiangxi province, of which the Han Chinese forms the largest group, accounting for 99% of the province's population. Major minority ethnic groups include the Hui, She, Zhuang, Manchu, Miao, Mongolian, Dong etc, with the Hui and She constituting to larger populations.

 

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

 

 

 

Jiangxi’s economy has been developing rapidly. Nominal GDP of Jiangxi province has increased by 3.2 times from 171.5 RMB billion in 1997 to 550 RMB billion in 2007. Jiangxi’s strategies are to apply scientific outlook on development, place heavy emphasis on innovations and opening its economy by establishing increasing number of new businesses. In 2005, fiscal revenue has reached 42.6 RMB billion. In 2006, total imports and exports have grown by 48.2%.

 

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

 

 

Standard of living of the population has shown tremendous progress. Nominal GDP per capita of Jiangxi province has tripled from 4, 1 33 RMB in 1997 to 12, 592 RMB in 2007. In 2005, the disposable income per capita of urban residents reached 8, 600 RMB, up by 14% from 2004, while rural residents' net income per capita is 3, 300 RMB, up 10.6% from the previous year.

 

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

 

 

In 2007, the manufacturing sector constitutes to 41% of the total GDP of the province. Jiangxi’s pillar industries consists of automobile and aviation, precision Instrument, metallurgy, pharmaceutical, electronic information and electrical appliances, food processing, chemicals and new construction materials industries. 32% of the GDP is derived from service industries, while 17% is derived from agricultural sectors. Banking, insurance and real estate are the key service industries in Jiangxi province. Grain, oil plant, vegetable, live pig, tangerine, navel orange and freshwater fish are the major farm products produced.

 

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

 

Jiangxi GDP by industry

 

Total investments in fixed assets of Jiangxi province has leaped from 33 RMB billion in 1997 to 330 RMB billion in 2007, reflecting a remarkable ten times increase over a period of ten years. Investments are mainly in the manufacturing and real estate sectors. These investments are mainly derived from Taiwan, Singapore and Japan. The province is seeking increasing investments in infrastructure, food products and financial services sectors, thus, bringing opportunities for investors to invest in Jiangxi province. Nanchang- capital of Jiangxi province has been one of the major choices of investments in Jiangxi. This is because Nanchang has an abundant supply of manpower resources, low costs, ample water and electricity supply and mature transport networks.

 

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

 

 

 

 

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