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Qinghai demographic analysis and economy overview
Qinghai is the fourth largest province in China.
Total population has grown from 5 million in 1997 to
5.5 million in 2007, representing a 10% increase
over a period of ten years. There are 43 ethnic
groups in Qinghai Province accounting for 42.8% of
the total provincial population. The minorities
include: Tibetan, Hui, Tu, Shala, Mongolia etc.
Below is the chart of Qinghai total population and trends from year 1997 - 2008:
Although Qinghai is one of the poorest provinces in
China, nominal GDP of the province has risen from
20.2 RMB billion in 1997 to 78.4 RMB billion,
reflecting a 3.9 times increase over the years. In
2006, the Qinghai’s total exports and imports
reached US$0.6 billion, up 57.7% from the previous
year. In 2007, retail sales of consumer goods
reached 20.8 RMB billion- an increase of 15.7%.
Resource management has also witnessed significant
progress. Nominal GDP is expected to continue its
upward trend as the government has been putting
heavy emphasis in the development of the western
provinces.
Below is the chart of nominal GDP and trends of Qinghai province from year 1997 - 2008:
Living standards
have seen notable improvement judging from the rise in both nominal GDP per
capita and income of the population. Nominal GDP per capita of Qinghai
province has climbed from 4, 070 RMB in 1997 to 14, 200 RMB in 2007,
representing a 3.5 times increase over the years. In 2005, disposable income
per capita of urban residents was 8, 060 RMB- an increase of 10.1% from the
previous year, while rural residents' net income per capita was 2,170 RMB, a
growth of 8.0% from 2004.
Below is the chart of Qinghai nominal GDP per capita and trends from year 1997 - 2008:
Qinghai’s
manufacturing sector places a major proportion in the provincial GDP,
constituting 44% in total. Its pillar industries include: petroleum and
natural gas, hydropower, nonferrous metal and saline chemical industries.
The service sector contributes 36% to the GDP, while the agricultural sector
contributes 11%. Qinghai is an important producer of medicinal materials.
The province also produces wheat, potatoes and broad beans. The construction
sector contributes the least to the economy with a 9% in proportion.
Below is the chart of Qinghai GDP by agricultural sector, manufacturing sector, construction sector
and service sector for the year 2008:
Total investments
in fixed assets of Qinghai has increased by 5.3 times from 9 RMB billion in
1997 to 48 RMB billion in 2007. Most of the investments are diverted to
industries such as production and supply of electricity, gas and water,
manufacturing, transport, postal and storage, mining and real estate
industries. Hong Kong, US and Virgin Islands are the major sources of
foreign investments in the province. In 2009, the provincial government has
announced that large-scale natural resource projects would be made available
for investors. Besides, housing sectors brings about room for development,
thus brining opportunities for would- be investors.
Below is the chart of Qinghai total investment in fixed assets and trends from year 1997 - 2008:
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