| Market Profiles on Chinese Cities and Provinces |
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12.2007 NINGXIA HUI AUTONOMOUS REGIONMajor Economic Indicators
Notes: 1 In real terms 2 For all state-owned enterprises and other forms with annual sales over RMB 5 million General Background Ningxia has a total area of more than 66 thousand square kilometers. Its population stood at 6 million in 2006. It is located in China's north-west, linking the west region and the desert in the north. Thanks to the irrigation provided by Yellow River, Ningxia has a well developed agricultural sector which gained Ningxia a renowned reputation of "Jiangnan beyond the Great Wall", as well as the "oasis in a desert". With the adoption of Western China Development programme, Ningxia has gained significant development on urbanization and industrialization. Yinchuan, the capital city, is a major city with multi-purpose functions in the north-west of China. Industries Ningxia has strong advantages in agriculture development: there are 19 million hectares of arable land, with 3.5 hectares per capita. With 10.7 million hectares of barren land ready to be cultivated, Ningxia is one of the 8 provinces having over 10 million hectares of barren land waiting for cultivation. It is also one of the ten pastoral areas in China. In 2006, the value-added of primary industry increased by 11.1%, among the highest in China. Composition of GDP (%)
Source: Ningxia Statistical Yearbook 2007 Baced on the advantages on resources such as coal, petroleum, gypsum, natural gas, wool and so on, Ningxia has established an industrial system leaded by coal industry, metallurgical industry, chemical industry and wool textile industry ect. Output Value Share of Leading Industry Groups (2006)
Source: Ningxia Statistical Yearbook 2007 Among tertiary industries, in terms of value-added, the sector of transportation, strorage and post services was the leading sector accounting for 10.1% of the GDP in 2006, followed by the sector of wholesale and retail trade with a share of 7.4% of GDP. Tourism Ningxia's abundant tourism resources include desert landscapes, the Yellow River civilization, the West Xia Dynasty culture and the Hui's customs etc. There are two national scenic spots at Sand Lake and Shapotou. The tourism zone at Mount Liupan is also famous. For cultural tourism resources, Ningxia has the Shuidonggou Relics Site which is a proof of the prihistoric civilization of China; the West Xia mausoleums are grand at scale and special in architecture.
Source: www.nxnet.cn Foreign Trade Major exports included ferrosilicon, megnesium, cashmere sweater, high purity silver. Major imports were minaral products and machinery products. Major Export Markets of Ningxia in 2006
Source: Ningxia Statistical Yearbook, 2007
Source: Ningxia Statistical Yearbook, 2007 Foreign Investment In 2006, Ningxia signed 19 contracts of FDI with contracted investment amount of US$62.4 million. Utilized FDI went into Ningxia reached US$37.2 million. Hong Kong is the largest source of FDI, accounting for about 1/4 of the province¡¦s contracted amount of FDI in 2006. Other major FDI sources included Canada and Japan. Ningxia is planning to attract investment in the following sectors: deep processing of agricultural products, applying techniques of water-conservation irrrigation, production of downstream chemical products of natural gas, highway passenger transportation etc. Consumer Market In 2006, retail sales of consumer goods rose by 14.1% to RMB20 billion and annual per capita disposal income of urban households was RMB9,177 (+13.4%). Major consumer markets are located in Yingchuan and Shizuishan. The combinated retail sales of consumer goods of these two cities took up 60% of Ningxia¡¦s total. Composition of Per Capita Expenditure of Urban Household (%)
Source: Ningxia Statistical Yearbook 2007 According to studies conducted by CHINAIRN, the top three biggest increases in retail sales were recorded in: audio-video equipments (+58.7%); books, newspapers and magazines (+49.2%); telecommunication appliances (+38.3%). Major department stores and shopping centers in Ningxia include Yinchuan Xinhua Department Store, Gome , Hualian. In recent years, foreign retailors began to operate business in Yinchuan, e.g. Carrefour. Economic Indicators of Major Cities (2006)
Notes: # For all state-owned enterprises and other forms with annual sales over RMB 5 million | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
