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Ningxia: Market Profile

Major Economic Indicators

Economic Indicators20152016
ValueGrowth
(%, y-o-y)
ValueGrowth
(%, y-o-y)
Gross Domestic Product (RMB bn)291.18.01315.0
8.11
Per Capita GDP (RMB)43,805
6.91
Added Value Output
   Primary industry (RMB bn)23.8
4.6124.0
4.51
   Secondary industry (RMB bn)137.9
8.51147.6
7.81
   Tertiary industry (RMB bn)129.4
7.91143.4
9.11
Value-added Industrial Output2 (RMB bn)97.2
7.81104.0
7.51
Fixed-assets Investment (RMB bn)353.3
10.4
383.5
8.6
Retail Sales (RMB bn)78.9
7.1
85.0
7.7
Inflation (Consumer Price Index, %)1.1
1.5
Exports (US$ mn)2,976-30.8
2,497
-15.7
   By foreign-invested enterprises (US$ mn)261
25.9
298
14.0
Imports (US$ mn)814
-28.1
776
0.0
   By foreign-invested enterprises (US$ mn)112
-24.5149
33.5
Utilised Foreign Direct Investment (US$ mn)186
101.6
253
36.1

Notes:
1. In real terms
2. For all state-owned enterprises and other forms with annual sales over RMB20 million

Sources: Ningxia Statistical Yearbook 2016, Ningxia Statistical Bureau, China’s Customs Statistics, 12.2015, 12.2016

General Background

Ningxia has a total area of more than 66 thousand square kilometers. Its population stood at 6.68 million in 2015. The minority Hui (回) accounted for 36% of the total population. 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” (塞上江南),as well as the “oasis in a desert”. With the adoption of Western China Development programme, Ningxia has gained significant development on urbanisation and industrialisation. Yinchuan (銀川),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.

Composition of GDP (%)

 20002015
Primary15.6
8.2
Secondary41.2
47.4
     Industry32.8
33.6
Tertiary43.2
44.4

Source: Ningxia Statistical Yearbook 2016

Based 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, etc.

Output Value Share of Leading Industry Groups (2015)

 % share of value-added industrial output
Mining and washing of coal20.0
Production and supply of electric power, gas and water19.0
Manufacture of raw chemical materials and chemical products12.3
Processing of petroleum and coking8.6
Smelting and pressing of non-ferrous metals4.9
Manufacture of textile4.1
Smelting and pressing of ferrous metals3.9
Manufacture of non-metallic mineral products3.8

Source: Ningxia Statistical Yearbook 2016

Among tertiary industries, in terms of value-added, the sector of financial intermediation was the leading sector accounting for 8.8% of the GDP in 2015, followed by the sector of transport, storage and post with a share of 6.9% of GDP. The wholesale and retail sector accounted for 4.7% of the GDP.

Tourism

Ningxia’s abundant tourism resources include desert landscapes, the Yellow River civilisation, the West Xia Dynasty culture (西夏文明) and the Hui’s customs (回族風情), etc. There are two national scenic spots at Sand Lake (沙湖) and Shapotou (沙坡頭). The tourism zone at Mount Liupan (六盤山) is also famous. For cultural tourism resources, Ningxia has the Shuidonggou Relics Site (水洞溝遺址) which is a proof of the pre-historic civilisation of China; the West Xia mausoleums (西夏王陵) are grand at scale and special in architecture.

 2015% change
Number of domestic tourist (million)18.4
9.8
Number of overseas tourist (thousand)37.3
10.9

Source: Ningxia Statistical Bureau

Foreign Trade

Major exports included ferrosilicon, megnesium, cashmere sweater, and tires. Major imports were mineral products and machinery products.

Major Export Markets of Ningxia in 2015

 Amount (US$ mn)
Hong Kong
431.1
South Korea
333.4
US311.1
Japan156.7

Source: Ningxia Statistical Yearbook, 2016

Major Sources of Imports of Ningxia in 2015

 Amount (US$ mn)
Hong Kong
165.4
Germany80.4
US61.2
Italy53.4

Source: Ningxia Statistical Yearbook, 2016

Foreign Investment
In 2015, Ningxia signed 37 contracts of FDI with contracted investment amount of US$1,359 million. Utilised FDI went into Ningxia stood at US$186 million in 2015.

Chart: Utilised FDI of Ningxia
Chart: Utilised FDI of Ningxia

Hong Kong is the largest source of FDI, accounting for 86% of the province’s utilised amount of FDI in 2015.

Ningxia is planning to attract investment in the following sectors: deep processing of agricultural products, applying techniques of water-conservation irrigation, production of downstream chemical products of natural gas, etc.

Consumer Market

In 2015, annual per capita disposal income of urban households was RMB25,186 (+8.2%). Major consumer market is located in Yingchuan (銀川).

Composition of Per Capita Expenditure of Urban Household (%)

 20002015
 Food
35.725.7
 Clothing13.49.4
 Household articles9.36.2
 Healthcare, medical services7.810.6
 Transportation & communications8.9
13.2
 Recreation, cultural & education12.8
12.6
 Residence6.7
19.0

Source: Ningxia Statistical Yearbook 2016

 

Economic Indicators of Major Cities (2015)

CitiesGDP
(RMB bn)
Per Capita GDP
(RMB)
Gross Industrial Output Value#
(RMB bn)
Retail Sales
(RMB bn)

Exports
(US$ mn)

Yinchuan (銀川)149.4
 69,594
183.2
47.8
2,537
Shizuishan (石嘴山)  48.3 61,84557.89.6271

# For all state-owned enterprises and other forms with annual sales over RMB20 million
Source: Ningxia Statistical Yearbook 2016


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