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Ningxia: Market Profile

Major Economic Indicators

Economic Indicators20162017
ValueGrowth
(%, y-o-y)
ValueGrowth
(%, y-o-y)
Gross Domestic Product (RMB bn)316.98.21345.47.81
Per Capita GDP (RMB)47,1947.11
Added Value Output
   Primary industry (RMB bn)24.21.6126.14.31
   Secondary industry (RMB bn)148.86.91158.17.01
   Tertiary industry (RMB bn)143.910.81161.29.21
Value-added Industrial Output2 (RMB bn)104.07.518.61
Fixed-assets Investment (RMB bn)357.58.6372.54.2
Retail Sales (RMB bn)85.07.793.09.5
Inflation (Consumer Price Index, %)1.51.6
Exports (US$ mn)2,497-15.73,65146.8
   By foreign-invested enterprises (US$ mn)29814.036322.1
Imports (US$ mn)776
0.01,386
80.9
   By foreign-invested enterprises (US$ mn)14933.527382.6
Utilised Foreign Direct Investment (US$ mn)25436.131122.8

Notes:
1 In real terms 
2 For all state-owned enterprises and other forms with annual sales over RMB20 million
Sources: Ningxia Statistical Yearbook 2017, Ningxia Statistical Bureau, China’s Customs Statistics, 12.2016, 12.2017

General Background

Ningxia is located in China’s north-west, linking the west region and the desert in the north. It has a total area of more than 66,400 sq km. Its population stood at 6.75 million in 2016. The minority Hui (回) accounted for 36% of the total population.

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 with 1.29 million hectares of cultivated land. Per capita output of grain ranked seventh in China. It is also one of the ten pastoral areas in China, with 2.09 million hectares of grassland.

Composition of GDP (%)

 20002016
Primary15.6
7.6
Secondary41.2
47.0
     Industry32.8
33.3
Tertiary43.2
45.4

Source: Ningxia Statistical Yearbook 2017

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 (2016)

 % share of value-added industrial output
Mining and washing of coal20.3
Production and supply of electric power, gas and water18.6
Processing of petroleum and coking11.9
Manufacture of raw chemical materials and chemical products11.8
Manufacture of food and beverages5.3
Manufacture of textile5.0
Smelting and pressing of non-ferrous metals4.2
Manufacture of non-metallic mineral products3.4

Source: Ningxia Statistical Yearbook 2017

Among tertiary industries, in terms of value-added, the sector of financial intermediation was the leading sector accounting for 9% of the GDP in 2016, followed by the sector of transport, storage and post with a share of 6.5% of GDP. The wholesale and retail sector accounted for 4.6% 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.

 2016% change
Number of domestic tourist (million)21.517.1
Number of overseas tourist (thousand)51.237.1

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 2016

 Amount (US$ mn)
US312.8
Hong Kong275.6
Japan184.9
India141.6
South Korea127.4

Source: Ningxia Statistical Yearbook 2017

Major Sources of Imports of Ningxia in 2016

 Amount (US$ mn)
Russia167.0
South Africa74.1
Ghana73.0
Japan55.2
Hong Kong45.3

Source: Ningxia Statistical Yearbook 2017

Foreign Investment

In 2016, Ningxia signed 29 contracts of FDI with contracted investment amount of US$565 million. Utilised FDI went into Ningxia stood at US$254 million in 2016.

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

Hong Kong is the largest source of FDI, accounting for 45% of the province’s utilised amount of FDI in 2016.

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 2016, annual per capita disposal income of urban households was RMB27,153 (+7.8%). Major consumer market is located in Yingchuan (銀川).

Composition of Per Capita Expenditure of Urban Household (%)

 20002016
 Food
35.724.0
 Clothing13.48.5
 Household articles9.36.1
 Healthcare, medical services7.89.2
 Transportation & communications8.9
19.1
 Recreation, cultural & education12.8
11.9
 Residence6.7
18.5

Source: Ningxia Statistical Yearbook 2017

Economic Indicators of Major Cities (2016)

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

Exports
(US$ mn)

Yinchuan (銀川)161.874,288192.851.41,975
Shizuishan (石嘴山) 51.464,88065.110.2238

# For all state-owned enterprises and other forms with annual sales over RMB20 million
Source: Ningxia Statistical Yearbook 2017


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