7 Jan 2013
Ningxia: Market Profile
Major Economic Indicators
| Economic Indicators | 2011 | Jan - Oct 2012 | ||
| Value | Growth (%, y-o-y) |
Value | Growth (%, y-o-y) |
|
| Gross Domestic Product (RMB bn) | 210.2 | 12.1 1 | 160.6 3 | 11.0 1 |
| Per Capita GDP (RMB) | 33,043 | 23.0 | ||
| Added Value Output | ||||
| - Primary industry (RMB bn) | 18.4 | 5.1 1 | 13.2 3 | 4.7 1 |
| - Secondary industry (RMB bn) | 105.6 | 17.6 1 | 82.6 3 | 13.2 1 |
| - Tertiary industry (RMB bn) | 86.2 | 7.2 1 | 64.8 3 | 9.1 1 |
| Value-added Industrial Output 2 (RMB bn) | 72.4 | 18.1 1 | 64.8 | 13.1 1 |
| Fixed-assets Investment (RMB bn) | 164.8 | 30.8 | 168.8 | 27.5 |
| Retail Sales (RMB bn) | 47.8 | 18.3 | 45.1 | 14.9 |
| Inflation (Consumer Price Index, %) | 6.3 | 1.8 | ||
| Exports (US$ mn) | 1,599 | 36.7 | 1,382 | 9.0 |
| - By FIEs (US$ mn) | 224 | 50.1 | 188 | 7.8 |
| Imports (US$ mn) | 686 | -13.1 | 516 | -10.3 |
| - By FIEs (US$ mn) | 177 | 2.6 | 91 | -40.5 |
| Utilized Foreign Direct Investment (US$ mn) | 202 | 149.7 | 167 | -14.8 |
Notes: 1 In real terms 2 For all state-owned enterprises and other forms with annual sales over RMB20 million
3 Jan- Sep 2012
Sources: Ningxia Statistical Yearbook 2012, Ningxia Statistical Bureau, China’s Customs Statistics, 12.2011, 10.2012
General Background
Ningxia has a total area of more than 66 thousand square kilometers. Its population stood at 6.39 million in 2011. 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 urbanization and industrialization. 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. In 2011, the value-added of primary industry increased by 5.1%.
Composition of GDP (%)
| 2000 | 2011 | |
| Primary | 15.6 | 8.8 |
| Secondary | 41.2 | 50.2 |
| Industry | 32.8 | 38.8 |
| Tertiary | 43.2 | 41.0 |
Source: Ningxia Statistical Yearbook 2012
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 (2011)
| % share of gross industrial output | |
| Production and supply of electric power, gas and water | 20.9 |
| Mining and washing of coal | 15.1 |
| Smelting and pressing of non-ferrous metals | 11.1 |
| Manufacture of raw chemical materials and chemical products | 9.5 |
| Smelting and pressing of ferrous metals | 8.6 |
| Processing of petroleum and coking | 7.8 |
| Manufacture of non-metallic mineral products | 4.6 |
Source: Ningxia Statistical Yearbook 2012
Among tertiary industries, in terms of value-added, the sector of transport, storage and post was the leading sector accounting for 8.3% of the GDP in 2011, followed by the financial with a share of 6.4% of GDP. The wholesale and retail sector accounted for 5.2% of the GDP.
Tourism
Ningxia’s abundant tourism resources include desert landscapes, the Yellow River civilization, the West Xia Dynasty culture (西夏文明) and the Hui’s customs (回族風情) ect. 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 civilization of China; the West Xia mausoleums (西夏王陵) are grand at scale and special in architecture.
| 2011 | % change | |
| Number of domestic tourist (million) | 11.7 | 14.6 |
| Income generated (RMB bn) | 8.4 | 24.6 |
| Number of overseas tourist (thousand) | 19.5 | 8.3 |
| Foreign exchange income (RMB mn) | 40.3 | -1.0 |
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 2011
| Amount (US$ mn) | |
| US | 273 |
| Japan | 231 |
| India | 137 |
| Italy | 77 |
Source: Ningxia Statistical Yearbook, 2012
Major Sources of Imports of Ningxia in 2011
| Amount (US$ mn) | |
| Japan | 140 |
| Germany | 84 |
| Australia | 69 |
| Malaysia | 69 |
Source: Ningxia Statistical Yearbook, 2012
Foreign Investment
In 2011, Ningxia signed 15 contracts of FDI with contracted investment amount of US$384 million. Utilized FDI went into Ningxia reached US$202 million.
Hong Kong is the largest source of FDI, accounting for 90% of the province’s utilised amount of FDI in 2011.
Ningxia is planning to attract investment in the following sectors: deep processing of agricultural products, applying techniques of water-conservation irrigation, production of downstream chemical products of natural gas, highway passenger transportation etc.
Consumer Market
In 2011, annual per capita disposal income of urban households was RMB17,579 (+14.6%). Major consumer markets are located in Yingchuan (銀川) and Shizuishan (石嘴山). The combined retail sales of consumer goods of these two cities took up 71% of Ningxia’s total in 2011.
Composition of Per Capita Expenditure of Urban Household (%)
| 2000 | 2011 | |
| Food | 35.7 | 34.8 |
| Clothing | 13.4 | 13.2 |
| Household articles | 9.3 | 6.9 |
| Healthcare, medical services | 7.8 | 7.6 |
| Transportation & communications | 8.9 | 12.7 |
| Recreation, cultural & education | 12.8 | 11.2 |
| Residence | 6.7 | 9.7 |
Source: Ningxia Statistical Yearbook 2012
Major department stores and shopping centres in Ningxia include Yinchuan Xinhua Department Store (銀川新華百貨), Gome (國美) , Hualian (華聯). In recent years, foreign retailors began to operate business in Yinchuan, e.g. Carrefour.
Economic Indicators of Major Cities (2011)
| Cities | GDP (RMB bn) |
Per capita GDP (RMB) | Gross Industrial Output Value# (RMB bn) |
Retail Sales (RMB bn) |
Exports (US$ mn) |
| Yinchuan 銀川 | 60.7 | 46,472 | 100.3 | 27.4 | 997 |
| Shizuishan 石嘴山 | 26.8 | 56,202 | 50.2 | 6.7 | 503 |
Notes: # For all state-owned enterprises and other forms with annual sales over RMB20 million
Source: Ningxia Statistical Yearbook 2012
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