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Ningxia: Market Profile

Major Economic Indicators

Economic Indicators20172018
ValueGrowth
(%, y-o-y)
ValueGrowth
(%, y-o-y)
Gross Domestic Product (RMB bn)345.47.81370.5
7.01
Per Capita GDP (RMB)50,9176.7154,0946.01
Added Value Output
   Primary industry (RMB bn)26.14.3128.0
4.01
   Secondary industry (RMB bn)158.17.01165.0
6.81
   Tertiary industry (RMB bn)161.29.21177.5
7.71
Value-added Industrial Output2 (RMB bn)8.618.31
Fixed-assets Investment (RMB bn)372.54.2-18.9
Retail Sales (RMB bn)93.09.54.8
Inflation (Consumer Price Index, %)1.62.3
Exports (US$ mn)3,65146.82,739
-25.0
   By foreign-invested enterprises (US$ mn)36322.1362
-0.3
Imports (US$ mn)1,38680.91,042
-24.9
   By foreign-invested enterprises (US$ mn)27382.6343
25.2
Utilised Foreign Direct Investment (US$ mn)31122.8214-31.1

Notes:
1 In real terms 2 For all state-owned enterprises and other forms with annual sales over RMB20 million
Sources: Ningxia Statistical Yearbook 2018, Ningxia Statistical Bureau, China Customs

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 6.82 million in 2017. 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 (%)

 20002017
Primary15.6
7.3
Secondary41.2
45.9
     Industry32.8
31.8
Tertiary43.2
46.8

Source: Ningxia Statistical Yearbook 2018

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.

Leading Industry Groups (2017)

 % share of revenue from principal business
Production and Supply of Electric Power Heat Power
17.7
Processing of Petroleum, Coal and other Fuels
15.7
Manufacture of Raw Chemical Materials and Chemical Products12.4
Smelting and Pressing of Ferrous Metals9.9
Mining and Washing of Coal9.5
Smelting and Pressing of Non-Ferrous Metals6.8
Manufacture of Foods3.8
Manufacture of Non-metallic Mineral Products3.7
Manufacture of Textile3.5
Processing of Food from Agricultural Products2.8

Source: Ningxia Statistical Yearbook 2018

Among tertiary industries, in terms of value-added, the sector of financial intermediation was the leading sector accounting for 9% of the GDP in 2017, followed by the sector of transport, storage and post with a share of 5.8% 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.

 2017% change
Number of domestic tourist (million)30.821.6
Number of overseas tourist (thousand)65.3
27.6

Source: Ningxia Hui Autonomous Region Department of Culture and Tourism

Foreign Trade

Major exports included manganese, ferrosilicon, magnesium and cashmere sweater. Major imports were mineral products and machinery products.

Major Export Markets of Ningxia in 2017

 Amount (US$ mn)
US670.3
Hong Kong423.2
South Korea229.5
Japan192.3
India173.7

Source: Ningxia Statistical Yearbook 2018

Major Sources of Imports of Ningxia in 2017

 Amount (US$ mn)
Hong Kong282.6
South Korea212.6
Russia128.4
Japan109.3
South Africa
89.0

Source: Ningxia Statistical Yearbook 2018

Foreign Investment

In 2017, Ningxia signed 24 contracts of FDI with contracted investment amount of US$2.54 billion. Utilised FDI went into Ningxia stood at US$311 million in 2017.

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

Hong Kong is the largest source of FDI, accounting for 72% of the province’s utilised amount of FDI in 2017.

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 2017, annual per capita disposal income of urban households was RMB29,472 (+8.5%). Major consumer market is located in Yingchuan (銀川).

Composition of Per Capita Expenditure of Urban Household (%)

 20002017
 Food
35.724.5
 Clothing13.48.7
 Household articles9.36.2
 Healthcare, medical services7.89.6
 Transportation & communications8.9
17.2
 Recreation, cultural & education12.8
13.0
 Residence6.7
18.2

Source: Ningxia Statistical Yearbook 2018

Economic Indicators of Major Cities (2017)

CitiesGDP
(RMB bn)
Per Capita GDP
(RMB)
Revenue from Principal Business#
(RMB bn)
Retail Sales
(RMB bn)

Exports
(US$ mn)

Yinchuan (銀川)180.381,660191.356.21,960
Shizuishan (石嘴山) 53.566,95666.311.1249

# For all state-owned enterprises and other forms with annual sales over RMB20 million
Source: Ningxia Statistical Yearbook 2018


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