| Market Profiles on Chinese Cities and Provinces |
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12.2007 ANHUI PROVINCEMajor 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 Anhui has a total area of 139,427 square kilometers. Total population stood at 61.1 million in 2006. It lies in the hinterland of Yangtze River Delta. Among many rivers and lakes in Anhui, Chaohu Lake is one of the five great freshwater lakes in China, with an area of 800 square kilometers. The land in Anhui Province is very fertile and suitable for various kinds of crops. The province is also rich in mineral resources. There are 138 kinds of minerals which have already been identified. Among them, 38 kinds rank the top 10 in the whole country, and coal, iron, copper, sulphur and alunite are regarded as the five major minerals. During the 9th five-year programme, Anhui succeed in transforming its economic structure with the share of tertiary in GDP surpassed that of primary. In Anhui’s 11th five-year programme, it will continue to push forward economic reform, aiming to achieve an average annual growth rate above 10%. Industries In the past ten years, tertiary developed rapidly, replacing the primary to be the 2nd largest industry. In terms of composition of the tertiary industry, education and real estate are the two leading sectors, accounting for 10.3% and 10.0% respectively of the tertiary output. Composition of GDP (%)
Source: Anhui Statistical Yearbook 2007 Anhui’s industry is dominated by heavy industry, which accounted for 71.1% of the total value-added industrial output in 2006. Value-added Share of Leading Industry Groups (2006)
Source: Anhui Statistical Yearbook 2007 Tourism Anhui has abundant tourism resources. It has 10 state-level scenic spots, including Yellow Mountain, Jiuhua Mountain, Tianzhu Mountain, Langya Mountain, etc. There are not only beautiful natural sceneries, but also cultural relics relating to Buddhism and Taoism. The local Hui culture are time-honored. In 2006, Anhui received 61.6 million (+31%) domestic tourists with tourism receipts of RMB38.8 billion (+34%). It also attracted 526 thousand (+28%) overseas tourists with the foreign exchange revenue of US$226.7 million (+22%). The total number of tourist from Hong Kong, Macao and Taiwan increased by 25% to 278 thousand. Foreign Trade Major exports included mechanical & electrical products, spinning & fabric & related products, land vehicles. Major imports were metal ore & metal waste material, special industrial machinery, etc. Major import sources were Chile, Australia, Japan and Germany. Major Export Markets of Anhui (2006)
Source: Anhui Statistical Yearbook, 2007 Foreign Investment In recent years, Anhui has performed very well in attracting FDI. Both the contracted amount and utilised amount of FDI grew at fast pace. Its utilised FDI grew by 190% in 2006 after growing at 102% in 2005. In 2006, FDI mainly went the manufacturing and real estate sectors, accounting for 57% and 15% of the total utilised FDI respectively. Hong Kong is the largest source of foreign direct investment in Anhui. In 2006, Hong Kong investors signed 255 contracts (43% of the total) with contracted amount of US$1,333 million (53% of the total). The actual investment from Hong Kong amounted to US$700 million in 2006, more than half of the total. Other major investors came from Taiwan and the US. Consumer Market In 2006, retail sales of consumer goods rose by 15.0% to RMB202.9 billion. Major consumer markets are located in Hefei, Anqing and Wuhu. In 2006, annual per capita disposal income of urban households reached RMB9,771 (+15.3%). Composition of Per Capita Expenditure of Urban Household (%)
Source: Anhui Statistical Yearbook 2007 Increasing income transforms the consumer expenditure structure with a smaller share on food but a bigger share on services. The retail landscape is also changing with the uprising of various forms of chain stores, supermarkets, hypermarkets and convenience stores. Major retail operators include Beijing Gome, Wal-mart, Carrefour etc. and Joymart is one of the successful local operators. Economic Indicators of Major Cities (2006)
Notes: # For all state-owned enterprises and other forms with annual sales over RMB 5 million | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
