Economy
Agriculture in Anhui varies according to the climate zones that the province crosses. North of the Huai He river wheat and sweet potatoes are grown, while south of the Huai He it is rice and wheat instead.
Natural resources of Anhui include iron in Ma'anshan, coal in Huainan, and copper in Tongling. There are industries related to these natural resources (e.g. steel industry at Ma'anshan). One of the famous Anhui-based corporations is the automobile company Chery, which is based in Wuhu.
Compared to its more successful neighbours to the east, Zhejiang and Jiangsu, Anhui has lagged markedly behind in economic development, with a GDP per capita around one third the level of those two provinces. There is great regional disparity as well, and most of the wealth is concentrated in industrial regions close to the Yangtze River, such as Hefei, Wuhu, and Ma'anshan.
Anhui's nominal GDP for 2011 was approximately 1.51 trillion yuan (US$239.8 billion), up 12.9% from 2008 and a per capita of 16,391 yuan (US$2,400). It is considered a mid-size economy in terms of economic output. Anhui's GDP is largely driven by fixed-asset investment, and the province's GDP to FAI ratio as of 2009 was 0.89, the highest in China.
Anhui's largest companies include Anhui Conch Cement Company, a producer and distributor of cement, Guoyang Securities Co (SHE: 000728), a financial services provider, and Ma’anshan Iron & Steel, a producer of steel and iron.
Read more about this topic: Anhui
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—Ralph Waldo Emerson (1803–1882)
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)