Economy
Due to its location, Golmud abounds with natural resources from nearby salt lakes. Thus, industries involving salt lake chemicals have sprung up. Qarham Salt Lake to the northeast of Golmud proper boasts an area of 5,856 km², making it the biggest inland salt lake in the world. Qarham Salt Lake resources are estimated to be worth over 15 trillion yuan. The lake is also China's largest production base for potassium, magnesium, and salt. Golmud also possesses natural gas reserves of 1 trillion m³ plus over 50 varieties of minerals like gold, copper, jade and precious stones, lead, and zinc. Other important industries in Golmud include petrochemicals, oil refineries, and gas fields. Statistics for 2001 show that the city's nominal GDP totalled 2.213 billion yuan, a rise of 31.9% from the previous year and the highest growth rate since 1990. The Golmud Kunlun Economic Development Zone, which consists of an area of 28 km², was built in 1992. Golmud is planned to become "China's Salt Lake City".
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Famous quotes containing the word economy:
“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)
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)