Economy
Guangzhou is the main manufacturing hub of the Pearl River Delta, one of mainland China's leading commercial and manufacturing regions. In 2009, the GDP reached ¥911.28 billion (US $133.5 billion), per capita was ¥89,498 (US $13,111).
The China Import and Export Fair, also called "Canton Fair", is held every year in April and October by Ministry of Trading. Inaugurated in the spring of 1957, the Fair is a major event for the city. From the 104th session, Liuhua Complex is not in use to hold Canton Fair. All the booths have been transferred to Pazhou Complex. From the 104th session, Canton Fair has been arranged in 3 phases instead of 2 phases.
Read more about this topic: Guangzhou
Famous quotes containing the word economy:
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)