Economy
In 2011, the nominal GDP of Jilin province totaled RMB 1053.1 billion (US$167.1 billion). Its GDP has been rising at a double-digit rate since 2003, growing 51 percent from 2003 to 2007. Per capita nominal GDP increased to RMB 26,289 (US$3,848) in 2009. Meanwhile, the incremental value and profit of large enterprises witnessed an increase of 19 percent and 30 percent respectively, compared with 2005 figures.
Jilin's agricultural production is centered upon rice, maize, and sorghum. Rice is mostly cultivated in the eastern parts, such as Yanbian Prefecture. The Changbai Mountains are an important source of lumber. Herding of sheep is an important activity in the western parts, such as Baicheng.
Among its natural resources, Jilin has the largest reserves of shale oil and one of the top five largest mineral reserves in all of China Compared to other provinces of China, Jilin has extensive deposits of Kieselguhr, wollastonite, floatstone, and molybdenum.
Industry in Jilin is concentrated on automobiles, train carriages, and iron alloy.
Jilin is one of the most important commodity grain bases in China. Ranked 6th in timber production Traditionally, Jilin has been known as a major pharmaceutical center, with yields of ginseng and deer antlers among the largest in China, being used extensively in Traditional Chinese medicine
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Famous quotes containing the word economy:
“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)
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