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.
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Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
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—Calvin Coolidge (1872–1933)