Economy
The Bohai Economic Rim has traditionally been involved in heavy industries and manufacturing. Tianjin's strengths have always been in aviation, logistics and shipping. Beijing complements this with strong petrochemical, education and R&D industries. The area is becoming a significant growth cluster for the automobile, electronics, petrochemical sectors, especially with Shenyang's automotive industry, software and aircraft, Dalian attracting foreign investments in manufacturing and Qingdao for its health services.
The Chinese central government has made it a priority to integrate all the cities in the Bohai Bay rim and foster economic development. This includes building an advanced communications network, better highways, increased education and scientific resources as well as tapping natural resources off the Bohai rim.
In recent decades, petroleum and natural gas deposits have been discovered in Bo Hai.
Read more about this topic: Bohai Economic Rim
Famous quotes containing the word economy:
“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)
“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)
“The counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)