Economy
Important crops in Guangxi include rice, maize, sweet potatoes, and wheat. Cash crops include sugar cane, peanuts, tobacco, and kenaf.
85% of the world's star anise is grown in Guangxi. It is a major ingredient in the antiviral Tamiflu.
Guangxi is one of China's key production centers for nonferrous metals. The province holds approximately 1/3 of all tin and manganese deposits in China.
Liuzhou is the main industrial center and is a major motor vehicle manufacturing center. General Motors have a manufacturing base here in a joint venture as SAIC-GM-Wuling Automobile. The city also has a large steel factory and several related industries. The local government of Guangxi hopes to expand the province's manufacturing sector, and during the drafting of China's Five Year Plan in 2011, earmarked 2.6 trillion RMB for investment in the province's Beibu Gulf Economic Zone(See Below).
In recent years Guangxi's economy has languished behind that of its wealthy neighbor and twin, Guangdong. Guangxi's 2011 nominal GDP was about 1171.4 billion yuan (US$185.9 billion) and ranked 18th in China. Its per capita GDP was 15,800 yuan (US$2,300).
Due to its lack of a major manufacturing industry in comparison to other provinces, Guangxi is the fourth most energy efficient province in China, helping to further boost its green image.
Read more about this topic: Guangxi
Famous quotes containing the word economy:
“Wise men read very sharply all your private history in your look and gait and behavior. The whole economy of nature is bent on expression. The tell-tale body is all tongues. Men are like Geneva watches with crystal faces which expose the whole movement.”
—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)
“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)