Ma'anshan - Economy

Economy

The main industry is the steel industry (MaGang) which employs much of the workforce of Ma'anshan.

At present (2005) major expansions of the steel plant are underway to increase production drastically. With the advanced manufacturing infrastructure and fast transportation link, Ma'anshan has received much investment in many industries.

Ma'anshan city has an annual manufacture investment ranking No.1 in Anhui Province and her GDP ranks No.4 in Anhui Province after Hefei, Anqing and Wuhu. Ma'anshan's population ranks No.16 in the province and has a GDP per capita of US$7,118 which is No.1 in Anhui Province and near the average of Yangtze River Delta.

Communications have also help boost Ma'anshan economy and industry to well above the national average: the deep water river port of Ma'anshan, with custom offices ensures fast and inexpensive transportation to other cities both in the East coast, and the inner cities along the Yangtze River. Nanjing Lukou International Airport is 40 km from Ma'anshan, with direct flights to every corner of China and also daily flights to Europe. By road, Ma'anshan is connected with highways to Nanjing, Shanghai, Hangzhou, Ningbo, Hefei and Wuhu.

Maanshan has been identified by the Economist Intelligence Unit in the November 2010 Access China White Paper as a member of the CHAMPS (Chongqing, Hefei, Anshan, Ma'anshan, Pingdingshan and Shenyang), an economic profile of the top 20 emerging cities in China.

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