Economy
See also: Economy of the People's Republic of ChinaOrdos is one of the richest regions of China. With a nominal per-capita GDP of US$14,500 in 2008, it is ranked ahead of the capital city of China, Beijing. It is extremely rich in natural resources, having one sixth of the coal reserve in China. The pillars of its economy are textile (wool), coal mining, petrochemicals, electricity generation and production of building materials.
Read more about this topic: Ordos City
Famous quotes containing the word economy:
“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)
“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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)