Economy
Tangshan is an important heavy industrial city in North China. Its output include machinery, motor vehicles, chemicals, textiles, glass, petroleum products, and cement. It has been a coal-mining center since late Qing Dynasty, as Guangdong merchant Tong King-sing opened the first coal mine using modern techniques in Kaiping in 1877. Since the construction of the Caofeidian Project, it has hosted large iron and steel plants, chemical projects, and electricity plants. Tangshan is also called the "porcelain capital of North China."
Modern industry in China first arose in Tangshan. The second railway in China – after the abortive Woosung Railway in Shanghai – was the six-mile track laid between Hsukochuang and Tangshan which opened in 1881; this eventually grew into the Imperial Railroad of North China and China's modern Jingshan and Jingha Railways. The first fire-resistant material manufactory and the first and largest cement manufactory were constructed in Tangshan as well.
In 2008, the GDP of Tangshan was ¥356.119 billion, ranked No. 1 among all the prefecture-level cities in Hebei Province, and No. 19 in China. GDP per capita reached ¥48,190 ($6,817).
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Famous quotes containing the word economy:
“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 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)
“War. Fighting. Men ... every man in the whole realm is in the army.... Every man in uniform ... An economy entirely geared to war ... but there is not much war ... hardly any fighting ... yet every man a soldier from birth till death ... Men ... all men for fighting ... but no war, no wars to fight ... what is it, what does it mean?””
—Doris Lessing (b. 1919)