Economy
Weifang Binhai Economic & Technological Development Area (BEDA).
Established in August 1995, Weifang Binhai Economic & Technological Development Area (BEDA) is a national economic and technological development area approved by the State Council. Covering an area of 677 km2 (261 sq mi), BEDA has a population of 100,000. BEDA possesses a large state-owned industrial land for use with an area of 400 km2 (150 sq mi). The land can be transacted conveniently which would guarantee the demand of any project construction and provide broad development space for the enterprises in the area. Continuously, BEDA has been accredited as National Demonstration Zone invigorating the Sea by Science and Technology, National Innovation Base for Rejuvenating Trade through Science and Technology and National Demonstration Eco-Industry Park.
The city is home to the large diesel engine company and factory Weichai. The village of Yangjiabu in Hanting District is famous for folk wood-block print (nianhua) and kite production.
In 1980's, a large sapphire mine has been discovered in Changle (昌乐县). According to released information, billions carats of sapphire is estimated under the 450 sqkm mine territory. It becomes one of top four sapphire mine in the world.
Read more about this topic: Wei Fang
Famous quotes containing the word economy:
“Cities need old buildings so badly it is probably impossible for vigorous streets and districts to grow without them.... for really new ideas of any kind—no matter how ultimately profitable or otherwise successful some of them might prove to be—there is no leeway for such chancy trial, error and experimentation in the high-overhead economy of new construction. Old ideas can sometimes use new buildings. New ideas must use old buildings.”
—Jane Jacobs (b. 1916)
“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)
“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)