Economy
The city is the second largest economy in Anhui province, after Hefei. In 2011, Wuhu’s GDP reached RMB 165.8 billion, an increase of 16.0% over the previous year. Its per capita GDP was RMB 47,028, with a year-on-year rise of 15.3%.
Wuhu Economic &Technological Development Area in the north of the city launched in 1993 is one of the first state-level economic & technological development area in Anhui province, also has the only export processing zone in the province. Chery Automobile and Anhui Conch Cement Company are both headquartered in this development area.
Wuhu is the fifth largest port alongside Yangtze River. Yuxikou Pier is the largest inland river coal harbor in China.
Read more about this topic: Wuhu City
Famous quotes containing the word economy:
“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)