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:
“Quidquid luce fuit tenebris agit: but also the other way around. What we experience in dreams, so long as we experience it frequently, is in the end just as much a part of the total economy of our soul as anything we “really” experience: because of it we are richer or poorer, are sensitive to one need more or less, and are eventually guided a little by our dream-habits in broad daylight and even in the most cheerful moments occupying our waking spirit.”
—Friedrich Nietzsche (1844–1900)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“Even the poor student studies and is taught only political economy, while that economy of living which is synonymous with philosophy is not even sincerely professed in our colleges. The consequence is, that while he is reading Adam Smith, Ricardo, and Say, he runs his father in debt irretrievably.”
—Henry David Thoreau (1817–1862)