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:
“It enhances our sense of the grand security and serenity of nature to observe the still undisturbed economy and content of the fishes of this century, their happiness a regular fruit of the summer.”
—Henry David Thoreau (1817–1862)
“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)
“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)