Economy
Xiangyang possesses large water energy resources whilst its mineral deposits include rutile, ilmenite, phosphorus, barite, coal, iron, aluminum, gold, manganese, nitre, and rock salt. The reserves of rutile and ilmenite rank highly in China. Textile production is the mainstay industry of Xiangfan followed by machinery manufacture, chemical processing, electronics, and manufacture of construction materials. Agricultural resources are significant with Xiangfan's chief farm products including grain, cotton, vegetable oil crops, tobacco, tea and fruit. As the home of Dongfeng Motors, Xiangfan is a well known automobile hub. In addition, there are a number of chemical fibre enterprises in the city including Birla Jingwei Fibres, a member of the Aditya Birla Group.
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