Economy
Today, Fenghua is a centre for light manufacturing and small scale farming. It boasts a number of premier garment and textiles factories, including the Romon brand widely recognised in China. It is also home to the vast industrial facilities of Ningbo Bird, a leading Chinese mobile phone manufacturer. As the port city of Ningbo is further integrated into the burgeoning economic region of Shanghai, Fenghua will attract increased foreign investment and continue to grow.
In 2008, the city's gross domestic product was RMB 18.8 billion (per capita RMB 39,100), an increase of 8.1% from the previous year.
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Famous quotes containing the word economy:
“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)
“Everyone is always in favour of general economy and particular expenditure.”
—Anthony, Sir Eden (1897–1977)
“I favor the policy of economy, not because I wish to save money, but because I wish to save people. The men and women of this country who toil are the ones who bear the cost of the Government. Every dollar that we carelessly waste means that their life will be so much the more meager. Every dollar that we prudently save means that their life will be so much the more abundant. Economy is idealism in its most practical terms.”
—Calvin Coolidge (1872–1933)