Economy
Guangzhou is the main manufacturing hub of the Pearl River Delta, one of mainland China's leading commercial and manufacturing regions. In 2009, the GDP reached ¥911.28 billion (US $133.5 billion), per capita was ¥89,498 (US $13,111).
The China Import and Export Fair, also called "Canton Fair", is held every year in April and October by Ministry of Trading. Inaugurated in the spring of 1957, the Fair is a major event for the city. From the 104th session, Liuhua Complex is not in use to hold Canton Fair. All the booths have been transferred to Pazhou Complex. From the 104th session, Canton Fair has been arranged in 3 phases instead of 2 phases.
Read more about this topic: Guangzhou
Famous quotes containing the word economy:
“The basis of political economy is non-interference. The only safe rule is found in the self-adjusting meter of demand and supply. Do not legislate. Meddle, and you snap the sinews with your sumptuary laws.”
—Ralph Waldo Emerson (1803–1882)
“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)
“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)