Economy
Guiyang is the economic and commercial hub of Guizhou Province. The GDP per capita was ¥24,585 (US$3,637) in 2009. The city is also a large center for retail and wholesale commercial activities with operations of major domestic and international general retailers such as Wal-Mart, Carrefour, RT-Mart, Beijing Hualian, Parkson, and Xingli Group as well as consumer electronics and appliance sellers Gome and Suning. Wholesale operations include large regional produce, furniture, and industrial and construction machinery depots. Wal-Mart's southwest China regional vegetable and produce distribution center is located in Guiyang.
Hydro-electric power generators are located along the city's main rivers including the Wu River. By 2007, the city's hydro electric plants supplied over 70% of the city's electricity. Coal is mined in the locality of Guiyang and Anshun, and there are large thermal generating plants at Guiyang and Duyun, supplying electricity for a portion of the city's industry. A large iron and steel plant came into production in Guiyang in 1960, supplying the local machinery-manufacturing industry.
Large deposits of bauxite have been discover to the north, and by the 1970s Guiyang had become a major producer of aluminum. Guiyang also manufactures aerospace engine parts and equipment, industrial and mining equipment, as well as railway vehicles and equipment. It has a large chemical industry, producing fertilizers, and a rubber industry, manufacturing automobile tires. Guiyang also has a sizable domestic pharmaceuticals industry, producing traditional Chinese medicines as well as western medicines, textile plants, and makes glass, paper, and other consumer goods.
Read more about this topic: Guiyang
Famous quotes containing the word economy:
“The aim of the laborer should be, not to get his living, to get “a good job,” but to perform well a certain work; and, even in a pecuniary sense, it would be economy for a town to pay its laborers so well that they would not feel that they were working for low ends, as for a livelihood merely, but for scientific, or even moral ends. Do not hire a man who does your work for money, but him who does it for love of it.”
—Henry David Thoreau (1817–1862)
“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)