Economy
Yuxi is the home of the Hongta Group, which was named after the Red Pagoda which sits atop a nearby hill. The Pagoda was originally white, but was painted red during the cultural revolution. The tobacco is of high quality due to the fact that there are over 2300 hours of sunlight a year in the region, adequate rainfall in the summer, and excellent soil that produces a plethora of other fruits and vegetables. The region has begun producing wine, which could prove to be quite palatable in the next decade or so.
Yuxi is one of the fastest growing small cities in China. In 2001, the city won an Honor Award in Analysis & Planning by the American Society of Landscape Architects. In 2004 UNIDO held a Workshop on Seed Treatment Technology, one of only two in China.
Read more about this topic: Yuxi City
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)
“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)
“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)