Economy
The economy of Kachin State is predominantly agricultural. The main products include rice, teak, sugar cane. Mineral products include gold and jade. Hpakan is a well known place for its jade mines. Over 600 tons of jade stones which were unearthed from Lone-Khin area in Hpakan aka Pha-Khant Township in Kachine State had been displayed in Myanmar Naypyidaw to be sold out in November 2011. Most of the jade stones extracted in Myanmar, 25,795 tons in 2009-2010 and 32,921 tons in 2008-2009, are from Kachin State. The largest jade stone in the world, 3000 tons, 21 meters long, 4.8 meters wide, 10.5 meters high, was found in Hpakan in 2000. The Myanmar government pays little attention on deterioration of environment in Kachin because of jade mining. There have been erosion, flooding and mudslides. Several houses have been destroyed in each year.
A controversial construction project of a huge 1055 megawatt hydroelectric power plant dam is ongoing. It is funded by China Power Investment Cooperation. When it is finished, the electricity will be sold to China. It will be 152 meters high when it is finished. It is one of the 7 projects going to be implemented across the Irrawady River. Around 15,000 population were displaced because of that Project.
Bhamo is one of the border trading points between China and Myanmar.
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Famous quotes containing the word economy:
“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)
“Unaware of the absurdity of it, we introduce our own petty household rules into the economy of the universe for which the life of generations, peoples, of entire planets, has no importance in relation to the general development.”
—Alexander Herzen (1812–1870)
“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)