Economy
Zichuan has a typical economic structure of heavily industrialized zones. In 2008, Proportion of the first industry, the second industry and third industry is 1.88∶63.63∶34.49. Total GDP the year is 25.85 billion Yuan. The large concentration of architectural ceramics of Zichuan make 60% of the total output of Zibo's ceramics industry. They also count for 30% of the GDP in Zichuan. Zichuan also boasts for Zichuan Garments Town-one of China's biggest cloths markets. An annual Domestic trading expo of quite large scale is held within the market.
The cost living of Zichuan and the whole Zibo area is among the lowest in East China-the most prosperous region in China. Housing costs are still on a reasonable level along of the development of the economy. Housing prices of it is the third or forth-highest of the five districts in Zibo.
Read more about this topic: Zichuan District
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)
“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 counting-room maxims liberally expounded are laws of the Universe. The merchant’s economy is a coarse symbol of the soul’s economy. It is, to spend for power, and not for pleasure.”
—Ralph Waldo Emerson (1803–1882)