Economy of Jiangsu
Jiangsu has an extensive irrigation system supporting its agriculture, which is based primarily on rice and wheat, followed by maize and sorghum. Main cash crops include cotton, soybeans, peanuts, rape, sesame, ambary hemp, and tea. Other products include peppermint, spearmint, bamboo, medicinal herbs, apples, pears, peaches, loquats, ginkgo. Silkworms also form an important part of Jiangsu’s agriculture, with the Lake Taihu region to the south a major base of silk production in China. Jiangsu is also an important producer of freshwater fish and other aquatic products.
Jiangsu has coal, petroleum, and natural gas deposits, but its most significant mineral products are non-metal minerals such as halite (rock salt), sulfur, phosphorus, and marble. The salt mines of Huaiyin have more than 0.4 trillion tonnes of deposits, one of the greatest collections of deposits in China.
Jiangsu is historically oriented towards light industries such as textiles and food industry. Since 1949, Jiangsu has also developed heavy industries such as chemical industry and construction materials. Jiangsu’s important industries include machinery, electronic, chemicals, and automobile. The economic reforms have greatly benefited southern cities, especially Suzhou and Wuxi, which outstrip the provincial capital Nanjing in total output. In the eastern outskirts of Suzhou, Singapore has built the Suzhou Industrial Park, a flagship of PRC-Singapore cooperation and the only industrial park in China that is in its entirety the investment of one single foreign country.
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