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==Economy== [[File:Naning city centre 05.1987.jpg|thumb|Nanjing city centre in May 1987]] [[File:Zifeng Tower 2017.jpg|thumb|upright=0.9|[[Nanjing Zifeng Tower]] with the [[Purple Mountain (Nanjing)|Purple Mountain]] in the background]] The current economy of the city, is dominated by the service industries, accounting for about 60 percent of the GDP of the city, and financial industry, culture industry and tourism industry are the top three. Industries of information technology, energy saving and environmental protection, new energy, smart power grid and intelligent equipment manufacturing have become the pillar of the industries.<ref>{{cite web |url=http://www.js.xinhuanet.com/2016-01/01/c_1117643606.htm |script-title=zh:在结构调整中持续发展 南京2015年产值近万亿-新华网 |agency=Xinhua News Agency |access-date=January 23, 2016 |archive-url=https://web.archive.org/web/20160131063438/http://www.js.xinhuanet.com/2016-01/01/c_1117643606.htm |archive-date=January 31, 2016 |url-status=dead }}</ref> Big [[civilian-run enterprise]] include [[Suning.com|Suning Commerce]], [[Yurun]], [[Sanpower]], Fuzhong, [[Hiteker]], [[5stars]], [[Jinpu]], [[Tiandi]], [[CTTQ Pharmaceutical]], [[Nanjing Iron and Steel Company]] and [[Simcere Pharmaceutical]]. Big state-owned firms include [[Panda Electronics]], [[Yangzi Petrochemical]], [[Jinling Petrochemical]], [[Nanjing Chemical]], [[Jincheng Motors]], [[Jinling Pharmaceutical]], [[Chenguang]] and [[NARI Group|NARI]]. The city has also attracted foreign investments. [[multinational corporation|Multinational firms]] such as [[Siemens]], [[Ericsson]], [[Volkswagen]], [[Iveco]], [[A.O. Smith]], and [[Sharp Corporation|Sharp]] have established their offices, and a number of multinationals such as [[Ford Motor Company|Ford]], [[IBM]], [[Lucent]], [[Samsung]] and [[SAP SE|SAP]] have established research center here. Many China-based leading firms such as [[Huawei]], [[ZTE]] and [[Lenovo]] have key R&D institutes in the city. Nanjing is an industrial technology research and development hub, hosting many R&D centers and institutions, especially in areas of electronics technology, information technology, computer software, biotechnology and pharmaceutical technology and new material technology. In recent years, Nanjing has been developing its economy, commerce, industry, as well as city construction. In 2013 the city's GDP was RMB 801 billion (3rd in Jiangsu), and GDP per capita (current price) was RMB 98,174(US$16041), an 11 percent increase from 2012. The average urban resident's [[disposable income]] was RMB 36,200, while the average rural resident's net income was RMB 14,513. The registered urban [[unemployment rate]] was 3.02 percent, lower than the national average (4.3 percent). Nanjing's Gross Domestic Product ranked 12th in 2013 in China, and its overall competence ranked 6th in mainland and 8th including Taiwan and Hong Kong in 2009.<ref>{{cite web |url=http://home.xhby.net/system/2009/10/19/010606954.shtml |script-title=zh:南京总部经济发展能力居全国第六 |publisher=新华报业网(来源: 南京日报) |date=October 19, 2009 |access-date=May 29, 2014 |archive-url=https://web.archive.org/web/20111109235015/http://home.xhby.net/system/2009/10/19/010606954.shtml |archive-date=November 9, 2011 |url-status=dead }}</ref> In 2004, Nanjing ranked sixth in China's Economic Center Positioning Index, after Beijing, Shanghai, Guangzhou, Shenzhen, and Tianjin. In 2008, the Headquarters Economy Development Capacity ranked the city fifth in China, behind Beijing, Shanghai, Guangzhou, and Shenzhen. In 2014 China's regional central cities (excluding Beijing and Shanghai) competitiveness evaluation, Nanjing was second only to Shenzhen and Guangzhou. In 2015, Nanjing ranked fifth in China's investment attractive cities, closely following Beijing, Shanghai, Guangzhou, and Shenzhen. In August 2020, Nanjing ranked among China's top ten GDP in the first half of the year. In 2019, Nanjing's GDP was 1403,015 billion yuan, ranking 11th in the country, an increase of 7.8% over the previous year. The per capita GDP is 152,886 yuan, ranking second in China's municipalities, sub-provincial cities and provincial capitals, second only to Shenzhen, and the provincial capital ranking first. In 2021, Nanjing's GDP reached 1,6355.32 billion yuan. === Primary industry === {{Unreferenced section|date=October 2024}} Nanjing is one of China's important agricultural and commercial grain bases. The main cash crops are rice, cotton, silkworm cocoons, hemp, tea, bamboo, fruits, medicinal materials, etc. Due to the fertile water quality on both sides of the Yangtze River, it is also one of China's important freshwater fishery bases. In 2019, the total output value of Nanjing's agriculture, forestry, animal husbandry, and fishery was 47.250 billion yuan, an increase of 4.8% over the previous year. Among them, the agricultural output value was 24.077 billion yuan, the forestry output value was 2.017 billion yuan, the animal husbandry output value was 2.435 billion yuan, the fishery output value was 15.389 billion yuan, and the agricultural, forestry, animal husbandry and fishery service industry output value was 3.333 billion yuan. === Secondary industry === {{Unreferenced section|date=October 2024}} In 2019, Nanjing's total industrial added value was 421.577 billion yuan, an increase of 6.9%. The added value of industrial enterprises above the designated size was 309.226 billion yuan, an increase of 7.0%. Among the industries above designated size, the added value of state-owned and state-holding enterprises fell by 0.2%, private enterprises increased by 20.3%, and foreign companies, Hong Kong, Macao, and Taiwan enterprises increased by 7.0%. Large and medium-sized enterprises increased by 3.9%, and small and micro enterprises increased by 18.2%. Among the 37 major industries in the system, 22 industries have achieved growth in added value. Among the top ten industries ranked by cumulative value-added, six industries including electronics, electrical machinery, steel, medicine, general equipment, and non-metal products increased by 20.2%, === Tertiary industry === {{Unreferenced section|date=October 2024}} Nanjing is an important regional financial and business center positioned by the National Development and Reform Commission. The financial industry is an important strategic pillar industry in Nanjing. The total financial volume and financial resources account for 25% of Jiangsu Province, and in the Financial Center index, the city ranks sixth in the country. In the 2018 China Financial Center Index evaluation, Nanjing's financial industry performance ranked fourth in China, after [[Beijing]], [[Shanghai]], and [[Shenzhen]]. In 2018, Nanjing's financial industry achieved an added value of 147.332 billion yuan, and the balance of domestic and foreign currency deposits in financial institutions was 3452.486 billion yuan. Nanjing is China's service outsourcing base and national software export innovation base. It is China's only pilot city for comprehensive reform of the national science and technology system. The software industry is the number one leading industry and pillar industry that Nanjing strives to cultivate. At the end of 2019, Nanjing achieved a total execution value of 17.33 billion US dollars in service outsourcing, ranking first among Chinese cities. In 2018, the software and information service industry had a revenue of 450 billion yuan, ranking fourth in China and first in Jiangsu after Beijing, Shenzhen, and Shanghai, accounting for 7.1% of the country's total and 50.8% of Jiangsu's. There are 12 unicorn companies in Nanjing in 2019, ranking seventh in global cities and fifth in China. The convention and exhibition industry is an important industry in Nanjing. In the "World 2013 City Conference Industry Development Ranking" issued by the International Conference and Convention Association (ICCA), Nanjing has become the city with the most international conferences in China after Beijing and Shanghai. In 2019, Beichen Convention and Exhibition Research Institute released the "China Exhibition Index Report 2019", and Nanjing ranked seventh in China in the comprehensive index of domestic urban exhibition industry development. According to the "2017 China Exhibition Statistics Report" released in 2018, Nanjing ranked third in the number of exhibitions held in all cities in China, and ranked fifth in the exhibition area in all cities in China.
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