Editing Hefei (section)

==Economy==
[[File:Skylines of Hefei at Tianehu.jpg|thumb|Swan Lake CBD area]]
As of 2021, the GDP of Hefei is CN¥1,141.28 billion. The GDP per capita of the city is ¥121,187 (US$18,784), ranking within the top 20 of cities in China.<ref>National Bureau of Statistics of China</ref>

As of 2023, the GDP of Hefei is CN¥1,267.38 billion.<ref>{{Cite web |date=2024-02-04 |title=2023年全市经济运行情况 |url=https://tjj.hefei.gov.cn/tjyw/tjgb/15094341.html }}{{Dead link|date=December 2024 |bot=InternetArchiveBot |fix-attempted=yes }}</ref>

=== Investments and state-owned enterprises ===
Hefei's city government is highly engaged in business, both through [[State-owned enterprises of China|state-owned enterprises]] and investment.<ref name=":02" />{{Rp|page=128}} This approach has helped drive economic growth and re-structure the cities economic base.<ref name=":02" />{{Rp|page=128}}

In 2008, the local government spent US$3.5 billion for a controlling ownership stake in [[BOE Technology]] (Jingdongfang).<ref name=":92" />{{Rp|page=185}} BOE Technology subsequently grew to be one of the world's leading manufacturers of semiconductor products for telecommunications.<ref name=":92" />{{Rp|page=185}} It is also the world's largest manufacturer of liquid crystal displays, organic light-emitting diodes, and flexible displays.<ref name=":02" />{{Rp|page=128}} As of at least 2024, BOE has three production lines in Hefei, and its presence has helped Hefei attract further business in the electronics supply chain and contributed to Hefei's development as one of the main centers for the optoelectronic industry in China.<ref name=":62">{{Cite book |last=Lan |first=Xiaohuan |title=How China Works: An Introduction to China's State-led Economic Development |publisher=[[Palgrave Macmillan]] |year=2024 |isbn=978-981-97-0079-0 |translator-last=Topp |translator-first=Gary |doi=10.1007/978-981-97-0080-6}}</ref>{{Rp|page=121}}

In 2008, Hefei invested heavily in [[iFlytek]], a voice-recognition technology firm spun off from [[University of Science and Technology of China|USTC]].<ref name=":02" />{{Rp|page=128}}

The local government invested heavily in [[Nio Inc.|NIO]] in order to integrate it with Hefei Changan Automobile, a legacy enterprise from the Third Front construction.<ref name=":92" />{{Rp|page=185}} NIO was on the brink of bankruptcy in 2020 when Hefei obtained a 25% stake in the company in exchange for RMB 7 billion.<ref name=":024">{{Cite book |last=Jin |first=Keyu |title=The New China Playbook: Beyond Socialism and Capitalism |date=2023 |publisher=Viking |isbn=978-1-9848-7828-1 |location=New York |author-link=Keyu Jin}}</ref>{{Rp|page=101}} NIO moved its headquarters to Hefei, where the government helped it obtain loans from local banks to expand its supply chains.<ref name=":024" />{{Rp|page=101}} As of 2022, NIO is China's most successful electric vehicle manufacturer.<ref name=":92" />{{Rp|page=184}}

=== Analysis of growth ===
Hefei has been identified by the [[Economist Intelligence Unit]] in the November 2010 Access China White Paper as a member of the [[CHAMPS (China)|CHAMPS]] ([[Chongqing|'''C'''hongqing]], '''H'''efei, [[Anshan, Liaoning|'''A'''nshan]], [[Ma'anshan|'''M'''a'anshan]], [[Pingdingshan|'''P'''ingdingshan]] and [[Shenyang|'''S'''henyang]]), an economic profile of the top 20 emerging cities in China.<ref>{{cite web |title=THE RISE OF THE 'CHAMPS' – NEW REPORT MAPS BUSINESS OPPORTUNITY IN CHINA'S FASTEST GROWING CITIES |url=http://www.sourcewire.com/releases/rel_display.php?relid=60590 |url-status=live |archive-url=https://web.archive.org/web/20120406135228/http://www.sourcewire.com/releases/rel_display.php?relid=60590 |archive-date=6 April 2012 |access-date=5 January 2018}}</ref>

Hefei was identified by ''[[The Economist]]'' in December 2012 as the world's No.1 fastest growing metropolitan economy.<ref>{{cite news |date=4 December 2012 |title=Metro economies |newspaper=The Economist |url=http://www.economist.com/node/21567579 |url-status=live |access-date=5 January 2018 |archive-url=https://web.archive.org/web/20170925044945/http://www.economist.com/node/21567579 |archive-date=25 September 2017}}</ref>

Hefei has supported the growth of the chip industry in the city and has become one of the biggest sites for the manufacture of memory chips (DRAM).<ref name=":62" />{{Rp|pages=141-142}}