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==Economy== [[File:Ganjiaxiang - industrial panorama - P1070643.JPG|thumb|An industrial landscape in Ganjiaxiang, [[Qixia District]], Nanjing]] As of 2022, Jiangsu had a gross domestic product (GDP) of [[Renminbi|CNYΒ₯]]12.29 trillion (US$1.83 trillion),<ref name="data2022" /> the [[List of Chinese provincial-level divisions by GDP|second-highest]] in China after Guangdong. Its GDP is greater than those of Australia and South Korea, which are the world's 12th- and 13th-largest economies respectively.<ref name=":5">{{cite web |author=International Monetary Fund |title=World Economic Outlook Database, April 2023 |url=https://www.imf.org/en/Publications/WEO/weo-database/2023/April |publisher=[[International Monetary Fund]]}}</ref> In 2022, Jiangsu's GDP adjusted by [[purchasing power parity]] was $3.04 trillion, making it the [[List of the largest administrative divisions by GRDP|3rd-largest]] of any country subdivision globally, behind California and Guangdong.<ref>{{Cite web |title=Global Wealth PPP Distribution: Who Are The Leaders Of The Global Economy? - Full Size |url=https://www.visualcapitalist.com/wp-content/uploads/2021/10/Global-Wealth-PPP-Distribution.html |access-date=2022-09-13 |website=www.visualcapitalist.com}}</ref> Jiangsu's economy in PPP also was just behind that of Italy with a GDP PPP of $ $3.05 trillion, the [[List of countries by GDP (PPP)|12th largest in the world]].<ref name=":5" /> Jiangsu is very wealthy among the provinces of China. Its 2022 [[nominal GDP]] per capita reached Β₯144,390 (US$21,467), becoming the first province in China to reach the $20,000 mark.<ref name=":1">{{Cite web |date=2022-02-07 |title=Decoding China's 2021 GDP Growth Rate: A Look at Regional Numbers |url=https://www.china-briefing.com/news/chinas-2021-gdp-performance-a-look-at-major-provinces-and-cities/ |access-date=2022-09-13 |website=China Briefing News |language=en|first1=Qian|last1=Zhou|publisher=Dezan Shira & Associates}}</ref><ref name=":5" /> Cities like Nanjing, [[Suzhou]], and [[Wuxi]] have GDPs per capita around twice the provincial average, making south Jiangsu one of the most prosperous regions in China. The province has an extensive irrigation system supporting its agriculture, which is based primarily on [[rice]] and [[wheat]], followed by [[maize]] and [[sorghum]]. Main [[cash crop]]s include [[cotton]], [[soybean]]s, [[peanut]]s, [[rapeseed]], [[sesame]], [[hemp|ambary hemp]], and [[tea]]. Other products include [[peppermint]], [[spearmint]], [[bamboo]], [[medicinal herbs]], [[apple]]s, [[pear]]s, [[peach]]es, [[loquat]]s, [[ginkgo]]. [[Silkworm]]s form an important part of Jiangsu's agriculture, with the [[Lake Tai]] region to the south a major base of [[silk]] production in China. Jiangsu is 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 city of Xuzhou is a coal hub of China. The salt mines of [[Huaiyin District, Huai'an|Huaiyin]] have more than 0.4 trillion [[tonne]]s of deposits, one of the greatest collections of deposits in China. Jiangsu is historically oriented toward light industries such as [[textiles]] and [[food industry]]. Since 1949, Jiangsu has developed heavy industries such as [[chemical industry]] and [[construction material]]s. Jiangsu's important industries include machinery, electronic, chemicals, and automobile.<ref name="thechinaperspective1">{{cite web |url=http://www.thechinaperspective.com/topics/province/jiangsu-province/ |title=Jiangsu Province: Economic News and Statistics for Jiangsu's Economy |publisher=Thechinaperspective.com |access-date=2013-03-26 |archive-url=https://web.archive.org/web/20130511201549/http://www.thechinaperspective.com/topics/province/jiangsu-province/ |archive-date=2013-05-11 |url-status=dead}}</ref><ref>{{cite web |url=http://english.peopledaily.com.cn/data/province/jiangsu.html |title=Country Profile:Jiangsu province -People's Daily Online |publisher=English.peopledaily.com.cn |access-date=2013-03-26 |archive-url=https://web.archive.org/web/20130527231804/http://english.peopledaily.com.cn/data/province/jiangsu.html |archive-date=2013-05-27 |url-status=live}}</ref> The government has worked hard to promote the solar industry and hoped by 2012 the solar industry would be worth 100 billion RMB.<ref>[The China Perspective http://thechinaperspective.com/articles/jiangsusettoreacha100bphotovoltaicindustry6597/index.html {{Webarchive|url=https://web.archive.org/web/20091119050017/http://thechinaperspective.com/articles/jiangsusettoreacha100bphotovoltaicindustry6597/index.html |date=2009-11-19}}]</ref> Jiangsu's economy growth has directly benefited from the reform Chinese's policies, and its growth trajectory reflects that of many other coastal provinces, such as Zhejiang and Shandong.<ref>{{Cite journal|last1=Wei|first1=Yehua Dennis|last2=Fan|first2=C. Cindy|date=2010-09-17|title=Regional Inequality in China: A Case Study of Jiangsu Province|url=https://www.tandfonline.com/doi/pdf/10.1111/0033-0124.00238?needAccess=true&|journal=The Professional Geographer|volume=52|issue=3|pages=455β469|language=en|doi=10.1111/0033-0124.00238|s2cid=11030401}}</ref> The [[Chinese economic reform|economic reforms]] of [[Deng Xiaoping]] 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 Sino-[[Singapore]]an cooperation and the only industrial park in China that is in its entirety the investment of a single foreign country. Jiangsu contains over 100 different economic and technological development zones devoted to different types of investments.<ref name="RightSite.Asia">{{cite web |url=http://rightsite.asia/en/advanced-search/industrialzone?keys=&location=919&zone_type=Economic+and+Technological+Development+Zone |title=Search Results: Economic and Technological Development Zones in Jiangsu |access-date=2016-05-10 |archive-url=https://web.archive.org/web/20181215123658/http://rightsite.asia/en/advanced-search/industrialzone?keys=&location=919&zone_type=Economic+and+Technological+Development+Zone |archive-date=2018-12-15 |url-status=live}}</ref>
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