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== Economy == {{see also|List of Chinese provincial-level divisions by GDP}} [[Image:Rich Nature Wolfberry Farm1 7-06.jpg|thumb|[[Wolfberry]] harvest celebration.]] Rural Ningxia was for long an officially designated poverty area, and remains on the lower rungs of the developmental ladder.<ref name="Ho 2016" /> Its nominal GDP in 2023 was 531.50 billion yuan (US$75.43 billion) and its per capita GDP 72,957 yuan (US$10,353). It comprises 0.42% of the [[Economy of China|national economy]]. ===Agriculture=== Similar to other areas, Ningxia has seen a gradual decline of its peasant population due to rural–urban migration. Despite this, the great majority (62.8 percent) was still agricultural at the time of the survey.<ref>Ningxia Bureau of Statistics 2013, 4.2</ref> Animal husbandry is important for the regional economy. In the main pastoral county, Yanchi, it is even the leading industry when specified for the primary sector. The dominant grazing animals are sheep and goat.<ref>Ningxia Bureau of Statistics 2013, 11.20</ref> In the (semi-)pastoral regions, herders engage in a mixed sedentary farming operation of dryland agriculture and extensive animal husbandry, while full nomadic pastoralism is no longer practiced.<ref name="Ho 2016"/> Since a cattle breeding plan was implemented in 2002, the province has become one of China's main dairy production areas.<ref>{{Cite web |title=Ningxia dairies see success in quantity, quality |url=https://regional.chinadaily.com.cn/en/2022-01/21/c_742792.htm |access-date=2024-08-19 |website=regional.chinadaily.com.cn}}</ref><ref>{{Cite web |date=2024-07-16 |title=Ningxia's dairies achieve high-quality development with smart factories, advanced breeding techniques |url=https://www.bastillepost.com/global/article/4000510-ningxias-dairies-achieve-high-quality-development-with-smart-factories-advanced-breeding-techniques |access-date=2024-08-19 |website=www.bastillepost.com}}</ref> Ningxia is the principal region of China where [[Wolfberry|wolfberries]] are grown. Other specialties of Ningxia are [[licorice]], products made from Helan stone, [[fiddlehead]] and products made from [[sheepskin]]. [[Ningxia wines]] are a promising area of development. The Chinese authorities have given approval to the development of the eastern base of the [[Helan Mountains]] as an area suitable for wine production. Several large Chinese wine companies including Changyu and Dynasty Wine have begun development in the western region of the province. Together they now own 20,000 acres of land for wine plantations and Dynasty has ploughed 100 million yuan into Ningxia. In addition, the major oil company [[China Petroleum and Chemical Corporation]] has founded a grape plantation near the Helan Mountains. The household appliance company [[Midea (company)|Midea]] has also begun participating in Ningxia's wine industry.<ref>[http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1102&MainCatID=11&id=20111215000020 "Grape expansion: Chinese wine companies move west"] {{webarchive|url=https://web.archive.org/web/20150731231303/http://www.wantchinatimes.com/news-subclass-cnt.aspx?cid=1102&MainCatID=11&id=20111215000020 |date=31 July 2015 }}, ''Want China Times'', 15 December 2011. Retrieved 17 December 2011.</ref> Vineyards have been set up in the region.<ref>{{Cite news |last=Phillips |first=Tom |date=14 June 2016 |title=China's Bordeaux: winemakers in 'gold rush' to turn desert into vineyards |work=The Guardian |location=Helan county, Ningxia province |url=https://www.theguardian.com/world/2016/jun/14/china-bordeaux-wine-region-desert-ningxia-vineyards-gold-rush}}</ref> ===Industries and economic zones=== Ningxia was a major recipient of China's investment in industrial capacity during the [[Third Front (China)|Third Front]] campaign.<ref name=":6">{{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=298}} [[Yinchuan]] [[Economic and Technological Development Zones|Economic and Technological Development Zone]]<ref>{{Cite web |date=24 April 2015 |script-title=zh:欢迎访问银川经济技术开发区网站 |url=http://www.ycda.gov.cn |access-date=7 May 2015 |publisher=Ycda.gov.cn}}</ref> was established in 1992. Spanning {{convert|32|km2|abbr=on}}, it has an annual economic output Rmb23.7 billion (25.1% up) (US$3.5 billion). Major investors are mainly local enterprises such as Kocel Steel Foundry, FAG Railway Bearing (Ningxia), Ningxia Little Giant Machine Tools, etc. Major industries include machinery and equipment manufacturing, new materials, fine chemicals and the animation industry. Desheng Industrial Park (in [[Helan County]]) is a base for about 400 enterprises. The industrial park has industrial chains from Muslim food and commodities to trade and logistics, new materials and bio-pharmaceuticals that has 80 billion yuan in fixed assets. Desheng is looking to be the most promising industrial park in the city. It achieved a total output value of 4.85 billion in 2008, up 40 percent year-on-year. The local government plans to cut taxes and other fees to reduce the burden on local enterprises. The industrial output value reached 2.68 billion yuan in 2008, an increase of 48 percent from a year earlier.
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