Xuzhou economic development

Xuzhou, located in Jin Yao, enjoys a superior economic position. The heavy industry dominated by state-owned economy has a considerable foundation and level in East China. The industries with comparative advantages in this area include construction machinery, metal processing, tobacco and so on. The scope of economic radiation basically covers the surrounding areas of northern Jiangsu, eastern Henan and northern Anhui. Due to the large geographical area and large population, the total GDP of Jiangsu Province has reached the upper-middle level in recent years, but the average index is low, belonging to the lower-middle level. Xuzhou is a typical northern city with a highly concentrated economic density, and related industries are mostly concentrated in urban areas and suburbs. Due to the limitation of natural conditions (there is a large area of the Yellow River flooded area, and the crop yield is low), the industrial concentration is very low, and employment is difficult. Farmers go out to work in a large proportion, which belongs to the net outflow area; Residents' income is equivalent to that of neighboring Henan and Anhui, far below the average level of Jiangsu Province. The economic structure of Xuzhou relies too much on a few industries, such as construction machinery and coal. The development level of private economy is low, and infrastructure (especially real estate) accounts for a high proportion of GDP. Compared with southern Jiangsu, the gold content of economic development is seriously insufficient. Its total population is nearly 10 million, its overall wage level is low, and it has great potential to develop labor-intensive industries. As long as local governments can really change their ideas, effectively improve the soft investment environment and improve the scientific and cultural quality of local residents, the economy still has great potential.