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Zhengzhou: Economy

Zhengzhou is the second largest city in central China after Wuhan, and had a GDP of 554.7 Billion RMB in 2012, that increased 12.0% compared to 2011, placing it 20th in the GDP ranking of cities in China. The city’s staple industry is aluminum. Other manufactured items include textiles, foods, automobiles, the high-tech industry, electrical equipment and cigarettes. Futures trading also contributes significantly to the economy. Established in 1990, the Zhengzhou Commodity Exchange is one of the three futures exchanges in China which is under the vertical management of China Securities Regulatory Commission. Retail sales of consumer goods in 2012 was 325.4 Billion RMB, a 15% year on year growth and the average spend per person of Zhengzhou citizens was 16,779 RMB, growing by 14.9%.…

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