Economy

The main industry is the steel industry (MaGang) which employs much of the workforce of Ma'anshan. At present (2005) major expansions of the steel plant are underway to increase production drastically. With the advanced manufacturing infrastructure and fast transportation link, Ma'anshan has received much investment in many industries.Ma'anshan city has an annual manufacture investment ranking No.1 in Anhui Province and her GDP ranks No.4 in Anhui Province after Hefei, Anqing and Wuhu. Ma'anshan's population ranks No.16 in the province and has a GDP per capita of US$7,118 which is No.1 in Anhui Province and near the average of Yangtze River Delta.Maanshan has been identified by the Economist Intelligence Unit in the November 2010 Access China White Paper as a member of the CHAMPS (Chongqing, Hefei, Anshan, Ma'anshan, Pingdingshan and Shenyang), an economic profile of the top 20 emerging cities in China.

History

The south bank of the Yangtze River from Ma'anshan upstream for 240 km (150 mi), has long been a mining area. The coming of a railroad and the opening of the Huai-nan coalfield in the 1930s made it possible for the Japanese to open an iron and steel works in 1938. Although destroyed at the end of the Second World War, the industries were restored to production in 1953, and Ma'anshan grew rapidly under the Communists' first and second Five-Year Plans. Ma'anshan also has sulfur and limestone mines, and chemical and cement factories. In 1954, Ma'anshan was elevated to town level, and, in Oct. 12, 1956, Ma'anshan City was declared to be founded.