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After the founding of the People's Republic of China, the people of Yijiang enjoyed outstanding achievement and suffered from the economic delay, even the economic regradation resulted in the extreme leftism. After the Third Plenary Session of the 11th CPC Central Committee the economy and society of Yijiang have greatly developed. In 1986 the revenue of Yijiang was 810 thousand yuan. In 1996 the revenue was 12.7 million yuan, 15 times the size of in 1986. In 1998 the gross product of the district is 1023 million yuan, the revenue is 21 million yuan. The society developed and the people's lives improved. After 1998 the municipal committee and government decided to make Yijiang a New Area in South Wuhu characterized in modernization and high technology.  In 2003 the investment in fixed assets (except important municipal projocets, college city, municipal belonged corporation and irrigation works) was up to 2012 million yuan. It's the most in three counties and four districts. In 2002 the revenue was over 100 million yuan. In 2003 the revenue was 161 million yuan, more than 12 times the size of in 1996. In 2003 the average governable income of urban residents reached 7300 yuan. In 2002 there were 27 savings banks in Yijiang. By the end of the year the fund amounted to 635 million yuan, 5909 yuan for a single person. With sharp decreasing of the plantation, peasants' net income was up to 3889 yuan with salary accounting for more than 50% of the total and family takings accounting for 30% of the total. The Engel's coefficient in country is 41.3%.
The development of the industrial economy has been accelerated. Before liberation the private Meilong Mill was the only factory in the district. After the founding of the PRC, Wuhu Steel Mill, Wuhu Lumber Mill, Wuhu Paint Factory and Wuhu Tobacco Work were established. Handicraft industry is the main industry in the district. During 1970s, the eight corporations became the collectively-owned units. At the beginning of 1980s some corporations established by street offices began to work. The corporations in counties developed quickly with the implement of the plan in 1992 which was called Make Three Great Changes in Three Years. In 1998 the gross industrial product of the district reached 646 million yuan. By the end of 2003 the reform in 36 corporations had finished.
In 1995 reform of property right of industrial corporations began. In the same year the number of the private corporations is 195 and registered investment is 17.11 million yuan. The percent of the private corporations became more and more. In the new century with the development of the economic zone and the enhancement of the environment and the establishment of the honor, some powerful corporations settled in Yijiang and became the backbone. By the end of 2003 there were 379 private corporations and the number of employees increased to 22 thousand with the laid-off workers accounting for 16 thousand. More than 90% of the gross industrial product and revenue were from private corporations. In 2003 GIP has reached 2035 million yuan with 1105 million from industrial corporations. There were 251 industrial corporatios and industrial self-employed workers with over 8 employees, 37 corporations of certain scale, 7 corporations which sale reached 50 million yuan and 2 corporations which sale over 100 million yuan.
The agriculture on the outskirts benefits people. Yijiang and Lugang towns have the advantage in developing farming, forestry, animal husbandry, sideline occupations and fishery. In 1990s the government implemented some subjects such as the Shopping Basket Profect. In 1998 the rice output increased from 350 kg per mu in 1990 to 500 Kg per mu. The output of the meat and aquatic product reached 1524 ton and 645 ton. Compared with in 1990 it increased by 1.8 and 3.4 times. In 1995 18% of the area was covered by plants. In 2003 the rate increased to 37.7% and the average area of the greenbelt for each person is 11.97 m2. There is a abattoir in south city with the capacity of 350 pigs.  In 1994 Luhua Pond produced 1 ton Chinese crab. In recent years with the proceeding of citifying, the agricultural economy was atrophying gradually. On the other hand the second and teriarys industries began to aries.
The investment in bank construction increases more and more. The anti-flood capacity was promoted evidently. The total length of the bank in Yijiang is 20.75 Km which is the part of the Chengnan Mound. It was broken by flood in 1949 and 1954. It suffered a narrow escape from the flood appeared in 1998 and 1999. In January of 2000 the municipal government began to repair the Chengnan Mound. With the help of the government of Yijiang, a 5894 - meter - long anti-wave wall and a 1119 - meter - long anti-flood wall were built, and four strobes were modified.
In 1998 the construction of Lugang New Area and Yijiang New Town started. By the end of 2003 the investment in Lugang New Area reached 400 million yuan. Structural area reached 370 thousand m2. 5000 residents removed to Lugang. Yijiang New Town finished 29 buildings with structural area of 97 thousand m2 settling 685 families. In the process of reform and opening and industrialization, the status of peasants changed with the improvement of the life and their opinions changed gradually. Some literate peasants who could work hard aimed at the second and tertiary industries and then got rich.
Because of the historical reason, the city construction was undeveloped. The great aspiration of the municipal government is to modify the old city. In 2001 Yijiang government began to modify the old city. It was the biggest modification in the history of Wuhu which was called the modification of the old city in south Wuhu. The area was 3.24 Km2 from Yuanze Bridge to Limin South Road and from Yangtse River to Qingyi River. 60 thousand people lived in this area. High buildings would be in the west. Shopping street would be in the middle. And the dwelling houses would be in the east. By the end of June of 2001 buildings in the northwest were pulled down and 3000 families removed. On 30th of August got Zhejiang Xinhu Group was permitted to use this field with the cost of 30.350 million yuan. By the end of 2003 9396 families, 38 thousand people removed. 73 corporations completed reform, recombination or expanse. The old city were more developed. By the end of 2003 some project were almost fulfilled such as Changjiangchang Modern City, Senhai City Garden, Yuehe New City and New Century Shopping Street. The outline of a new city has appeared.
Nanrui New City is the biggest settlement area matching the modification which covers 1500 mu with structural area of 1200 thousand m2. The project stated on September of 2001. The first 168 buildings were finished in August of 2002. Nanrui New City is one of the biggest dwelling house area in Anhui Province which include Muchun Garden, Hexia Garden, Jingqiu Garden and Jinkun Garden with more than 7000 dwelling houses. The total investment is over 840 million yuan with 15 million yuan for planting. There is Nanrui Lake in the city which covers 60 mu. 42% of the area is covered with plants. People can feel care of government anywhere.
Dwelling and business houses are very popular since 2001. In 2003 eleven estate projects were in process. The total construct area reached 685 thousand m2. Houses of 380 thousand m2 were sold out in a year. As the result of the development and construction, business was booming. By the end of 2003 there were more than 1000 corporations. The total sale reached 338 millions. There were 142 wholesale and retail corporations and 10 wholesale corporations whose income was over 20 million yuan.
Wuhu high technology development zone is located on the south of Eshan Road in the south of the district. According to the plan the area is 10 Km2 with Photoelectron Industry Garden, Machining Garden, Auto Accessory Garden, etc.. It is the important project in which the strict government invested. From 2001 to 2003 the total investment in fixed assets was 805 million yuan. The road net of 95 Km, attached pipe net and planting were completed. The comprehensive service area of 26.4 thousand m2 was constructed. 40 workshops in Spark Industry Garden were constructed. The draining system of 6.1 Km was modified. By the end of 2003 68 industrial corporation have settled in this zone. The gross industrial product of one year reached 659 million yuan..
In the three years from 2001 to 2003 there were most projects in Yijiang. The Second Latitude Road, the Third Latitude Road, the Sixth Longitude Road and the Seventh Longitude Road were finished. In High Technology Zone the Ninth Latitude Road, the Tenth Latitude Road, the Third Longitude Road, the extension of Zhongshan South Road and the extension of Huajing South Road were finished. The greenbelts, street lamps and all kinds of pipes along both sides of the road were in place. In 2001 Guihuaqiao Pump Station was built to solve the problem of draining. Wuhu Olympic Park is another symbol of the city. In October of 2002 the 10th Sports Game was held successfully in the park. At dawn thousands of people do morning exercises there. Yijiang District established its position as the centre of the higher education in Wuhu with the rise of the college zone. It is located in the north of the district, covering 7269 mu. In 2003 Anhui Higher Herbal Medical Academy was established. Then Anhui Normal University, Wannan Medical College, Anhui Business Technological Academy, Anhui Technical College of Mechanical and Electrical Engineering, Wuhu Educational Academy, Xiaying Art and Language Academy settled in the College Zone.
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