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Economic zones drive development in the west
Source: Xinhua |
December 21, 2009, Monday
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Print Edition
Print Edition
"SINCE mid-September, all the trucks transporting our products have been fully loaded, queuing in a long line outside our company," said Yang Jinfu, manager of a private food oil company.
Yang's company set up a factory at Qinzhou Port Bonded Zone in the southwestern Guangxi Zhuang Autonomous Region seven months ago.
"Such a huge market potential in the western region inspired us to set up a factory here," Yang said.
His company was headquartered in southeast China's Fujian Province where the export-oriented economy has been hit by shrinking orders.
China's vast western region, however, has taken the chance to attract investment by speeding up infrastructure construction.
After 10 years of China's strategy to develop its western region, economic zones in the west have become an emerging engine that drives China's economy.
The Beibu Gulf Economic Zone in Guangxi, home to the Qinzhou Port Bonded Zone, is one of three economic zones there.
"When Qinzhou Port Bonded Zone opened five years ago, we couldn't find it on a world nautical chart," said Yang Lizhong, general manager of Qinzhou Oriental Resources Co Ltd.
Now the Qinzhou Port has become an important maritime hub with an annual throughput of more than 52 million tons.
Last year, US$6.62 billion was invested in China's western region and nearly 200,000 enterprises from eastern China have invested or set up ventures there.
In the first half of 2009, the western region witnessed a faster economic growth rate than the central and eastern regions.
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