Use of reform to revive northeast region
Print Edition
CHINA highlights the role of reform in addressing difficulties facing the northeast region and revitalizing the old industrial base, according to a meeting presided over by President Xi Jinping.
By 2020, the northeast region in China should have achieved medium-high growth and met the target of building a moderately prosperous society, according to a statement released after the meeting, held by the Political Bureau of the Communist Party of China Central Committee yesterday.
Key sectors and enterprises should achieve international competitiveness by 2020 while industries in recession and regions that run out of resources should make significant breakthroughs in transforming growth patterns, the statement said.
In another 10 years, northeast China should try to become an important region to help sustain growth of the overall economy. To be more specific, it should become the manufacturing base for advanced equipment and strategic base for major technological equipment. New raw materials, modern agriculture and technological innovations should all find their homes there.
To achieve the goal, a more market-oriented mechanism should be created while structural reform should be advanced.
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