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April 29, 2014

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Li urges building Yangtze River belt

CHINESE Premier Li Keqiang yesterday discussed building an economic belt along the Yangtze River to underpin China’s sustainable economic development.

He made the remarks while chairing a meeting in Chongqing in southwest China.

Officials from the National Development and Reform Commission, the country’s economic planner, reported on plans for the economic belt, which will involve eleven regions including Shanghai, Jiangsu, Zhejiang, Anhui, Jiangxi, Hubei, Hunan, Sichuan, Chongqing, Yunnan and Guizhou.

Li said it has been a key pattern in the world’s economic development to start in coastal areas and then move inland along rivers to the landlocked regions, and the common experience of many developed countries in their modernization.

The Yangtze River traverses eastern, central and western regions, joining the coast with the inland, and will have unique strengths and huge potential, Li said.

The Yangtze River Delta is a key pole in China’s economic growth and the central and western regions boast the largest space for China’s economic growth, Li said.

To build the Yangtze River economic belt is to set up a new chess game so that the coastal regions can support mutually and interact positively with the central and the western regions, he said.

Through reforms and opening-up, as well as some key projects, three “blocks” in the Yangtze River economic belt are expected to be invigorated, including the delta, city clusters along the central course and the Chengdu-Chongqing economic zone, according to Li. It can provide huge new development stimuli for more than a fifth of the country’s land and about 600 million people.

Though the Yangtze River’s transport volume ranks the first among the global inland rivers, it still has remarkable potential, Li said, urging more efforts to improve the river’s transport capacity.

He also expected construction of the economic belt would help deepen reforms and opening-up, break administrative division barriers and build a modern market system along the regions of the river.




 

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