Approval for economic zone
March 5, 2011, Saturday
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Print Edition
Print Edition
THE Chinese government has approved plans for a new economic zone in the southwest to boost the economy of the inner western areas and promote balanced development among regions.
Known as the Cheng-Yu (Chengdu-Chongqing) economic zone, the area will include 31 districts and counties in Chongqing City and 15 cities in Sichuan Province, according to a blueprint which was approved by the State Council, China's Cabinet, at a meeting on Tuesday.
Covering an area of more than 200,000 square kilometers with a population of about 100 million people, the economic zone is meant to be a key economic center in western China.
During the past three decades, China's coastal areas, including the Pearl River Delta, Yangtze River Delta and Bohai Bay, have witnessed significant economic growth, causing authorities to attach more importance to developing western areas, which cover 71 percent of China's territory, said Xu Fengxian, a senior researcher at the Economic Research Institute of the Chinese Academy of Social Sciences.
"Sichuan Province generated more than 1 trillion yuan (US$152.23 billion) worth of gross domestic products last year, and Chongqing is the only municipality in western China.
The two areas have been leading the development of the inner western region in terms of economy, technology, education and infrastructure."
Yang Qingyu, a deputy to the National People's Congress and the director of Chongqing Development and Reform Commission, said yesterday that Chongqing and Chengdu, capital of Sichuan Province, are the main economies within the western interior.
He said the construction of the economic zone, with the two cities as its economic centers, could help integrate resources for manpower, capital, technology and industries, and the natural reserves of the area as a whole.
The Cheng-Yu economic zone is also expected to become a major modern industrial base for the entire country by 2015, according to the State Council meeting.
During the past few years, China's industries in the coastal areas have been shifting inland, driven by rising labor costs on the coast and the country's strategy to open up its interior.
Known as the Cheng-Yu (Chengdu-Chongqing) economic zone, the area will include 31 districts and counties in Chongqing City and 15 cities in Sichuan Province, according to a blueprint which was approved by the State Council, China's Cabinet, at a meeting on Tuesday.
Covering an area of more than 200,000 square kilometers with a population of about 100 million people, the economic zone is meant to be a key economic center in western China.
During the past three decades, China's coastal areas, including the Pearl River Delta, Yangtze River Delta and Bohai Bay, have witnessed significant economic growth, causing authorities to attach more importance to developing western areas, which cover 71 percent of China's territory, said Xu Fengxian, a senior researcher at the Economic Research Institute of the Chinese Academy of Social Sciences.
"Sichuan Province generated more than 1 trillion yuan (US$152.23 billion) worth of gross domestic products last year, and Chongqing is the only municipality in western China.
The two areas have been leading the development of the inner western region in terms of economy, technology, education and infrastructure."
Yang Qingyu, a deputy to the National People's Congress and the director of Chongqing Development and Reform Commission, said yesterday that Chongqing and Chengdu, capital of Sichuan Province, are the main economies within the western interior.
He said the construction of the economic zone, with the two cities as its economic centers, could help integrate resources for manpower, capital, technology and industries, and the natural reserves of the area as a whole.
The Cheng-Yu economic zone is also expected to become a major modern industrial base for the entire country by 2015, according to the State Council meeting.
During the past few years, China's industries in the coastal areas have been shifting inland, driven by rising labor costs on the coast and the country's strategy to open up its interior.
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