BR America       中文       Deutsch       Français       日本語       ChinAfrica
Search      Subscribe
Home      Nation      World      Business      Opinion      Lifestyle      Multimedia      Documents      Special Reports      Africa Travel
Business
China Issues Five-Year Plan to Revive Northeast
The northeast is urged to accelerate the reform of traditional industries and development of emerging industries and service sector
Edited by Li Nan 

China vowed more efforts to promote reform and encourage innovation in its northeast to bolster the region's economy during the 13th Five-year Plan period (2016-20), according to a plan issued on December 19 by China's top economic planner.

The northeast should accelerate the reform of traditional industries and development of emerging industries and service sector to improve the region's economic structure, according to the plan posted on the National Development and Reform Commission (NDRC) website.

The country plans to increase the region's investment in research and trial development to 2.1 percent of local GDP and make the service sector contribute 47.4 percent of GDP by 2020.

The northeast, an old industrial base, has faced more difficulties than the rest of China in the country's economic slowdown over the last two years. The region relies largely on heavy and chemical industries, energy resources, raw materials and a large number of state-owned enterprises.

According to the NDRC data, the region's economy grew 2.2 percent in the first half of 2016, much lower than the 7.6 percent, 7.8 percent and 8 percent for the eastern, central and western regions of the country, respectively.

(Xinhua News Agency December 19, 2016)

About Us    |    Contact Us    |    Advertise with Us    |    Subscribe
Partners: ChinAfrica   |   China.org.cn   |   China Today   |   China Pictorial   |   People's Daily Online   |   Women of China   |   Xinhua News Agency   |   China Daily
CCTV   |   China Tibet Online   |   China Radio International   |   Beijing Today   |   gb times   |   China Job.com   |   Eastday   |   CCN
Copyright Beijing Review All rights reserved 京ICP备08005356号 京公网安备110102005860号
SHARE
Twitter
Facebook
Google+
WeChat
Weibo
Email
Print
Chinese Dictionary: