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China's coastal regions become new poles of economic growth
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16:19, August 12, 2009

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In less than two months between May 4 and July 1, the State Council successively approved the development plans for five major regional economic zones. Among these, three are located in China's eastern coastal regions. These are China's new poles of economic growth, and include the Economic Zone on the West Coast of the Taiwan Strait, the coastal region of Jiangsu Province and Liaoning coastal economic belt.

The State Council has successively approved the development plans of three coastal economic regions and raised them to the level of national strategy, reflecting the increasing importance attached to regional economic development, said Zhao Hong, a research fellow at the Institute of Economics under the Beijing Academy of Social Sciences.

China's strategy of depending on regional economic entities to drive the development of the entire economy has been implemented for a long time. Under the global financial crisis, the economies of the Pearl River Delta and the Yangzi River Delta have encountered some difficulties. However economic zones in coastal regions such as the west coast of the Taiwan Strait and Jiangsu Province, which are being planned at a fast pace, will make full use of their geographical advantage, and it is expected that they will become China's new poles of economic growth.

By People's Daily Online

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