Yangtze River Delta to become engine for emerging industries

16:30, May 25, 2010      

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China's State Council recently approved the Regional Plan for the Yangtze River Delta. Insiders said that the plan offers more specific guidance for the development of information technology, new energy and other strategic emerging industries in that region.

The Yangtze River Delta possesses an advantageous location, excellent natural resources, solid economic foundations and has become one of the country's most economically-competitive regions, according to the National Development and Reform Commission.

In order to speed up transforming the economic development mode, the plan would guide the Yangtze River Delta to focus on the development of information technology, bio-pharmaceuticals, new materials, new energy and other strategic emerging industries, which would bring up more new economic growth points.

The strategic emerging industries could not exist without the traditional industries, said one official from the Ministry of Industry and Information Technology. The Yangtze River Delta, with best basis for development, improved system environment and leading overall competence, is in the best position to develop strategic emerging industries.

In the post-crisis era, developed countries are investing in the emerging sectors. China should work to develop the Yangtze River Delta, said Liu Weixin, researcher of regional economy institute of the Chinese Academy of Social Sciences (CASS).

By People's Daily Online


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