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Central China plucks up confidence on economic upturn
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16:31, May 22, 2009

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The Fourth Expo Central China 2009 has been held recently in the city of Hefei, capital of eastern Anhui province. The China Investment & Trade Exposition, or 2009 Central China Expo, highlights business opportunities in the heartland of China.

The Expo attracted about 16,000 visitors on the very first day and, right after the first hour on the first day of the Expo, a machinery & equipment manufacturer from central-south China's Hunan province struck a sales deal of more than 30 million Renminibi (RMB) yuan (about 440,000 US dollars).

Meanwhile, a dealer from the city of Yixing in east China's Jiangsu province was seen at a loss of what to do upon entering one of the exhibition halls. He could not do anything but stamp his feet with fury as a shortage of display stands failed or foiled his anticipated plan to exhibit his Boccaro teapots and other exquisite wares.

An expo is often a market barometer. With a sustained negative impact of the ongoing global financial crisis, economic development in central China is still showy and conspicuous. Fixed assets investment in the region surged 34.3 percent in the first quarter this year, up 5.7 percent on the country's national average. In the first three months of 2009, economic growth rate in five central China provinces was higher than the national average, and the economy of the four provinces in the region even recorded double digit growth.

Without the daring, all-out efforts of the reform and opening-up over the past three decades and a range of correct policy measures set forth by the Chinese government for the region that were well targeted and feasible, there could be no such immense material and technological accumulations as today and no sustained economic prosperity and development in the central China region.

Since the strategic policy of the Party Central Committee on the rise of Central China was adopted and commenced in 2006, "city groups" in the region are better able to amass economic and distribute local population. Consequently, a sound situation has emerged in central China, which is featured by a fast economic growth, an all-round social progress and marked improvements in the livelihood of local people.

Nevertheless, it should be notified that Central China is still facing numerous difficulties or problems. In view of its exterior environment, the region now has to curb the expansion of industries with excess production capacity as the impact of global financial crisis goes on deepening or penetrating in the region.

In term of regional development itself, an economic setup in central China is not so perfect or rational, and its technical norms low and high value-added industries lopsided. Likewise, there are also issues requiring urged solution in the fields of local environment and of making professionals available for the job market.

An expo is absolutely no overstatement or exaggeration anyway, but it represents a showcase for the central China region to display its economic vitality; it enables viewers to look to the whole of China, to make clear their goal or orientation, and to pluck up their upbeat confidence.

Either for the central China region, or for the nation as a whole, people are sure to straighten up, step forward and work hard and courageously to bring about the scientific development, as long as they are bent on implementing correct macroeconomic policies and introducing the relevant measures to expand the domestic demand.

By People's Daily Online and contributed by PD reporter Gao Yuncai

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