China to revitalize northeast rustbelt

%3CP%3E%3CFONT%20face%3DVerdana%3EChina%20will%20rejuvenate%20its%20northeast%20rustbelt%20region%20through%20more%20reforms%20and%20economic%20restructuring%2C%20according%20to%20a%20policy%20document%20released%20Tuesday.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EState-owned%20enterprises%20%28SOEs%29%20will%20be%20restructured%2C%20private%20firms%20will%20receive%20more%20support%20and%20regional%20cooperation%20will%20drive%20development%2C%20according%20to%20the%20document%20jointly%20published%20by%20the%20Communist%20Party%20of%20China%20%28CPC%29%20Central%20Committee%20and%20the%20State%20Council.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20region%27s%20equipment%20manufacturing%20sector%20will%20be%20modernized%2C%20and%20high-end%20industries%2C%20the%20modern%20service%20sector%20and%20modern%20agriculture%20will%20all%20be%20supported%2C%20it%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20northeast%2C%20including%20Liaoning%2C%20Jilin%20and%20Heilongjiang%20provinces%2C%20was%20among%20the%20first%20regions%20in%20China%20to%20become%20industrialized.%20Its%20traditional%20industries%20include%20steel%2C%20automobile%2C%20shipbuilding%2C%20aircraft%20manufacturing%20and%20petroleum%20refining.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EHowever%2C%20this%20once%20robust%20industrial%20base%20is%20bearing%20the%20brunt%20of%20a%20more-acute%20slowdown%20than%20the%20rest%20of%20the%20country%2C%20trailing%20well%20behind%20in%20terms%20of%20GDP%20growth.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EExpediting%20the%20revitalization%20of%20the%20northeast%2C%20a%20major%20%22pole%22%20of%20China%27s%20economic%20growth%2C%20is%20a%20significant%20part%20of%20the%20country%27s%20modernization%20drive%20and%20overall%20economic%20restructuring%2C%20the%20document%20added.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20renewed%20action%20plan%20is%20reminiscent%20of%20a%20revitalization%20strategy%20rolled%20out%20by%20the%20central%20government%20in%202003%2C%20including%20a%20slew%20of%20supportive%20measures%20specially%20designed%20for%20the%20region.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20document%2C%20%22Certain%20Opinions%20Regarding%20the%20Comprehensive%20Revival%20of%20Old%20Industrial%20Bases%20Including%20the%20Northeast%2C%22%20called%20the%20new%20strategy%20a%20%22major%20policy%20for%20the%20new%20century%2C%22%20adding%20that%20this%20period%20would%20be%20crucial%20for%20reviving%20the%20region.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20region%20is%20experiencing%20growing%20downward%20pressure%20on%20growth%20while%20SOEs%20are%20lacking%20in%20vitality%2C%20according%20to%20the%20document.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EBy%202020%2C%20industries%20in%20recession%20and%20regions%20with%20dwindling%20resources%20should%20have%20transformed%20their%20growth%20patterns.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20region%20should%20have%20achieved%20medium-high%20growth%2C%20and%20should%20have%20met%20the%20target%20of%20building%20a%20moderately%20prosperous%20society%20by%202020%2C%20the%20document%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20another%20ten%20years%2C%20northeast%20China%20should%20become%20the%20manufacturing%20base%20for%20advanced%20equipment%20and%20a%20strategic%20base%20for%20technological%20equipment.%20The%20region%20should%20become%20synonymous%20with%20new%20raw%20materials%2C%20modern%20agriculture%20and%20innovation.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ELocal%20governments%20should%20work%20to%20create%20an%20open%20and%20fair%20business%20environment%20and%20unleash%20economic%20vitality%20through%20eased%20approval%20procedures%2C%20the%20delegating%20of%20power%20to%20lower%20levels%20and%20improving%20services%2C%20according%20to%20the%20document.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20document%20called%20on%20local%20governments%20to%20improve%20SOE%20mechanisms%20and%20provide%20a%20favorable%20environment%20to%20make%20SOEs%20more%20competitive%20and%20an%20integral%20part%20of%20the%20regional%20revitalization%20drive.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ESOEs%20should%20take%20the%20lead%20and%20seek%20efficiency%20through%20technology%2C%20restructuring%20and%20better%20management.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20development%20of%20the%20private%20sector%20will%20also%20be%20encouraged%2C%20with%20financing%20services%20for%20small%20and%20medium-sized%20businesses%20to%20be%20improved%20and%20investment%20access%20for%20private%20capital%20to%20be%20relaxed.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EIn%20addition%2C%20regional%20cooperation%20with%20northeast%20Asia%2C%20the%20Silk%20Road%20economic%20belt%20and%20Beijing-Tianjin-Hebei%20region%20will%20be%20stepped%20up.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20region%20should%20promote%20the%20development%20of%20advanced%20equipment%20manufacturing%2C%20in%20sectors%20including%20electricity%2C%20petrochemistry%2C%20mining%2C%20engineering%2C%20aviation%20and%20shipping%2C%20the%20document%20said.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20equipment%20manufactured%20by%20the%20northeastern%20provinces%20will%20not%20only%20be%20distributed%20on%20the%20domestic%20market%2C%20but%20the%20export%20of%20these%20products%20will%20be%20prioritized%2C%20too%2C%20it%20said.X%20Guidance%20and%20support%20should%20be%20offered%20to%20steer%20industries%20from%20manufacturing%20to%20production-based%20services.%20The%20region%20should%20also%20develop%20the%20financial%20sector%2C%20modern%20logistics%2C%20as%20well%20as%20tourism%20and%20leisure%20sectors.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20northeastern%20region%20should%20make%20the%20most%20of%20the%20government%27s%20innovation%20and%20entrepreneurship%20drive%20to%20turn%20innovation%20into%20a%20major%20source%20of%20development%2C%20according%20to%20the%20document.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3ETo%20promote%20innovation%2C%20the%20document%20underscored%20the%20need%20to%20establish%20an%20effective%20system%20for%20incubating%20regional%20innovation%2C%20integrating%20scientific%20and%20educational%20institutions%20into%20regional%20development%2C%20as%20well%20as%20talent%20training%20and%20introduction.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3E%22The%20starting%20point%20--%20and%20the%20ultimate%20goal%20of%20revitalizing%20the%20northeastern%20industrial%20bases%20--%20is%20safeguarding%20and%20improving%20people%27s%20lives%2C%22%20according%20to%20the%20document%2C%20adding%20that%20the%20government%20must%20make%20sure%20tangible%20benefits%20are%20shared%20by%20all%20people.%3C/FONT%3E%3C/P%3E%0D%0A%3CP%3E%3CFONT%20face%3DVerdana%3EThe%20document%20also%20pinpointed%20tasks%20to%20improve%20social%20security%20net%2C%20add%20more%20jobs%2C%20upgrade%20urban%20public%20services%20and%20make%20the%20environment%20more%20livable.%3C/FONT%3E%3C/P%3E%3CFONT%20face%3DVerdana%3E%0D%0A%3CP%3E%3CBR%3E%28CCTV.com%29%3C/FONT%3E%3C/P%3E