26740
China Promotes Coastal Areas
World Economy

China Promotes Coastal Areas

China has approved a plan to attract foreign investment and boost economic growth in cities and provinces linked to the coastal regions of the northern Bohai Sea, according to a statement the State Council posted on the central government’s website Sunday, Xinhua reported. The State Council, the country’s cabinet, called on the governments of the cities of Beijing and Tianjin and the provinces of Hebei, Shanxi, Inner Mongolia, Liaoning and Shandong to increase the efficiency of economic growth and coordinate their efforts, according to the approval notice dated Sept. 15. The governments will aim to open sectors to investment more aggressively, speed up major infrastructure construction, strengthen environmental protection and promote industry cooperation. Northern cities and regions will also eliminate regional policy barriers for businesses and share public service resources. China facing its slowest pace of economic growth in 25 years, has stressed the need to restructure its state-owned enterprises.

 

Short URL : https://goo.gl/WvTb1N
  1. https://goo.gl/NpSLnD
  • https://goo.gl/iCi8K0
  • https://goo.gl/WCdUQ1
  • https://goo.gl/AbBbrO
  • https://goo.gl/3d8z9t

You can also read ...

South Korea Economy Facing Downside Risks
The South Korean economy will face some downside risks going...
The authorities—the government, the central bank, supported by the state-owned banks—are now pulling all levers  to keep this mounting debt under control.
Corporate debt in China has soared to $18 trillion, or 169% of...
Marlo Draghi (L) and Janet Yellen at the Jackson Hole Economic Policy Symposium in Jackson Hole, Wyoming on January 7.
Stock markets have spent the year rising on bets of a...
Diesel Emissions Scandal a Risk to German Economy
The emissions scandal ensnaring German carmakers is a risk to...
Deals outside Turkey are much cheaper and better  than Turkish opportunities.
Robert Yuksel Yildirim had barely been at the family’s...
The London Metal Exchange
World stocks struggled at a 5-1/2-week low on Monday, though...
Greek Current A/C Surplus Shrinks
Greece’s current account surplus shrank in June compared to...
Madura Says Will Tackle Inflation
The Venezuelan government’s toughest challenge is fighting...

Trending

Googleplus