RE­GION ‘SHOULD UN­LEASH PO­TEN­TIAL’

China Daily (Canada) - - BUSINESS -

China’s broad north­east­ern border ar­eas could un­leash sig­nif­i­cant po­ten­tial by fur­ther­ing re­form and open­ing-up, saidWei Jianguo, sec­re­tary-gen­eral of the Chi­naCen­ter for In­ter­na­tional Eco­nomic Ex­changes.

Rus­sia, SouthKorea and Ja­pan all are im­por­tant trad­ing part­ners and the north­east­ern border ar­eas have unique re­gional ad­van­tages. How­ever, the devel­op­ment strat­egy for sev­eral in­spec­tion trips there, and Xi of­fered pro­pos­als in July to speed up the area’s re­vi­tal­iza­tion.

Chiefs of the four provin­cial gov­ern­ments among other high-level officials at­tended Thurs­day’s meet­ing.

Gao Guoli, deputy direc­tor of the Re­search In­sti­tute of Ter­ri­to­rial Devel­op­ment and Re­gional Eco­nom­ics un­der the Na­tional Devel­op­ment and Re­form Com­mis­sion, said most com­pa­nies in the area are State-owned en­ter­prises. They re­spond “rather the re­gion has been a bit con­ser­va­tive and should shift to a more open-minded one in a time of peace, he said.

“China’s econ­omy is highly com­ple­men­tary with the Far East area in terms of trade ad­van­tages, but the po­ten­tial hasn’t been fully ex­plored,” saidWei.

North­east China has been a ma­jor tra­di­tional in­dus­trial base of the na­tion with a fo­cus on heavy in­dus­try, agri­cul­ture slowly” to the mar­ket com­pared with pri­vate com­pa­nies in coastal ar­eas.

“The re­gion needs to find an in­ter­nal driv­ing force for growth and nur­ture its com­pet­i­tive edge by di­ver­si­fy­ing its prod­ucts and rais­ing their added value,” he said.

Xu Xiao­qing, direc­tor of the agri­cul­ture de­part­ment at the Devel­op­ment Re­search Cen­ter of the State Coun­cil, pointed out that Hei­longjiang grew 4.1 per­cent in the first quar­ter, rank­ing low­est among all provin­cial-level and man­u­fac­tur­ing. More ef­forts should be made to tap into the po­ten­tial of border trade and­make these prod­ucts more pop­u­lar in neigh­bor­ing coun­tries.

China has great po­ten­tial to fur­ther co­op­er­ate with Rus­sia in terms of land, mar­kets and re­sources, he said.

China should pro­mote trade in ser­vices with these coun­tries. re­gions across main­land.

Still, Xu said Hei­longjiang has taken a lead­ing role in mod­ern agri­cul­ture in terms of its farm­ing scale, use of tech­nol­ogy and per unit yield, not only in China but also in the world.

How­ever, “be­sides agri­cul­ture, Hei­longjiang has no core in­dus­tries, so slower eco­nomic growth is rea­son­able”.

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Chi­nese Con­tact the writ­ers at lix­i­aokun@chi­nadaily.com.cn and lan­lan@chi­nadaily.com.cn

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