Economic revival

    Update: 2016-06-22
    (China Daily)

    Economic revival

    Chinese President Xi Jinping visits an Ecological Economic Development Zone in Yichun, Northeast China's Heilongjiang province, May 23, 2016. [Photo/Xinhua]

    NORTHEAST CHINA, comprising Heilongjiang, Jilin and Liaoning provinces, received only four angel investments totaling 7 million yuan ($106,000) last year, according to a recent report on China's investment market. Beijing News commented on Tuesday:

    That angel investors have little interest in the northeastern provinces has a lot to do with the exodus of young talents from the region, the rapidly aging population and the unfavorable atmosphere for innovation. But it would be unfair to say the region has no future, because a majority of northeast residents, be they civil servants, scholars or entrepreneurs, are neither narrow-minded nor against market-based competition.

    True, the old development mode, which is highly reliant on State-owned enterprises and labor-intensive heavy industries, appears to be an anachronism in these times of intensive market-oriented reform. That explains why local talents keep leaving home in search of better careers.

    Over a decade ago observers emphasized the need to revitalize Northeast China's economy, which still remains sluggish because the focus has been on making the traditional industrial bases "great again", not introducing market-oriented competition.

    On the other hand, as the central government has stopped issuing stimulant economic policies, traditional industries including coal and nonferrous metals will have to endure an institutional overhaul to tide over the current crisis.

    But not all employees of SOEs in Northeast China are willing to go through the pains of losing some of their "comfort". Some have decided to resign and restart their career elsewhere, while those who have chosen to stay are not happy with the ongoing reform. As a result, private fixed asset investment in the region has declined by almost 30 percent from January to May on a year-on-year basis.

    The truth is, Northeast China still has the potential to relive its glorious past as the country's economic powerhouse thanks to its abundant natural and labor resources as well as pivotal location for cross-border trade. But to fulfill that potential, local governments have to grant wider access to private enterprises instead of painstakingly sustaining the region's outdated growth model.

    8.03K
    Share:
    国产亚洲中文日本不卡二区| 日韩人妻无码精品无码中文字幕 | 亚洲精品无码AV中文字幕电影网站| 国产成人无码区免费内射一片色欲 | 国产综合无码一区二区三区| 亚洲中久无码永久在线观看同| 中文一国产一无码一日韩| 国产精品无码A∨精品影院| 曰韩人妻无码一区二区三区综合部| 中文无码久久精品| 无码丰满熟妇一区二区| 国产V亚洲V天堂无码久久久| 亚洲精品中文字幕无码蜜桃| 精品深夜AV无码一区二区老年| 亚洲一区二区中文| 人妻少妇精品中文字幕AV| 一本大道无码日韩精品影视| 久久中文字幕无码专区| 国产精品免费无遮挡无码永久视频 | 一本无码中文字幕在线观| 久久久久久av无码免费看大片| 无码av免费一区二区三区| 亚洲AV中文无码字幕色三| 亚洲午夜无码久久久久| 一区二区三区无码视频免费福利| 国产成人无码区免费内射一片色欲| 中文字幕在线免费看线人| 日本乱中文字幕系列| 色综合久久中文综合网| 色综合网天天综合色中文男男| 久久精品aⅴ无码中文字字幕重口| 中文有码vs无码人妻| 中文字幕人妻中文AV不卡专区| 亚洲中文字幕无码永久在线 | 在线中文字幕视频| 暖暖免费中文在线日本| 最近2019中文字幕一页二页| 亚洲精品无码鲁网中文电影| 无码中文人妻在线一区二区三区| 日韩人妻无码精品一专区| WWW插插插无码视频网站|