Liaoning Province, one of the old industrial bases in Northeast
China, will organize a series of events to accelerate the
implementation of the "Five Points and One Line" strategy this
year.
The strategy, which was initiated early in 2005, outlines five
key industrial areas along its coast and one road that will connect
all cities in its coastal areas.
Top priority this year will be given to promotion of the Liaoxi
Coastal Economic Zone, one of the five key industrial zones under
the strategy, said Li Wancai, vice governor of Liaoning.
"Liaoxi used to be an area that had relatively lagged behind in
terms of economic development. However, since it has abundant
coastal resources, the area has much potential for economic
development in the years to come," Li said.
He pledged that the provincial government will launch a series
of activities to promote the investment environment of the Liaoxi
economic zone.
The province will mainly promote the area during Taiwan Week,
which will be held in the province this year, to attract potential
Taiwanese investors, Li said.
Meanwhile, the province will also organize promotional events in
Hong Kong and Macao special administrative regions and Taiwan
Province this year, mainly showcasing the investment environment in
the Liaoxi area.
"We are expecting new coastal economic development in the Liaoxi
area after a series of promotional activities at home and abroad,"
Li said.
Liaoning will also organize a high-level coordinative meeting
this year to collect information on the development of five other
key industrial areas, Li added.
"We also face a number of difficulties in the drive to implement
the strategy. Thus, we are expecting to receive suggestions from
participants from all industrial zones at the meeting, to pave the
way for improved administration," he explained.
Further, Liaoning will host a provincial-level forum this year
to discuss how to combine efforts to develop its coastal and inner
areas.
"We will also make great efforts to develop the inner areas of
the province as we are now entering a new era that requires us to
revitalize our old industries in inner areas," Li said.
Liaoning has also outlined an industrial corridor in its inner
regions, he added.
"The industrial corridor, with Shenyang as the center, will
conform to the implementation of the 'Five Points and One Line'
strategy'," Li said.
Li revealed that the Liaoning provincial government will send
delegations to Japan, the Republic of Korea and Europe this year to
promote the strategy.
"We will take advantage of Japan's economic recovery in recent
years and organize a big promotional fair there in a bid to attract
more Japanese investment," he said.
Under the "Five Points and One Line" strategy, a manufacturing
belt is expected to be established in the years ahead.
"We will make more efforts to attract foreign investment from
Europe as Liaoning is in a position to provide manufacturing bases
for European investors," Li said.
Liaoning Governor Zhang Wenyue said in his government work
report early this year at the annual provincial people's congress
that the province will spare no efforts to promote the investment
environment in the five key industrial areas.
"We will accelerate opening up in the coastal areas in the years
ahead, to forge a strong coastal economy in the nation," asserted
Zhang.
