China outlines new stage in development of the country’s western region

25.04.24
12:56


Economics

China outlines new stage in development of the country’s western region

Xi Jinping called for action to write a new chapter in the development of the western region

Chinese President Xi Jinping emphasised this week the significance of continuing efforts to usher in a new phase of development for China’s western region, one that will be distinguished by better development, more openness, and coordinated environmental protection. This is reported by
Xinhua News Agency, a partner of TV BRICS.

According to Xi Jinping, steps should be taken to boost the competitiveness of traditional industries, modernise key industries’ equipment, and quicken the technical upgrading of traditional industries.

China’s western region has achieved great strides in environmental conservation and restoration within the last five years, but Xi noted that the region’s development still faces obstacles and problems.

He stated that the emphasis should be on creating enterprises that take advantage of regional advantages and that the western region’s industrial modernization and transformation must be accelerated. He also added that establishing new industries requires a region-specific strategy.

In order to generate new growth drivers in the region, Xi stressed the significance of creating new, high-quality productive forces in accordance with local conditions, researching the expansion of modern manufacturing and strategically important new sectors, and planning for the development of future industries.

Additionally, he emphasised the importance of ensuring both high-level environmental protection and national environmental security. Xi Jinping went on saying that strong efforts should be made to encourage energy conservation, lower carbon emissions in conventional sectors, and use coal in a clean and effective manner.

Chinese President stressed that increased opening up and expanded prospects both at home and in the outside world should be the driving force behind the development of the western area. In order to aid the regions along the new western land-sea corridor in fully assimilating into the Belt and Road Initiative, he thinks it is imperative to advance both the development and openness of these areas.

According to Xi, more work has to be done to maximise the placement of industrial parks, cross-border economic cooperation zones, and pilot free trade zones, as well as to encourage the qualitative development of these areas.

The symposium shows that fostering a market-oriented, law-abiding, and globally integrated corporate climate is vital and that institutional openness must be gradually increased. In the process of development, people’s well-being should be protected and improved, and new urbanisation and comprehensive rural revitalization should be supported in a coordinated manner, said Xi.

Xi also stated that in order to successfully protect ethnic unity and border stability, it is imperative to forge a strong sense of community among the Chinese people. He called for concerted efforts to lower the risks associated with local government debt and guarantee stable development, increase opening up to the outside world and within the country, harmonise the western region’s development with other regional development strategies, and integrate the western region into global trade.

In order to further enhance ecology and environmental circumstances, Ding Xuexiang, vice premier insisted on the continuation of actions to prevent and manage environmental contamination through an accurate, scientific, and legal approach.

In addition, he advocated for quickening the shift of economic growth towards a low-carbon and green economy, creating new, high-quality productive forces specific to the area, and making cautious but proactive efforts to cut carbon dioxide emissions and reach carbon neutrality.

Photo:
iStock

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