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Call for industrial journey to the west
The State Council, China's cabinet, ;_S
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recently approved the 11th Five-Year Program (2006-2010) for the development of y,}N:OhL$u+u5WU
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western regions.Y&`.`~OWom:w
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This approval demonstrates the value placed by the Chinese
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central authorities on the development of western regions, according to {F_D\#If0n
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Professor Yang Xianming from Yunnan University's Development Institute who is a
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member of the 10th National Committee of the Chinese People's Political y{?(Y;s7r ?Q*w4`fnj
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Consultative Conference (CPPCC).$t)VL
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To such an end,accelerating industry transfer from east
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China to central and western regions will assist in improving economic growth
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across the impoverished areas, Yang said.\bv+~%z4q n
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Prof. Yang, along with the China Democratic National
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Construction Association, is attending the 12-day annual session of the CPPCC #y5E(];Y0n[
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National Committee, which opened in Beijing on Saturday afternoon.
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In his proposal submitted to the current CPPCC session,
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Yang pointed out that China set clear goals to move labor-intensive industry sg#S^p]VE
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westwards some time ago, but recent years have seen no progress in this respect, $|o5x@{4L1E
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making it difficult to promote western industrial development and related
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industrial structure adjustment.
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Professor Yang said, "Now plenty of cheap labor is still
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moving from west China to the east, with the result that efficiency of labor in
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western China is markedly lower than in the east. Simultaneously, no policy
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exists in some eastern areas to support industry transfer while the western *V"C`t'kT{?9L
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investment environment remains unfavorable. All these bottlenecks restrict the
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transfer speed."
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To overcome such barriers, Yang suggested that the
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government create a precise industry transfer time-table while creating more 4\x5D!~#dF
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favorable tax policies to encourage domestic corporations to move west. -Q#EV|Q,]x&D
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The Five-Year Program was approved at a State Council
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executive meeting presided over by Premier Wen Jiabao on Dec. 8, 2006. According
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to the program, the 2006-2010 period will see new breakthroughs come in the *cm7thN\YJ9h(_+D
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fields of infrastructure construction and ecological protection including
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improvements to the transportation network and water facilities. .pV1o0q}fZ
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At a press conference, on March 1, 2007, Wang Jinxiang, 5D\&y2Z_1N
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vice minister of the National Development and Reform Commission (NDRC), further
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encouraged foreign investors to "go west". 8a;j%^@g
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"The western region enjoys more favorable policies and has
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more fields opened up to foreign investors than the rest of China. Foreign 6J0L$W!xba$||!L.`
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investors should grasp the opportunities," said Wang.