Home / Business / Macro

China economy 2016 in ten key phrases

Xinhua | Updated: 2017-01-03 06:57

Northeast rejuvenation

China economy 2016 in ten key phrases

Workers at Shenyang Blower Works Group in Shenyang, Northeast China's Liaoning province, Feb 21, 2011. [Photo/VCG]

The northeast, including Liaoning, Jilin and Heilongjiang provinces, was one of the first regions in China to industrialize. Its traditional industries include steel, automobiles, shipbuilding, aircraft manufacturing and petroleum refining.

However, this once-robust industrial base is bearing the brunt of the country's slowdown, trailing well behind other regions in terms of GDP growth.

China is determined to rejuvenate its northeast "Rust Belt" through reforms and economic restructuring. State-owned enterprises (SOEs) will be restructured, private firms will receive more support, and the region's equipment manufacturing sector will be modernized.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349