Stretching across Shanghai and provinces including Jiangsu, Anhui, and Zhejiang along with coastal eastern China, the Yangtze River Delta region is home to one of China’s major urban agglomerations. It plays a pivotal role in the economic growth of China and even the world.
On December 1, 2019, the central authorities of China issued a plan for the integrated development of the region, making it a national strategy. Measures rolled out in the plan aim to greatly reduce administrative barriers and enhance policy coordination, enabling a free flow of production factors in a broader area. The comparative strengths of each place in the region can also be fully leveraged for common development. With a more rational division of labor and stronger synergy, a greater boost will be given to high-quality development. A positive ripple effect will be generated across the neighboring regions, enabling more cities to share the benefits brought by the development of the Yangtze River Delta.
Common Development
Currently, restructuring industrial chains and transforming industries across the world are presenting opportunities for leapfrog development. The Yangtze River Delta region is taking the lead in building common development based on interconnectivity.
Shanghai is playing a leading role in the process and has made solid progress in coordinated industrial development and regional innovation. It is accelerating the construction of some major industrial projects that have a promising prospect and will generate widespread benefits. They will boost the synergy of the supply chains in the region and underpin high-quality development.
This story is from the October 2020 edition of China Today (English).
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This story is from the October 2020 edition of China Today (English).
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
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