China Hopes to Revive Rust Belt

Xinhua: China stresses reform in revitalizing northeast industrial base
Key sectors and enterprises should achieve international competitiveness by 2020 while industries in recession and regions that run out of resources should make significant breakthroughs in transforming growth patterns, the statement said.

In another ten years, northeast China should try to become an important region to help sustain growth of the overall economy. To be more specific, it should become the manufacturing base for advanced equipment and strategic base for major technological equipment. New raw materials, modern agriculture, and technological innovations should all find their bases there.

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