Premier Li Keqiang urged the development of an economic belt along the Yangtze River in April to provide new development opportunities for the country's central and western regions and provide a new and important driving force for the sustainable development of the Chinese economy.
The Yangtze River, China's largest inland river, originates in the Qinghai-Tibet Plateau and runs west to east for 6,300-plus kilometers through nine provinces, one autonomous region and one municipality.
Hundreds of tributaries along the river radiating northward and southward create a valley area of more than 1.8 million square kilometers, nearly one-fifth of China's total land area. Situated along the Yangtze River are Chongqing, Wuhan, Nanjing and Shanghai, mega-cities that enjoy huge advantages in talent and market resources.
The development of the Yangtze River valley has always been viewed as a key national task due to its important strategic status. An initial plan was drawn up for a Yangtze River economic belt to be an axis of national economic development in the Seventh Five-Year Plan (1986-90). However, compared with the remarkable progress of the coastal regions that formed the other axis, the regions along the well-conceived Yangtze River economic belt have failed to make full use of its geographic advantages to push forward opening-up to the outside. Economic development along the river is tangibly uneven, with an obvious gap among the booming Yangtze River delta area and regions westward.
The fresh emphasis the State Council has put on building a Yangtze River economic belt, which has come amid China's economic slowdown, is aimed at further opening-up the vast inland areas and guiding some of the flow of market resources from the eastern region to the central and western areas and thus forming a mutually interconnected development pattern between them as a way to bolster a new economic takeoff for its less-developed inland regions.
After 30-plus years of reform and opening-up, China has witnessed booming economic development in its coastal, Pearl River and Yangtze River deltas and Bohai Sea-rim areas including Beijing and Tianjin. However, the vast swathe of its inland provinces still remains less developed or even backward. This imbalance has exerted different pressures on developed and under-developed areas.
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Premier Li Keqiang urged the development of an economic belt along the Yangtze River in April to provide new development opportunities for the country's central and western regions and provide a new and important driving force for the sustainable development of the Chinese economy.
