Skip to main content

China Focus: Western China’s twin cities drive high-quality development

Abstract : Launched in Chongqing and Chengdu in 2011 and 2013, respectively, the China-Europe freight train services have significantly shortened the distance between western China and Europe. So far, more than 10,000 freight trains have linked the two cities with Europe.

CHONGQING, Oct. 29 (Xinhua) — Every morning early, a freight train
loaded with electronic information products, auto parts, and other goods
departs the Tuanjiecun station of southwest China’s Chongqing
Municipality and heads for Germany.

Around the same time, a train full of cargo heads for Poland from
more than 300 km away in Chengdu, capital of the southwestern Sichuan
Province.

Launched in Chongqing and Chengdu in 2011 and 2013, respectively, the
China-Europe freight train services have significantly shortened the
distance between western China and Europe.

So far, more than 10,000 freight trains have linked the two cities
with Europe, accounting for more than 40 percent of the total number of
China-Europe trains in China.

Located in southwest China, the Chengdu-Chongqing area, with Chengdu
and Chongqing as the core, has a population of about 120 million and an
economic aggregate of nearly 7 trillion yuan (1.04 trillion U.S.
dollars).

On Oct. 16, Chinese authorities reviewed a plan that aims to turn the
Chengdu-Chongqing area into a crucial driver of the country’s
high-quality development.

Statistics show that China’s three major economic circles use about
2.8 percent of the country’s land to support about 18 percent of China’s
total population. The economic circles of Beijing-Tianjin-Hebei, the
Yangtze River Delta, and Guangdong-Hong Kong-Macao contribute about 38
percent of the country’s GDP.

“The aim of proposing the Chengdu-Chongqing economic circle is to
cultivate another economic engine,” said Yao Shujie, deputy director of
the Faculty of Social Sciences of Chongqing University.

For many years authorities have explored the synergetic development
of the Chengdu-Chongqing area. For example, in 2015, the
Chengdu-Chongqing High-Speed Railway began operation, with a commuting
time of about 1.5 hours.

Now, relying on the international logistics channels, the
Chengdu-Chongqing area has changed from a hinterland into a frontier of
opening-up.

During the first three quarters of this year, China’s exports and
imports grew by 0.7 percent year on year, while those of Chongqing and
Sichuan rose by 11.4 percent and 22.7 percent, respectively.

During the COVID-19 epidemic, despite the obstruction of global
shipping and air transport, the China-Europe freight train services
played an important role in the transportation of international goods
and relief supplies, maintaining the stability of the global industrial
and supply chains.

In addition to the China-Europe freight trains, Chengdu and Chongqing
were also major initiators of an international land-sea passage, which
has become the fastest way for China’s western region to reach the sea
and has expanded to 240 ports in 94 countries and regions.

“The Chengdu-Chongqing area has become a window of China’s opening-up
to Eurasia,” said Li Jing, vice president of Chongqing Technology and
Business University.

For a long time, the development of China’s eastern and western
regions has been uneven. “The Chengdu-Chongqing economic circle will
promote the development of the western region,” said Yao.

The economic aggregate of the Chengdu-Chongqing area accounts for
33.25 percent in China’s western region. Despite the impact of COVID-19,
the Chengdu-Chongqing area has led the country in economic growth.

As an electronic information industry base, the area has become a
world-class industrial cluster with its strong production capacity.

“As a leader in the development of western China with convenient
transportation, the Chengdu-Chongqing area is capable of undertaking
industrial transfers from coastal areas, thus stimulating the potential
of domestic demand in western China,” said Yao. Enditem

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal. China’s silk road economic belt and the 21st century maritime silk road website, include BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI).

Source: China Focus: Western China’s twin cities drive high-quality development

Comments

Popular posts from this blog

China’s non-manufacturing PMI down in April

Abstract : The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics said Friday. BEIJING, April 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics (NBS) said Friday. A reading above 50 indicates expansion, while a reading below reflects contraction. The expansion of the non-manufacturing sector continued to gather momentum but at a slower pace, said senior NBS statistician Zhao Qinghe. In April, the sub-index for business activities in the services sector stood at 54.4, down from 55.2 in March. The sub-indexes for business activities in rail services, air transportation and accommodation came in at above 65, indicating the rapid growth of business volumes in these areas, according to Zhao. The statisti...

China expands QDII quotas as outbound investment demand grows

Abstract : China's foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. BEIJING, June 3 (Xinhua) — China’s foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. A total of 10.3 billion U.S. dollars in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment , according to the State Administration of Foreign Exchange (SAFE). Among these institutions were fund companies, securities firms and insurers, as well as banks, said the regulator. The move brought China’s total QDII quota to 147.32 billion U.S. dollars. Under the QDII program, the country’s cross-border capital flows have been maintained in an orderly manner, satisfying the rising demand for outbound investment at home, said a SAFE official. T...

Interview: Egyptian-Chinese cooperation against COVID-19 reflects strength of ties, says Egyptian minister

Abstract : Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries' relations, said Egyptian Minister of State for Information Osama Heikal. SHARM EL SHEIKH, Egypt , Sept. 27 (Xinhua) — Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries’ relations, said Egyptian Minister of State for Information Osama Heikal. “In such circumstances, countries need to cooperate with each other in a way that demonstrates solidarity and reflects strength in relationships … Egyptian-Chinese cooperation is a good example,” the minister told Xinhua in a recent interview. Egypt-China relations are strong and deeply-rooted, and will gain a greater momentum in the coming years, he said. The minister praised China’s handling of the pandemic, saying that every country has dealt with the crisis according to its own circumstances. “I believe that the E...