In a vibrant turnaround, reform and opening up are breathing new life into the old industrial base of the Chinese mainland's northeastern region! 🚀 A decade after Chinese President Xi Jinping emphasized the need for innovation on July 17, 2015, provinces like Heilongjiang, Jilin, and Liaoning are experiencing a renaissance.
This revival is driven by deep structural reforms, including the transformation of state-owned assets and enterprises. For example, the restructuring of Bensteel Group in Benxi City is a shining example of how traditional industries are being modernized through strategic partnerships and upgraded corporate systems.
The region isn’t just about factories – tourism is lighting up the scene too! Harbin’s eight-day Spring Festival holiday broke records with a 20.4% surge in visitor numbers, showcasing the booming potential of its iconic "ice and snow economy." ❄️
Adding to the momentum, openness in the region has pushed foreign trade to new heights in 2024, with trade volume reaching 1.25 trillion yuan and robust export growth. This dynamic mix of industrial reform and economic innovation is a game-changer for the fast-paced world we live in.
Reference(s):
Reform, opening up revitalizes old industrial base in northeast China
cgtn.com
