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Haixi: Industrial Upgrading through Development of a Circular Economy

China Today, November 10, 2016 Adjust font size:

Integrating with the Belt and Road Initiative

In recent years, Haixi has responded actively to the Belt and Road Initiative by transforming itself into China’s bridgehead to central, western, and southern Asia, and by strengthening economic and trade cooperation, and cultural and educational exchanges with countries and regions along the Belt and Road. Haixi will thus step up connectivity and infrastructure construction and build an important channel and pivot to the west and the south.

By deepening regional cooperation with the Beijing-Tianjin-Hebei region, the Yangtze River and Pearl River deltas, as well as neighboring Tibet, Xinjiang and Gansu, the prefecture will elevate the developmental level of its open economy and form a new pattern of opening-up and cooperation. For this it is also working on a free trade zone in Golmud and an inland opening-up pilot area in Qaidam.

Haixi has established offices in Beijing, Shanghai, and Guangzhou to attract local investment as well as that from South Asia, Hong Kong, and Taiwan. To effectively undertake industrial transfers from eastern China, Haixi promotes major cooperation projects and has built an export commodity processing base. The prefecture also holds frequent, large-scale conferences, forums, and expos on potash fertilizer, the photovoltaic industry, the magnesium industry, and goji berries, forming a characteristic platform for economic and trade cooperation.

Haixi’s goals for economic and social development from 2016 to 2020 can be summed up as: eradicating poverty, and comprehensively building a moderately prosperous society; propelling traditional industry transformation and upgrading the salt lake chemical, petrochemical, coal, and metallurgical industries; creating new energy, new materials, new business models, local specialty bio-industry, and modern service industry; and building itself into a national demonstration area for circular economy, ethnic unity, new energy, and urban and rural integration.

From the economic perspective, Haixi will strive to maintain an average annual GDP growth of more than 7.5 percent, including 12 percent for primary industries, eight percent for large enterprises (annual revenues from core business no less than RMB 20 million), and 12 percent for tertiary industries. It intends to increase local public finance revenue by seven percent annually, and fixed investment by 15 percent, and to increase the per capita disposable income of urban and rural permanent residents by eight percent year-on-year. Haixi will thus become the most vibrant prefecture in China’s Tibetan areas.

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