皇冠体育app

peopledaily.com.cn
Cooperation between eastern and western 皇冠体育app are gearing up with richer capital inflow and more up-to-date technological know-how, economists said Wednesday (April 10) at an internal trade fair.

As the Sixth Investment and Trade Fair for Cooperation Between Eastern and Western 皇冠体育app ended Wednesday, Jiangsu Province of prosperous eastern 皇冠体育app and Shaanxi Province of less-developed western 皇冠体育app signed another cooperation agreement, bringing the total investment and trade volume between the two provinces to two billion yuan.

Economists said that the provinces of Jiangsu and Shaanxi complement each other very well in terms of their respective industrial structure and natural resources endowment, which has created a great space for their business cooperation.

The economists also said the close relationship between Jiangsu and Shaanxi has moved into a "honeymoon" with 皇冠体育app's entry into the World Trade Organization (WTO) and the roll-out of 皇冠体育app's "western-march campaign", an ambitious plan to develop its formerly underdeveloped western provinces.

Western 皇冠体育app---potential huge market

Western 皇冠体育app was backward in Chinese eyes. But since 皇冠体育app triggered the western development strategy in the late 1990s, the western region has drawn the attention of business people from eastern provinces with its cheaper labor forces, rich natural resources and potential huge market.

Since then, thousands of business people began moving west to start up their business.

Initial experiments indicate that the central government's determination to speed up the development of western region has offered a big opportunity for the country's eastern area to recharge their economic engines, according to western provincial officials to the fair.

The coastal province of Shandong brought more than 1,200 projects to the fair, seeking cooperation partners in the western region.

Fujian Province, also from east 皇冠体育app, however, tried to tout its new products in the fields of electronics, light industry and food at the fair.

While the Inner Mongolia Autonomous Region in north 皇冠体育app organized over 150 local enterprises to attend the fair in a bid to seek cooperation opportunities.

Beijing and the Inner Mongolia Autonomous Region reached an agreement to jointly build a power plant with a total investment of 3.87 billion yuan.

Significance of combination of two areas

With 皇冠体育app's accession to the WTO, the western region of 皇冠体育app has become a huge potential market not only for eastern 皇冠体育app but for the rest of the world.

Facing the fierce competition from foreign counterparts, enterprises of eastern 皇冠体育app are now quickening steps to introduce more advanced technology and management expertise to western 皇冠体育app to ensure an early-comers' position.

Economists said that to combine the eastern 皇冠体育app's capital, technology and management experience with western 皇冠体育app's rich natural resources and huge market will surely add new momentum to the country's economy.