china launches new economic zone in hebei to promote integration
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

China launches new economic zone in Hebei to promote integration

Arab Today, arab today

Arab Today, arab today China launches new economic zone in Hebei to promote integration

China is implementing a plan aimed at integrating the economies of Hebei
Shanghai/Beijing - Arab Today

China will establish a new special economic zone in the heavily polluted province of Hebei in order to promote integration with the neighboring cities of Beijing and Tianjin, the government announced on Saturday.
The Xiongan New Area will be of the same national significance as the Shenzhen Special Economic Zone (SSEZ), which helped kick-start China’s economic reforms in 1980, the official Xinhua news agency said, citing a circular released by the Chinese cabinet.
The zone is located around 100 km southwest of Beijing, close to the Hebei provincial capital of Shijiazhuang, and will house some of Beijing’s relocated “non-capital functions.”
China is currently implementing a plan aimed at integrating the economies of Hebei, Beijing and Tianjin, a heavily polluted region known as Jing-Jin-Ji.
The development of separate “fortress economies” in the region was blamed for widening income disparities and causing a “race to the bottom” when it came to environmental law enforcement.
Beijing, home to 22 million people, is trying to curb population growth and relocate industries and other “non-capital functions” to Hebei in the coming years as part of its efforts to curb pollution and congestion.
Modest growth
China’s manufacturing activity expanded slightly in March, independent figures showed Saturday, suggesting steady but slowing growth in the world's second-largest economy.
The figures compare with an official reading Friday hinting that years-long growth slowdown in China may be easing, though concerns remain about the outlook for world trade in light of US President Donald Trump’s protectionist policies.
Investors closely watch the private Caixin Purchasing Manager’s Index (PMI) — an indicator of conditions at small manufacturers — as a sign of the country’s economic health each month.
The figure came in at 51.2 for March, down from 51.7 in February but still among the highest seen over the past four years.
The Chinese financial magazine said the one-year outlook for growth remained strong and jobs were cut at a marginal pace. However, it added that more manufacturers showed cautionary attitudes toward inventories and new export sales increased at their weakest pace in three months.
“Overall, the Chinese manufacturing economy continued to improve, but signs of a weakening have started to emerge ahead of the second quarter,” Caixin analyst Zhong Zhengsheng said in a joint statement with data compiler IHS Markit.
“Downward pressure may further increase.”
On Friday, official figures focusing on larger factories and mines came in at 51.8, slightly beating the 51.7 forecast in a Bloomberg News survey and up from the previous month’s 51.6.
Beijing has said it wants to reorient the economy away from debt-fueled investment toward a consumer-driven model, but the transition has proved bumpy, leading to the slower growth readings in recent years.
A vital engine of global growth, China’s economy expanded 6.7 percent for all of the last year, the slowest rate in a quarter of a century.
Premier Li Keqiang warned last month the economy faced severe challenges, signaling a further deceleration as he announced a trimmed 2017 GDP growth target of “around 6.5 percent.”

Source: Arab News

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china launches new economic zone in hebei to promote integration china launches new economic zone in hebei to promote integration

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

china launches new economic zone in hebei to promote integration china launches new economic zone in hebei to promote integration

 



GMT 18:57 2016 Wednesday ,05 October

Hollywood icon Robert De Niro arrives this weekend

GMT 08:49 2017 Friday ,28 April

Press cooperation protocol signed

GMT 04:01 2017 Friday ,24 November

Lebanon's Hezbollah hails 'positive' Hariri moves

GMT 16:39 2017 Wednesday ,06 September

Dolphins-Buccaneers NFL game called off as Hurricane Irma

GMT 12:55 2017 Sunday ,19 February

Day 1 Asian Winter Games medal table

GMT 10:01 2016 Tuesday ,16 August

Bayer could launch hostile bid for Monsanto

GMT 02:09 2017 Wednesday ,18 October

December22nd-January20th

GMT 12:53 2017 Tuesday ,22 August

Mahmoud informed on AAAID performance

GMT 11:45 2017 Thursday ,20 April

Expo Turkey by Qatar begins

GMT 09:59 2017 Tuesday ,25 April

A chaotic discovery of power

GMT 20:52 2017 Thursday ,27 April

Iraqi forces liberate Mutaibaija area from IS

GMT 23:57 2017 Saturday ,04 March

Oman offers military training in schools

GMT 07:28 2017 Sunday ,22 October

Donald Trump will not visit Britain until 2018

GMT 04:56 2017 Monday ,02 October

Japan business confidence hits decade high

GMT 02:08 2017 Tuesday ,24 October

Nov23/Dec21

GMT 18:05 2017 Wednesday ,20 September

Bach lifts lid on 2024-2028 joint Olympics award

GMT 22:28 2017 Wednesday ,22 November

Undersecretary participates in FANA General Assembly

GMT 07:55 2017 Monday ,23 October

Tesla to build wholly-owned plant
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday