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BEIJING: China has unveiled plans to encourage low-end industries to relocate from coastal areas to inland provinces in an effort to accelerate industrial restructuring and the transformation of the nation's economic growth model towards industrialisation and urbanisation.
China-based news agency Xinhua reported that transferring the low-end industries from coastal areas to central and western regions would also help coastal areas increase its value.
The state council said in the news report that China's central and western regions have rich natural resources, cheaper labour and vast markets, and the “industrial relocations would bring these comparative advantages into full play”.
The statement by the state council also noted that the local governments in the central and western regions should reduce administrative intervention when deciding which projects could be relocated there to avoid duplicating construction.
It said that the local governments were asked to improve the investment environment and infrastructures, and enhance self-innovation capacities as well as make more effort to protect the environment.
China has seen a rise in industrial relocations in recent years due to rising labour costs and mounting environmental pressure in coastal regions.
China-based news agency Xinhua reported that transferring the low-end industries from coastal areas to central and western regions would also help coastal areas increase its value.
The state council said in the news report that China's central and western regions have rich natural resources, cheaper labour and vast markets, and the “industrial relocations would bring these comparative advantages into full play”.
The statement by the state council also noted that the local governments in the central and western regions should reduce administrative intervention when deciding which projects could be relocated there to avoid duplicating construction.
It said that the local governments were asked to improve the investment environment and infrastructures, and enhance self-innovation capacities as well as make more effort to protect the environment.
China has seen a rise in industrial relocations in recent years due to rising labour costs and mounting environmental pressure in coastal regions.
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