国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Business / Economy

Coastal areas look to seas to stabilize growth

(Xinhua) Updated: 2012-08-30 14:25

BEIJING -- As the Chinese economy further slowed in the first half of this year, local authorities in coastal areas, which had once been the country's economic powerhouse, are turning to the sea for new growth amid the economic slowdown, according to plans recently released by local governments.

All local governments in China's eastern and coastal regions, except Shanghai, have unveiled investment plans to develop marine-related projects such as fishing, marine tourism services, shipping and offshore oil and gas exploration to stabilize local economies.

Local governments hope the so-called "marine economy" will contribute to a combined GDP of 7.05 trillion yuan ($1.11 trillion) by 2015, a goal much higher than the 4.55 trillion yuan seen in the marine economy last year.

For example, the richest province of Guangdong in southern China has planned 177 major investment projects in marine-related sectors, targeting an economic output of 1.5 trillion yuan by 2015, after its GDP expanded only 7.4 percent in the first half of this year.

The ambitious marine economy investment plans of local governments came at a time when the economy in export-driven regions like Guangdong, Shanghai and Zhejiang expanded at the slowest pace among the country's provinces, autonomous regions and municipalities.

"Without effective investments, it will be very difficult for us to meet the annual development goals," said an economic planning official of Zhejiang province.

He declined to be named as local governments' investment plans were sometimes criticized by the public as too extravagant.

The flagging exports in Zhejiang in the first half of this year also prompted the provincial government to look for other growth points.

The province's imports and exports increased only 3.5 percent from a year earlier in the first half.

"Under such a situation, the development of the marine economy can make up for part of momentum that exports used to offer," he said.

However, whether those ambitious plans will work in all regions remains in doubt.

Analysts believe many such identical plans will likely lead to redundant construction, a low-value chain and cutthroat competition between regions, as suggested in the shipbuilding industry.

China's shipbuilding capacity exploded since 2005 when investment flooded shipbuilders in coastal areas, causing serious oversupply in the market.

Data from the British shipping services company Clarksons Group showed that Chinese shipbuilders received orders to build 182 vessels in the first half of this year and 46 of them failed to produce a single ship last year.

Almost all major coastal cities, including Shanghai, Dalian, Qingdao, Guangzhou, Tianjin, Ningbo and Xiamen, have proposed in their investment plans to develop the marine facilities manufacturing, petrochemicals and steelmaking sectors by 2015.

Hot Topics

Editor's Picks
...
前郭尔| 嵊泗县| 清原| 五指山市| 永定县| 兴化市| 明星| 沾益县| 上林县| 太和县| 隆化县| 安徽省| 昌江| 廉江市| 克山县| 特克斯县| 金堂县| 二连浩特市| 淳安县| 香格里拉县| 潮安县| 额济纳旗| 工布江达县| 虞城县| 福海县| 淮南市| 堆龙德庆县| 金坛市| 城口县| 太原市| 海阳市| 拉萨市| 涿州市| 濉溪县| 清新县| 威宁| 浙江省| 安西县| 定襄县| 永嘉县| 大冶市|