BEIJING, Aug. 6 (Xinhua) — China’s National Development and Reform Commission (NDRC) on Thursday said the economy of northeastern China provinces has bottomed out and is expected to turn better in the third and fourth quarters of this year.
Provinces of Liaoning, Jilin and Heilongjiang, China’s Rust Belt in the northeast, ranked the slowest nationwide in terms of the second-quarter economic growth.
The NDRC said it would quicken making instructions for deepening reform in state-owned enterprises in northeast China while introducing a series of reform schemes adapted to local characteristics.
As the traditional pillar industries of northeast China have stagnated, the NDRC plans to use fund incentives to promote emerging industries such as robot, gas turbine, satellite, biological medicine and green food to take root in the northeast.
The NDRC also urges Dalian, a relatively booming coastal city of Liaoning province, to accelerate constructing the Jinpu New District, and Shenyang, the capital city of Liaoning, to develop Sino-Germany High-end Equipment Manufacturing Industrial Park.
Liaoning province had a GDP growth of 2.6 percent during the second quarter of 2015, slower than any other Chinese province or autonomous region.
(Edited by Zhang Yuenan, email@example.com)