China to step up urbanisation along Yangtze River
[BEIJING] China's government released on Sunday a framework to develop sprawling urban areas along the Yangtze River as it moves forward with a decade-long ambition to turn the Chinese heartland into a major economic belt.
Although no specific investment details were released, the State Council, China's Cabinet, said on its website it would designate 317,000 square kilometres along the river to become urban areas, hosting transportation and energy projects.
The designated urban development area will span the three provinces of Hubei, Hunan and Jiangxi near and around the metropolitan areas of Changsha and Wuhan.
China's top leadership has outlined plans to turn the Yangtze, which runs from China's western highlands and empties into the East China Sea near Shanghai, into an economic axis that would catch up with China's highly developed coastal regions.
Reuters
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Eurozone at turning point needs consumers to get out and spend
Chinese tariffs could leave cognac makers with too much brandy
Xi begins Europe tour in Paris as Macron seeks to reset ties
South Korea’s probe alleges 211.2 billion won of illegal short trades
Suzhou Industrial Park: The crown jewel of China-Singapore relations celebrates its 30th year
Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions