On June 25, Premier Li Keqiang presided over a standing meeting to outline policy measures aimed at promoting industrial transfer and adjusting key industrial layouts. Following the global financial crisis, many countries have prioritized employment as a central issue in their economic strategies. During discussions on these policies, Li emphasized the importance of adapting to economic development trends, optimizing the distribution of productive forces, and guiding the orderly relocation of certain industries from the eastern regions to the central and western parts of China.
This initiative is expected to enhance regional development, foster collaboration, and support balanced growth. It also plays a crucial role in advancing urbanization in the central and western regions, helping reduce poverty, create jobs, and open up new economic opportunities. The goal is to elevate the economy to higher levels of development.
In May and June, Premier Li visited Africa and Europe, where he engaged with leaders from various countries. He noted that, post-crisis, many nations have placed employment growth at the forefront of their agendas. In particular, European countries and the U.S. have faced high unemployment rates, while developing nations are also struggling with similar challenges.
At the World Economic Forum in Africa, Li highlighted that the main focus of leaders’ discussions was how to drive economic growth and create jobs to ensure social harmony and fair development. For China, ensuring full employment in the central and western regions is essential. Over the past three decades, migrant workers from the west to the east have contributed significantly to the national economy. However, as the economy develops, rising labor costs in the east have begun to affect industrial competitiveness.
Li asked, “What should we do?†He then explained that some industries in the eastern coastal areas must be relocated, with the central and western regions being the ideal destination. This requires creating a low-cost, business-friendly environment to attract companies voluntarily.
During a visit to Wanzhou, Chongqing, in April, Li met with an e-commerce company that had moved from Beijing due to high labor costs. The company’s representative shared that wages in Wanzhou are much lower, but infrastructure remains underdeveloped. Li took this feedback seriously and stressed that improving both physical and institutional environments is vital for successful industrial transfer.
He emphasized that industry transfer must follow market rules, not be forced by the government. Instead, it should be driven by a favorable business climate and cost efficiency. In some cases, private investment can yield better returns than government spending, making it a more effective approach.
At a recent Sino-British economic roundtable, Li discussed ways to expand infrastructure and improve investment quality. International financial leaders suggested reforms in financing systems and greater openness to private sector participation. Li agreed, noting that while liquidity exists, it needs to be directed toward the real economy.
Improving infrastructure in the central and western regions not only supports industrial development but also enhances the overall business environment. As such, key projects should be fast-tracked to accelerate progress. Li concluded by emphasizing the need to guide industrial transfer in an environmentally sustainable way, aiming to help 100 million people relocate to the central and western regions for urbanization.
Art Roller,Paint Art Roller for Ceiling,Best Painting Art,Paint Roller for Art
Jiangmen Nichiyo Decorative Material Co.,Ltd. , https://www.nichiyopt.com