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    China seeks to bolster ports and aviation hubs in western regions

    • January 5, 2025
    • admin

    (Reuters) – China said on Sunday it would launch 15 measures to bolster the development of its western provinces with the construction of logistical infrastructure such as ports and aviation hubs.

    The General Administration of Customs said the measures would enhance the integration of rail, air, river and sea links in China’s west, state media reported.

    The measures are to include enhancing international aviation hubs in cities including Chengdu, Chongqing, Kunming, Xi’an and Urumqi, while developing comprehensive bonded zones, and integrating these with ports and other transport links.

    A number of ports would also be built and expanded.

    China has long sought to bolster the economic heft of its western regions, which have markedly lagged coastal provinces. But ethnic tensions in such places a Xinjiang and hard-line security measures Beijing says are needed to safeguard national unity and border stability, have drawn criticism from some Western nations.

    China’s western regions comprise around two-thirds of the country’s land area and include regions such as Sichuan, Chongqing, Yunnan, Xinjiang and Tibet.

    China’s Politburo last year called for a “new urbanisation” of western China to revitalise rural areas, expand poverty alleviation efforts and strengthen energy resources. Efforts have also been made to increase linkages to Europe and South Asia through trade corridors including rail freight routes.

    This post appeared first on investing.com

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      Popular Topics
      • Emerging market assets poised for gains as US dollar weakens, says BofA
      • FCA moves to lift retail ban on crypto ETNs to boost UK market competitiveness
      • What a war with President Trump could cost Elon Musk’s business empire
      • Trade war poses greater threat than COVID for emerging market central banks: IMF
      • RBI turns neutral after sharp rate cut; ING expects another easing later this year

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