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Pan-Pearl River Delta (9+2)
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The Pan-Pearl River Delta (PPRD), China 's most extensive regional alliance, mutually beneficial economic structure that will take to the forefront of China 's booming development.
PPRD is also known as the 9+2, Fujian , Jiangxi , Hunan , Guangdong , Guangxi, Hainan , Sichuan , Guizhou and Yunnan , plus Hongkong and Macao special administrative regions.
These eight provinces and one autonomous region make up one fifth of the area, one third of the population, and one third the economic aggregate of China .
Zhang Dejiang, secretary of CPC Guangdong Provincial Committee, first proposed Pan-Pearl River Delta regional cooperation in July 2003.
It won the central government's full support and encouragement, evoked positive response among the provinces, the autonomous region, Hongkong and Macao , and gained through-going social approval.
The eight provinces and one autonomous region have achieved tremendous inter-provincial cooperative breakthroughs in the economic and technological.
Hong Kong and Macao 's role within PPDR is to promote the eight provinces and one autonomous region's manufacturing industry. This will be accomplished by Hong Kong enacting its role as main world service center and Macao performing the function of regional business and trade service platform.
Regional cooperative development apart, the Pan-Pearl River Delta also aims at the international market.
It was the establishment and development of Sino-ASEAN (Association of Southeast Asian Nations) Free Trade Zone that motivated Guangdong Province and its peripheral areas to break borders and enhance trade relations to become a true bridgehead.
Economic and trade cooperation between the nine provinces/autonomous region and Hong Kong and Macao special administrative regions is also brisk.
In 2003, total trade volume between the two SARs and the nine inland PPRD participants amounted to US $65.1 billion, representing 72 percent of total trade between the inland and the two SARs.
In the same period, the nine inland localities absorbed US $7.8 billion in direct investment from Hong Kong and Macao , accounting for 43 percent of the inland total.
Vice Minister of Commerce An Min pointed out that geographical advantages of the nine inland localities in the Pan-Pearl River Delta are evidenced by their active cooperation with the two SARs.
The Pan-Pearl River Delta (9 inland localities + 2 SARs) accounts for one-fifth of the national territory and one-third of the national GDP.
Its population is equal to that of the EU. Close cooperation has evolved as a result of development trends in the region and reflects the projected essence of the Pan-Pearl River Delta Economic Sphere as proposed a year ago by Zhang Dejiang, secretary of CPC Guangdong Provincial Committee.
Zhang suggested that Guangdong , Hong Kong and Macao enlarge their scale of strategic economic integration in southern China to include the South and Southwest. The resultant stronger functional advantages and consolidated comprehensive strength constitute an engine for China 's economic boom.
The Pan-Pearl River Delta Regional Cooperation will set an example for regional economic cooperation within China and around the world.
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Public works, education and transport top list of investments by China's Exim Bank in Angola
Luanda, Angola, 30 Aug – Public works, education and transport projects have benefited most from credit concession agreement between the China Export-Import Bank (Eximbank) and Angola, which now total US$4.547 billion.
According to official figures published recently in the Angolan edition of Exame magazine, in a special supplement dedicated to the economic relationship between Angola and China, over US$905.5 million has been channelled to public works projects, or around 20 percent of the total.
For education projects US$642.5 million has been spent or 24.1 percent of the total and the transport sector has received US$572.8 million, or 12.6 percent of the total. [ more ] |
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