China regional policies Flashcards
Western development strategy
certain firms in Western China enjoy a reduced 15% income tax rate
tariffs removed and taxes removed for infrastructure projects
$300 bn investment into key projects
WDS +
High GDP growth rate
life expectancy increased by 8 years
e.g. Qinghai-Tibet railway increased tourism
WDS -
pipeline from West to East - energy exploitation
relative GDP and FDI lags behind East
rural divide
Rise of Central China Plan
Identified 6 provinces
investment into infrastructure
tax breaks
development of new industries
CC plan +
Hubei GDP has increased from sub $50bn to $750bn +
diversification from agriculture in Henan as well as a new iphone factory
CC -
debt - 76% of economic output
poor infrastructure
main focus on urban areas
BRI
Infrastructure projects such as Urumqi land port
energy projects
promote trade
BRI +
Urumqi land port - 21 China Europe rail links. Attracted over $4.45 billion in investment
Has allowed companies to take advantage and increase exports and grow
Western areas no longer rely on Eastern coast for trade
BRI -
Uyghur Muslims have not benefitted and been forced to work and remain in poverty
Once again only benefits urban areas