China Regional Policies Flashcards
1
Q
Western development strategy
A
- certain firms in Western China enjoy a reduced 15% corp tax rate
- tariffs taxes removed for infra projects
- $300 bn investment into key projects
2
Q
WDS +
A
- high GDP growth rate
- LE increased by 8 years
e.g Qinghai-Tibet railway increased tourism
3
Q
WDS -
A
pipeline from West to East - energy exploitation
- relative GDP and FDI lag behind the East
- rural divide
4
Q
Rise of Central China plan
A
- identified 6 provinces
- investment into infra
- tax breaks
- development of new industries
5
Q
CC plan +
A
- Hubei GDP has risen from sub $50bn to $750bn+
- diversification from agriculture in Henan as well as a new iPhone factory
6
Q
CC plan -
A
- debt was 76% of economic output
- poor infra
- main focus on urban areas
7
Q
BRI
A
- infra projects such as Urumqi land port
- energy projects
- promote trade
8
Q
BRI +
A
- Urumqi land port had 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 East coast for trade
9
Q
BRI -
A
- Uyghur Muslims haven’t benefitted + have been forced to work and remain in poverty
- only benefits urban areas
