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China Daily / 2024-12 / 24 / Page009

East to west industry shift boon for nation

By Kang Bing | China Daily | Updated: 2024-12-24 00:00
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There has been significant online discourse surrounding the central government's decision to relocate numerous industries from the eastern coastal regions to the central and western parts of the country. Most have given a thumbs-up to the decision, though some have been skeptical, doubting the decision can be fully implemented.

Recently in a document to boost high-quality employment, the central authorities revealed their intention to facilitate the transfer of funds, technologies, and labor-intensive industries from the more developed eastern regions of the country to the underdeveloped western areas. This guidance is widely perceived as being strategically significant, given the existing economic imbalance within the nation, rising labor costs along the coast, and the global geopolitical uncertainties.

This forthcoming shift would be the third instance of a government-driven east-to-west industry transfer in the past century.

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