Date
17 December 2017
Shijiazhuang has been named as one of 10 satellite cities in a grand plan to develop Beijing, Tianjin and Hebei. Photo: Xinhua
Shijiazhuang has been named as one of 10 satellite cities in a grand plan to develop Beijing, Tianjin and Hebei. Photo: Xinhua

Capital plan plots grand economic scheme

The National Development and Reform Commission has sketched an outline of a grand plan to develop the Beijing-Tianjin-Hebei area in a scheme known as the Capital Economic Circle, the 21st Century Business Herald reported Thursday, citing unidentified sources.

Beijing and Tianjin will be two cores of the plan, which also includes three axes, one belt and three focus development zones. The axes run along Beijing-Tianjin-Tanggu, Beijing-Baoding-Shijiazhuang and Beijing-Tangshan-Qinhuagdao. The “belt” refers to the coastal economic belt and the “zones” cover Zhongguancun in Beijing, Tianjin’s Binhai New Area and the Caofeidian industrial zone on the Bohai Bay.

In addition, the plan names 10 satellite cities: Shijiazhuang, Langfang, Chengde, Zhangjiakou, Baoding, Handan, Xingtai and Tangshan under the jurisdiction of Hebei province plus Jixian and Baodi under Tianjin.

Some analysts have said that some industries need to be moved from Beijing but the shift needs to be rolled out carefully, prompting many cities interested in taking up that industrial slack to put out their own supplements to the grand plan.

The existing Capital Economic Circle centered on Beijing encompasses only 10 or so percent of the national economic output, far less than the 60 percent a similar scheme covers in South Korea and the roughly 33 percent of an area in Japan.

Xiao Jincheng, director of the commission’s Research Institute of Territorial Development and Regional Economics, was quoted as saying that Hebei still trails far behind Beijing and Tianjin in economic development and more links are needed to share infrastructure and build on advantages.

An international economic trade fair will be held in Langfang Sunday, with presentations on 40 platforms designed to help relocate economic engines from Beijing and Tianjin.

– Contact us at [email protected]

TL/SK

EJI Weekly Newsletter

Please click here to unsubscribe