CHINA The role of Zhejiang in the future of the Yangtze River Delta

CHINA

The role of Zhejiang in the future of the Yangtze River Delta

Zhejiang News App

18:03, December 04, 2019

The Central Committee of the CPC and State Council have recently printed and distributed the Regional Integrated Development Plan Outline of the Yangtze River Delta (hereinafter refers to “The Plan Outline”).

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Hangzhou Bay Bridge. (Photo: VCG)

The Plan Outline has not only summarized the previous reform exploration in Shanghai, Jiangsu, Zhejiang, and Anhui but also specified the direction of high-quality integration in the Yangtze River Delta. The experiences in Zhejiang included in the Plan Outline will bring important opportunities for Zhejiang.

Experiences in Zhejiang: to be reproduced in Yangtze River Delta

Many parts of the explorations and experiences such as  "One Thousand Village as Demonstration, Ten Thousand Village for Renovation", "River Chief and Lake Chief System" have been included in the Plan Outline; in other words, these experiences constitute an integral part of the national strategy of the High-Quality Integration of the Yangtze River Delta. This suggests that such strategies will be re-enacted in other areas of the Yangtze River Delta.

The development of Zhejiang has been mentioned in the section of "Foundation of Development" multiple times. For example, regarding business environment, as well as the joint-establishment and sharing of an integrated market system, reform strategies such as "One Network Formality Access of Shanghai", "Run At Most Once" of Zhejiang and Approval without Meeting of Jiangsu have become national brands, all of which demonstrate their respective characteristics and find themselves top the ranking of business environment.

This section also covers the concept that clear water and green mountains equal mountains of gold and silver, which has become a household name, while the program "One Thousand Village as Demonstration, Ten Thousand Village for Renovation" has opened a new chapter in the construction of a Beautiful China; the Xin'an River Basin has demonstrated strategies in ecological compensation that can be reproduced and promoted. There is a dense allocation of National Forest Cities, Environmental Protection Model Cities, and Ecological Cities, whereas the River Chief and Lake Chief System have been first implemented and promoted across the country. These innovative explorations originating from Zhejiang have all been mentioned at the Plan Outline, which can be seen as an affirmation for the Zhejiang experiences.

Opportunities for Zhejiang: Foster the "Four Drives" to Scale New Heights

Surrounded by the high-quality integration of the Yangtze River Delta, Zhejiang, which serves as an important part of the integration of the Yangtze River Delta, finds itself facing new opportunities.

The Plan Outline states that Zhejiang should give make use of its characteristic strengths, namely leading digital economy, beautiful ecological environment and developed private economy, to vigorously foster the development of the Greater Bay Area, Great Garden, Great Channel and Metropolitan Area drives, integrate and enhance a batch of agglomeration development platforms, the national digital economy can scale new heights and serve as a vital hub for opening up and a new benchmark of green development.

Directions of Zhejiang: Transform Comparative Advantages into Development Actions

Take advantage of the comparative advantages of Jiangsu, Zhejiang, and Anhui; strengthen specialization and cooperation, and differentiated development to enhance the level and efficiency of overall regional development.

How to transform the "advantages" of Zhejiang into actual development? According to Qin Shili, we should spare no effort in strengthening horizontal in-depth cooperation with Shanghai, take advantage of Shanghai’s leading edge in open-door policy and platform establishment, make collective effort in the development of the international financial, shipping, air transportation innovation center, and accelerate the international competitiveness of Zhejiang and its say in economy, technology and finance;

Zhejiang shall also strengthen cooperation in the development of industry chain with Jiangsu and Anhui, the Yangtze River Economic Belt of Jiangsu and Wanjiang City Belt of Anhui in particular, as well as in derived enterprise, technology and talent eco-chain building, and advance the development of world-class industry clusters for advanced intelligent manufacturing, high-end equipment, life health, and new materials;

Zhejiang shall make the most of its advantages— abundant capital and entrepreneurs, as well as ample foreign capital and foreign trade economy, explore the establishment of new headquarters-base ecosystem based on the Yangtze River Delta and follow the Belt, Road Initiative, effectively extend the life cycle of Zhejiang's competitive industries and enhance their position in the value chain;

In addition, Zhejiang shall make the best of the roles of Zhejiang Chamber of Commerce and other social organizations along the Yangtze River Delta in information sharing, standard improvement, self-regulation, and standard unification, support the improvement of market governance mechanism, and continuously enhance the construction and contribution of Zhejiang economy in the integration of the Yangtze River Delta.

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