China revamping its key southern factory region
From: China revamping its key southern factory region
GUANGZHOU, China - China has updated an ambitious blueprint to aggressively revamp the country's key manufacturing region — a plan that has already helped cause many low-end factories to move or shut down.
The sweeping new plan, released Thursday in Beijing, covers the next 12 years and targets the booming Pearl River Delta in southern Guangdong province, which shares a border with Hong Kong. The general goal is to transform the region — which has long been a laboratory for China's capitalist experiments — into a base for advanced manufacturing, innovation and heavy industry, according to the National Development and Reform Commission.
For the past 30 years, the Pearl River Delta — known as the world's factory floor — has been a major base for labor-intensive industries producing shoes, textiles, toys, sporting goods and other low-end goods.
GUANGZHOU, China - China has updated an ambitious blueprint to aggressively revamp the country's key manufacturing region — a plan that has already helped cause many low-end factories to move or shut down.
The sweeping new plan, released Thursday in Beijing, covers the next 12 years and targets the booming Pearl River Delta in southern Guangdong province, which shares a border with Hong Kong. The general goal is to transform the region — which has long been a laboratory for China's capitalist experiments — into a base for advanced manufacturing, innovation and heavy industry, according to the National Development and Reform Commission.
For the past 30 years, the Pearl River Delta — known as the world's factory floor — has been a major base for labor-intensive industries producing shoes, textiles, toys, sporting goods and other low-end goods.
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