In this issue of Asia Briefing Magazine, we break down the various types of development zones available in China, India and Vietnam specifically, as well as their key characteristics and leading advantages. We then go on to provide a snapshot of the latest development zones across the rest of Asia. We hope that this issue will provide the basic fundamentals to understanding one of the most important business tools available to international businesses operating in Asia.
Lanzhou: Transportation and Logistics Hub for Northwest China By Yao Lu May 9 – Lanzhou, once known as the “Golden City,” has been an important regional commercial center and transportation hub since as early as the Han Dynasty. The city used to be a major link on the ancient Silk Road and has played a[…..]
Mar. 5 – With the introduction of China’s “Go West” policy in 1999, the country’s western region entered into period of consistently elevated economic development. The ‘Go West’ policy covers 12 provinces and cities in the western part of China, namely: Sichuan Chongqing Yunnan Tibet Shaanxi Gansu Qinghai Ningxia Xinjiang Guangxi Inner Mongolia Guizhou The[…..]
If true, Sichuan will need a new capital city Op-Ed Commentary: Chris Devonshire-Ellis Aug. 22 – Rumors have been persistent in Sichuan recently that the capital city, Chengdu, may be re-designated as a municipality, just as Chongqing was in 1997. If enacted, the move would see Chengdu’s elevation to municipal status reporting directly to Beijing,[…..]
Local knowledge sought out when investing for new market penetration in inland and western regions Op-Ed Commentary: Chris Devonshire-Ellis Jul. 18 – A growing trend in China is the desire for MNCs to look at China’s central and western regions for market development and growth, as these areas provide the surest bet of securing high[…..]
A number of local governments have decided to raise their minimum wage levels to new 2012 standards, in an effort to put up with the national annual minimum wage growth target of 13 percent set up in China’s latest 12th Five-year Plan on employment improvement.
By Julia Gu Feb. 27 – China’s State Council announced last week that it has approved the 12th Five-Year Plan for Further Promoting the Economy of the Western Regions (“the Plan”), a step that is aimed at narrowing the gap between the country’s wealthy coastal provinces and its under-developed western regions. Specifically, the Plan will[…..]
By Julia Gu Feb. 20 – Since separating from Southwest China’s Sichuan Province in 1997, the municipality of Chongqing has emerged as one of China’s fastest developing regions and is regarded by Beijing as the epicenter of the country’s “Go West” campaign. Last year, the province-sized city with a population of 28.85 million attracted US$11[…..]