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Li charts course to put northeast back on track

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Li charts course to put northeast back on track

Premier Li Keqiang receives a warm welcome from workers at the CNR Changchun Railway Vehicles Co in Jilin province on Friday. The workers held aloft signs saying “Thank you, Mr Super Salesman”, praising Li for helping rail equipment exports. [LIU ZHEN / FOR CHINA DAILY]

 

Major projects needed to bring incentives to embattled region, premier says

Major projects — including manufacturing and exporting rail equipment — and support industries remain the key way to help the slowing economy in northeastern China, Premier Li Keqiang said on Friday.

The area has felt chill winds from falling commodity prices, shrinking demand and economic restructuring.

“To maintain smooth economic development in Northeast China, the main issue is to launch major infrastructure projects, which will give big incentives to the local economy,” Li said.

“At the same time, the government has to increase investment in transportation, water conservation and upgrading urban sewage systems,” he told an economic seminar in Jilin province.

The premier spoke after visiting CNR Changchun Railway Vehicles Co, one of China’s largest rail equipment manufacturing bases, where he received a rousing welcome from workers for his sales efforts.

ChinaDaily