Changjiang Delta Economic Development

Flashcards for Module 17 Regional Economic Development of the Mainland focusing on the Changjiang Delta region.

Changjiang Delta

A plain located at the mouth of Changjiang (Yangtze River) including several cities and is vital to the Chinese economy.

Economic Importance of Changjiang Delta

The total production value of the 16 core cities accounts for one-fifth of China’s GDP.

Tertiary Industry in Changjiang Delta

Pillar service industries include wholesale, retail, accommodation, and catering. Tourism brings in substantial foreign exchange.

Shanghai's Role in Tertiary Industry

Provides modern commercial services like telecommunications, modern logistics, and exhibitions, particularly in the commercial and financial sectors.

Secondary Industry in Changjiang Delta

The region is being developed into an advanced manufacturing center focusing on electronic equipment, household appliances, textiles, large mechanical equipment, and automobiles.

Transportation in Changjiang Delta

Comprehensive air and sea networks support foreign trade, shipping, modern logistics, and tourism, also attracting foreign investment.

Challenges in Changjiang Delta Development

Lack of coordination between Shanghai ('head') and Jiangsu/Zhejiang ('wings') leading to unhealthy competition and discontinuous transport networks.

Environmental Concerns in Second-Tier Cities

These cities introduce industries causing serious pollution and consuming significant energy/raw materials from first-tier cities.

Regional Plan for the Yangtze River Delta (2010)

Approved by the State Council to coordinate the development of modern service industries and advanced manufacturing, emphasizing cooperation over competition.

Impact of Changjiang Delta on Hong Kong - Challenges

Shanghai's development in business, financial services, and tourism may lead corporations to list in Shanghai, reducing capital-raising activities in Hong Kong and affecting its financial industry.

Impact of Changjiang Delta on Hong Kong - Opportunities

Hong Kong and Shanghai can exchange experiences to enhance competitiveness, such as the Hong Kong Airport Authority providing consultation services to the Shanghai Airport Authority.

Hong Kong and Shanghai Stock Exchange Cooperation

They exchange information about the development of their financial products and send executives for exchanging opinions.