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China aims for its own Silicon Valley

 
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PostPosted: Sat 16:17, 14 Sep 2013    Post subject: China aims for its own Silicon Valley

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The policy is known as "emptying the cage, removing the bird," says Mei Xinyu, a senior researcher at the Ministry of Commerce in Beijing. The slowdown "sped up the process."
China's Silicon Valley?
Last month, the National Development and Reform Commission announced revised plans to transform Guangdong and neighboring Hong Kong and Macau into a "significant innovation center" by 2020.
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Low-end factories will have to relocate to cheaper provinces or countries,[url=http://www.duveticajacketsjp.com/][b]デュベチカ 通販[/b][/url].
For provincial officials, whose standing rises with Guangdong's economic performance, that's the only way forward. As global recession hit Chinese exports last year,[url=http://duveticaoutletcanada.halod.com/][b]duvetica down jackets men sale[/b][/url], growth in this region dropped to 10.1 percent, from 14.7 percent in 2007.
"Restarting outdated capacities for the sake of growth would just be like drinking poison to quench thirst," Guangdong's Communist Party boss Wang Yang, an advocate of upgrading, wrote in a recent opinion piece.
Still, the economic crisis has forced some compromise. To stem the troubling tide of millions of layoffs,[url=http://duveticaoutletcanada.halod.com/][b]duvetica jackets canada online[/b][/url], officials decided to prop up the struggling companies they've sought to run into the ground,[url=http://monclerjackenoutletch.albirank.net/][b]http://monclerjackenoutletch.albirank.net/[/b][/url], by reinstating an export tax rebate to help them cut costs.
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