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Western China maintains momentum of rapid growth

| 2017-09-28
(Chinese Social Sciences Today)

Recently, the School of Economics and Management and the Research Center for Economic Development in Western China at Northwest University, the Shaanxi Macroeconomic Research Institute and the Social Sciences Academic Press jointly published a blue book on the development issues of China’s western region. According to the blue book, during the 12th Five-Year Plan period (2011-2015), the region adapted to the economic new normal through reform and restructuring, and economic growth remained within a reasonable range. However, various problems were emphasized, such as an imbalance in industrial development as well as additional environmental and resource constraints. According to the report, the region will maintain rapid growth momentum during the 13th five-year period and is expected to build a modern industrial system driven by innovation to expand new space for economic development.