Uibe Homepage

News and Events

您现在的位置: 首页» English» News and Events

Professor Sheng Baichuan, Dean of the Institute of International Economics, interviewed by China Daily

作者:  来源:IIE  发布日期:2018-05-03

On May 3rd, Professor Sheng Baichuan, Dean of the Institute of International Economics of the University of International Business and Economics, was interviewed by the China Daily reporter about the issue of Shigatse local government attracting corporate investment.
According to reports, the government of the Tibet Autonomous Region border government, Shigatse, uses a multi-million-dollar subsidy to attract companies to land, and will provide up to 20 million yuan for industrial or commercial projects in the Shigatse Economic Development Zone, such as high-tech industries and modern logistics services. ($3.41 million) of subsidies. At the same time, cash awards ranging from RMB 1.5 million to RMB 7 million are also offered to companies that have passed initial public offerings. In response to this project, Shanghai sent more than 400 professionals, including government officials, engineering, industry, and finance, to Shigatse Prefecture to serve as the main consultant for the Shigatse project.
The Shigatse project was established in 2014 and is located 5 kilometers south of the Shigatse region, bordering Nepal, Bhutan, and India. The district has two major functional areas divided by the Gaqu River that passes through Shigatse and will accommodate up to 120,000 residents. Hedong is the new urban area where the city government will sit, as well as schools, sports facilities, commercial and residential areas. Hexi is designated as an industrial area with logistics services and other ancillary facilities. The region’s industries include logistics services, organic agriculture, potable water industry, handicrafts, financial services and trade shows. It is expected that by the end of next year, the output value of the area will reach 350 million yuan, accounting for 10% of the output value of Shigatse.
Dean Sang pointed out that Shigatse’s move to attract corporate investment shows that China’s industrial transfer is shifting to the west, which is beneficial to the whole country. At the same time, Dean Sang emphasized that East China, like Shanghai, has performed outstandingly in terms of talent and capital, and that the East’s tendency to seek cooperation with the West in the transfer of industries has been increasing. The focus of the National Tibet Assistance Program is gradually shifting towards “forming blood,” not “getting blood transfusions” compared with the initial provision of loans to underdeveloped areas, Shanghai has cultivated a number of industries in Shigatse that will help promote local economic development in a more sustainable manner.

URL:http://www.chinadaily.com.cn/a/201805/03/WS5aea483ba3105cdcf651ba58.html