Home 2021 Yangtze River Economic Belt
Yangtze River Economic Belt

Since China made the development of the Yangtze River Economic Belt a national strategy, the country has shown firm determination in enhancing the ecological protection of its “mother river” and facilitating green, sustainable and high-quality development.

The sprawling economic belt covers 11 provinces and municipalities from west to east, with Sichuan, Guizhou, Yunnan and Chongqing in the upper reaches, Hubei, Hunan and Jiangxi at the center, and Anhui, Jiangsu, Zhejiang, and Shanghai in the lower reaches.


Five years ago, Chinese President Xi Jinping presided over a meeting on the Yangtze River Economic Belt in the Chongqing Municipality, which unveiled a new chapter for the ecological conservation and green development of the region.

The status and role of the river and economic belt mean development must prioritize ecology and green development to respect natural, economic and social rules, said Xi.

Yangtze River Economic Belt

Two years later at a symposium held in Wuhan, capital of central China’s Hubei Province, Xi stressed the importance of achieving high-quality economic growth through the development of the economic belt.

“In developing the economic belt, the key lies in properly dealing with the relationships between pressing ahead on the whole and making breakthroughs in key areas, between ecological environment protection and economic development, between making an overall plan and making unremitting efforts, between getting rid of old growth engines and cultivating new engines, and between developing individually and developing in a coordinated way,” he said.

At a symposium he chaired last November in Nanjing, east China’s Jiangsu Province, Xi said that provinces and municipalities along the Yangtze River should find their respective positions in the new “dual circulation” development pattern and take the initiative to open up their markets to the world.


Over the past five years, transitional changes have taken place in the ecological and environmental protection of the Yangtze River Economic Belt.

A total of 8,091 chemical enterprises have been relocated, transformed or suspended along the economic belt in the past five years.

In the first 10 months of last year, over 86.1 percent of the region’s water met a level-three standard or above, rising 12.8 percentage points from 2016, official data shows. China classifies water quality into six levels, from level one, which is suitable for drinking after minimal treatment, to level six, which is severely polluted.

The country’s top legislature adopted a law at the end of last year on Yangtze River conservation, which will take effect on March 1, 2021.

As China’s first legislation for a specific river basin, the law was formulated to strengthen the protection and restoration of the ecological environment of the Yangtze River basin, facilitate the effective and rational use of resources, safeguard ecological security, ensure harmony between humans and nature, and achieve sustainable development.

A 10-year fishing ban, effective from Jan. 1, covers all key waters of the Yangtze River. The move will help the country’s longest waterway recover from dwindling aquatic resources and degrading biodiversity. A fishing ban in 332 conservation areas along the river has been in place since the beginning of 2020.

Photo taken on Jan. 1, 2021 shows the Three Gorges Dam in central China’s Hubei Province. (Photo by Xiang Hongmei/Xinhua)


Practices undertaken by China have shown that development and environmental protection are not contradictory but complementary.

The Yangtze River Economic Belt generated 46.6 percent of the country’s GDP in the first three quarters of 2020.

In terms of innovation, the country has promoted the development of national strategic emerging industrial clusters and advanced manufacturing clusters, as well as the transformation and upgrading of heavy chemical industries along the Yangtze River, according to the National Development and Reform Commission (NDRC).

More support will be offered for Wuhan, the island of Chongming in Shanghai, and Guangyang Isle in Chongqing to demonstrate green development, said the NDRC.

Three “poles of economic growth” have been formed along the river: the delta, city clusters along the central course, and the Chengdu-Chongqing economic zone, located in the upper reaches.

The Yangtze River is China’s most vital domestic waterway, but it also has global importance. It is one of the busiest inland rivers for freight traffic worldwide, with the total goods trade of 11 provincial-level regions along the river hitting 12.7 trillion yuan (about 1.96 trillion U.S. dollars) in the first 11 months of last year, official data shows.

Authorities have vowed to continue improving the river’s traffic capacity, promote innovation and industrial upgrading, boost urbanization, advance opening up, and establish a modern market economy.

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.