City promotes host of key ecological assets

By YUAN SHENGGAO (chinadaily.com.cn) Updated: August 27, 2020

Home to a wealth of natural resources, Baishan is aiming to mobilize its ecological treasures to develop industries, improve the business environment and encourage innovation, local officials said.

The city aims to boost its economic development by promoting organic products and medicinal herbs, said Wang Bing, Party secretary of the city.

The city plans to do this by connecting to economic belts including the Bohai Economic Rim area and the Belt and Road Initiative, as part of the effort to build Baishan as an economic hub city in Northeast China, Wang said.

This year, Baishan issued a guideline to promote the city's high-quality development and boost its economy.

It has rolled out more than 30 incentive measures ranging from supporting the development of small and medium-size enterprises and establishing a collaborative working mechanism to setting up comprehensive financing systems.

"The government should be more effective in providing services for companies," Sun Weidong, director of the administration center of the Baishan industrial park, told Chinanews portal.

As of March, the city had agreed a total of 46 projects, with a planned investment of 26.86 billion yuan ($3.9 billion), according to the Jilin government.

Focusing on the ecological economy, Baishan is developing five new industries of green food, medical and healthcare services, mineral new materials, tourism and logistics. Official data showed that these industries account for 62.1 percent and 55.2 percent of the city's GDP and fiscal revenue.

By 2025, the city said it is expected to welcome 50,000 new market players, 30 provincial entrepreneurship incubation bases, 56 science and technology-based SMEs and 35 national high-tech enterprises.

Han Junhong contributed to this story.

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