Sichuan Becomes Hub of Southeast Asian Nations | Lao Tribune

Sichuan Becomes Hub of Southeast Asian Nations

China’s southwestern province Sichuan is a prominent economic hub connecting Southeast Asia and parts of the world.

With its location hinterland and the upper reach of Yangtze River and Yellow River, Sichuan has been known as the land of abundance in China. It is blessed with abundant resources, picturesque scenery and prosperous trade.

A cargo train leaves Qingbaijiang railway container station in Sichuan Province, passing through Lanzhou and the border of China at Alataw Pass in Xinjiang, and arrives at Lodz, an industrial hub completing a journey of 9,826 km.

The rail line between Chengdu and Alataw Pass is 3,511 km and that between Alataw Pass and Lodz is 6,315 km. goods transport from Chengdu to Lodz takes 10 days.

The exported cargoes from Chengdu can be distributed to any place by the railway or highway network in Europe with one to three days after the consignments are transported to Lodz by China Railway Express.

A wide range of goods from ASEAN member countries are imported

With a population of 91 million, Sichuan is the 5th largest province in China. It comprises 21 municipalities (prefectures).

For a long time, the economic aggregate of Sichuan has been ranked top 12 western provinces, municipalities and autonomous regions in China. Its GDP accounts for a quarter and its total output of grains, total industrial productivity as well as total retail sales of consumer goods account for over one fifth.

In 2017, Sichuan’s gross domestic product reached over CNY 3.6 trillion, year on year growth of 8.1 per cent.

Sichuan ranks first in China in term of exploitable hydropower resources and natural gas reserve. Its reserve of 11 rare-metallic mineral resources is largest in the world.

Sichuan today can boast five world natural and cultural heritages including Juizhai valley and Huanglong scenic area. It is also the birthplace of giant panda, the national treasure of China.

In 2016, the number of domestic tourists visiting Sichuan reached 630 million and the number of inbound tourists in the province was 3.08 million.

Education: Sichuan ranks third strong scientific and educational power. It is home to 109 colleges and universities, over 4 million talents and more than 20 million labour forces with professional skills.

Comprehensive industrial town: Specialized and advantageous industries such as equipment manufacturing. Oil gas, chemical engineering, automobile manufacturing, food and beverage have take shape.

Strategic and emerging industries including the new generation of information technology, new energy, high-end equipment and new materials have been established. This industrial advantage Sichuan becomes one of the three heavy equipment bases in China.

Market potential: Sichuan not only has a big market, but also has various degrees of market radiation to its neighbouring provinces and municipalities, namely, Tibet, Yunnan, Guizhou, Chongqing, Shaanxi, Gansu and Qinghai and therefore becomes the largest commodity market and production factor market in western China, the largest logistics centre.

Sichuan has established business ties with over 221 countries and regions and 17 countries have set up their settled down in Sichuan, making it the largest home to Fortune Global 500 in western China.

In January 2015 the second international airport in Chengdu was approved, making it the third city with two airports only after Beijing and Shanghai.

Today, China is carrying out a new round of Western Development and Belt and Road initiative, Silk Road Economic Belt, 21st century maritime silk road Yangtze River economic belt and other important development strategies which are bound to bring greater development opportunities to Sichuan.

Source: Lao News Agency