The truth is, Northeast China still has the potential to relive its glorious past as the country's economic powerhouse thanks to its abundant natural and labor resources as well as pivotal location for cross-border trade.
In the next five years, China's steel sector has to reduce capacity by 100-150 million metric tons, while the coal-mining sector must also cut capacity by 500 million tons, with another 500 million tons to be restructured in the following three to five years.
Bayinchaolu, the Jilin Party Secretary, spoke highly of the development of the e-commerce industry in Jilin city, a development which demonstrates a new business model connecting“distinctive agriculture” and “e-commerce platform”.