China: Yunnan invests in high-tech and high-speed industry
The Chinese government has big plans for Yunnan, which is part of the ancient Southern Silk Road from Chengdu in Sichuan to Myanmar and Bangladesh via Yunnan. The route branched, extending to India, Thailand and even Indonesia’s Java.
In early June, China’s Commerce Ministry and the province cohosted the third China-South Asia Expo, which was bigger than the first two in 2013 and last year. The cohosts lent some more importance to the expo this year by building the huge Dianchi International Convention and Exhibition facility in the provincial capital of Kunming. Covering an area of 5.4 million square meters, the facility ranks third nationwide and first in Southwest China, according to a press release of the expo.
The Chinese government has launched several trade nodes to boost imports, exports and cooperation among Asian and European countries and Yunnan province is the core in almost all of the trade schemes. In 2013, China initiated the Silk Road Economic Belt and Maritime Silk Road and the program extended to the China-Pakistan Economic Corridor, the Bangladesh-China-India-Myanmar (BCIM) and China-Indochina Peninsula Economic Corridor. The various economic belts are part of China’s ambitious One Belt One Road scheme that involves about 60 countries from China to South Asia to the Middle East and eventually Central and West Europe.
The Yunnan provincial government is not only about high-tech and high-speed industry; it has also promoted its agroindustry. Besides tobacco, Yunnan is also famous for its flower industry. The Kunming Flora Auction Center (KIFA) auction flowers to traders all over the world, hosting 8 to 10 million deals per day in its large auction halls.
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