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Premier Li vows policy support for industry transfer

Updated: Oct 15,2019 08:50 PM

Premier Li Keqiang on Oct 15 inspected an intelligent electronics industrial park in Xianyang, Northwest China's Shaanxi province.

The park is one of the key projects for Shaanxi province to undertake industrial transfer from the eastern region, with a total investment of 10 billion yuan ($1.41 billion).

There, Premier Li was briefed on the overall situation of industrial transfer in Shaanxi province and what kind of policy support enterprises are expecting. He said that industrial upgrading will inevitably lead to industrial transfer, which will then increase industry competitiveness.

In addition to being transferred to foreign countries, the country’s industries can also be transferred to central and western regions with abundant labor resources, Premier Li added.

He called on the central and western regions to further optimize the business environment and continuously improve the quality of labor forces to better undertake industry transfers from eastern regions.

For enterprises in eastern regions, transferring industries to central and western regions not only fits their own development needs, but also contributes to the balanced development of the country, Premier Li said, adding that the country will introduce more attractive policies for enterprises in central and western regions to undertake industry transfers.