Over the past decade, northeast China has made significant progress in revitalizing its old industrial base through institutional reform, state-owned enterprise restructuring, and support for the private sector. Key developments include the growth of the “ice and snow economy,” record-breaking tourism in Harbin, and rising foreign trade, which hit 1.25 trillion yuan in 2024. President Xi Jinping’s continued focus on the region highlights its strategic importance in China’s long-term development goals.
Credit: CGTN
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