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After 20 years, the central authorities have issued another document on the large-scale development of the western region, and Chengdu is the biggest winner in the western region

Release time:

2020-05-21

On May 17, the "Guiding Opinions of the CPC Central Committee and the State Council on Promoting the Large-scale Development of the Western Region in the New Era and Forming a New Pattern" was officially released.

The "Opinions" give the western region a very obvious preference in terms of land, fiscal, taxation, and other policies.

Through careful observation, we also found that in the new round of large-scale development of the western region, the central authorities have attached great importance to Chengdu. Chengdu becomes the biggest winner in the west!

01 Chengdu will become the gateway to Asia and Europe for the entire interior

The Opinions clearly state that:

Accelerate the planning and construction of major projects such as the Sichuan-Tibet Railway, the Yanjiang High-speed Railway, the Chongqing-Kunming High-speed Railway, and the West (Ningxia)-Chengdu Railway;

Support Chongqing, Sichuan and Shaanxi to give full play to their comprehensive advantages to build inland open highlands and development and opening hubs;

Chongqing, Chengdu, Xi'an and other cities are encouraged to accelerate the construction of international gateway hub cities, and study the establishment of the Chengdu International Railway Port Economic Development Zone according to procedures.

Among them, the meaning of building Chengdu into the gateway of Asia and Europe to the entire inland could not be more obvious.

Chengdu has 12 international railway and sea-rail intermodal transport channels, and the international train operation ranks first in the country. Since the launch of the first China-Europe Express (Chengdu) in 2013, the China-Europe Express has operated more than 5,000 trains, with an average annual growth rate of more than 120%, and the value of inbound and outbound goods has increased from 57.7 billion yuan in 2017 to 125 billion yuan in 2019.

Chengdu is the third city in China to have two international airports after Beijing and Shanghai.

Tianfu International Airport is known as the world's first airport where high-speed rail can pass diagonally through terminals and runways at 350 kilometers per hour without slowing down, positioning itself as the highest-grade airport in the Silk Road Economic Belt.

Chengdu itself has the best transportation base among all western cities. Now, the central government has further opened up the artery for it, promoted the landing of the Chengdu-Shanghai high-speed railway along the river, and allowed Chengdu to connect to China's largest city at a faster speed. Accelerate the construction of the Sichuan-Tibet Railway and the West (Ningxia) Chengdu Railway, and open up a broader economic hinterland for Chengdu...

In the future, Chengdu will build a Eurasian land bridge that runs thousands of miles and drive the open economic development of the western region. This point will be far more prominent than Chongqing and Xi'an.

In addition, the Opinions clearly support the construction of dry ports in the western region, and support Sichuan in building inland open highlands and developing open hubs. For inland provinces such as Sichuan, on the one hand, it will enhance Sichuan's status in opening up to the outside world; At the same time, by increasing the intensity of opening up, it will inevitably force the deepening of reform, such as the transformation of resource allocation mode and the improvement of the business environment, and then promote the transformation and upgrading of the entire economic and social development.

02 Businesses and these regions will reap a number of substantial benefits

The Opinions clearly state that:

Build a number of industrial transfer demonstration zones in the western region; Enterprises that have been transferred to the western region on a gradient basis shall be supervised according to the customs credit rating obtained in the original region;

The index of new construction land is further tilted towards the western region;

Increase the proportion of direct financing in the western region, support eligible enterprises to issue listed financing and refinancing at home and abroad, and raise funds through the issuance of corporate credit bonds and asset securitization products;

Green channel policies apply to initial public offerings and listings of enterprises in poverty-stricken areas in the western region, listing on the New Third Board, issuance of bonds, mergers and acquisitions, etc.;

Policies such as preferential income tax for enterprises in encouraged industries located in the western region will continue to be implemented after they expire.

For example, in terms of taxation, China's corporate income tax is 25%. However, as long as your company's main business meets the catalogue of encouraged industries in the western region, and its main business income accounts for more than 60% of the total income of the enterprise, income tax can be levied at a reduced rate of 15%.

Undoubtedly, this will stimulate more excellent enterprises to come to Western tribes. Chengdu's open and inclusive business environment and the title of entrepreneurial city will surely attract a large wave of enterprises to enter.

The "Opinions" also put forward, "support the construction of the western region open platform, and give preferential support to the construction land required for the industrial development of national new zones and development zones, as well as the key development of open pilot zones, border economic cooperation zones and cross-border economic cooperation zones." ”

This is a big plus for national-level new areas such as Tianfu New Area.

In addition, the Opinions also make it clear that "support Sichuan-Chongqing, Sichuan-Yunnan-Guizhou, Chongqian, Chongqian, and other trans-provincial (autonomous regions and municipalities directly under the Central Government) to establish and improve coordinated and open development mechanisms." ”

Whether it is Sichuan-Chongqing or Sichuan-Yunnan Guizhou, Chengdu must play a vital role in establishing and improving the coordinated and open development mechanism. Chengdu's eastward and southward expansion areas are the "closest physical space" areas to the above areas.

Therefore, there is reason to believe that in the future of further deepening of sharing, cooperation and development in the western area, relying on the platform, information, industrial and aviation advantages of Chengdu Eastern New Area, Tianfu New Area, Chengdu International Railway Port Economic Development Zone and Tianfu International Airport, the eastward and southward expansion areas will participate in more regional coordinated development work, and cooperation in industry, transportation, policy, talent and other fields will be further deepened.

In the view of Sheng Yi, former vice president and researcher of the Provincial Academy of Social Sciences, "The first 10 years of the large-scale development of the western region are 10 years of 'laying the foundation' for the entire western region, including Sichuan, to make up for the shortcomings of infrastructure and reverse the trend of ecological deterioration; the second 10 years are 10 years for the western region to gradually cultivate its own endogenous driving force and build a moderately prosperous society, and 10 years for 'practicing internal skills.'" ”

Standing at a new historical starting point, Chengdu and even Sichuan will also shoulder greater responsibilities, only by continuing to increase innovation, strengthening and optimizing the industrial system, making up for infrastructure shortcomings, and combining the strategy of large-scale development of the western region with the "Belt and Road" construction, the development of the Yangtze River Economic Belt, the construction of the new land-sea channel in the west, and the Chengdu-Chongqing Twin Cities Economic Circle, can we further promote our own development and contribute more to the national economic development.