2020-02-13 Beijing Review

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http://www.bjreview.com FEBRUARY 13, 2020 BEIJING REVIEW 7




and e-commerce, as well as creat-
ing jobs in the service sector, Zhang
Chengzhong, Fuxin Mayor, said.
The 698.29-km railway is
expected to go into operation at
the end of 2020, shortening travel
time to 2.5 hours. It will make stops
in Shunyi, Huairou and Miyun dis-
tricts in Beijing; Chengde in Hebei
Province; and Chaoyang, Fuxin and
Shenyang in Liaoning, according
to information released by China
Railway Beijing Group Co. Ltd.
Thanks to the upcoming inter-
provincial bullet train service and
the city’s efforts to upgrade its key
sectors to keep pace with ongoing
supply-side structural reforms,
Fuxin has gradually transformed
itself into a mining-themed tourist
spot, Zhang said.
Eager to diversify its develop-
ing strength, Fuxin invested 375
million yuan ($54 million) in tourist
areas from 2015 to 2019.

previous year.
New RMB loans stood at 4.
trillion yuan ($628 billion) in the
delta region last year, 428.4 billion
yuan ($61.1 billion) more than the
previous year.
Moreover, the balance of
foreign currency loans in the delta
region was $142.5 billion at the end
of 2019, down 3.2 percent year on
The Yangtze River Delta
comprises Shanghai and the
provinces of Jiangsu, Zhejiang and

More Production
Beijing reported higher industrial
production in 2019, according to
the Beijing Municipal Bureau of

The value-added industrial
output of major enterprises
increased by 3.1 percent year on
year at comparable prices.
Among the total, the growth
rate of computers, telecom-
munications and other electronic
equipment manufacturing was
9.9 percent, of the power and
heating sectors 8.2 percent, and
of pharmaceutical manufacturing
6.2 percent, according to the
Automobile manufacturing
registered an annual growth of
2.7 percent, despite the sluggish
The business revenue of major
industrial enterprises surpassed
1.94 trillion yuan ($282.9 billion),
an increase of 3 percent year on

Loan Rise
The balance of local and foreign
currency loans in the Yangtze River
Delta region was 38.17 trillion yuan
($5.55 trillion) at the end of 2019,
up 13.5 percent year on year,
The growth rate was 1.
percentage points higher than
the country’s average and 0.
percentage point higher than that
in the previous year, according to
People’s Bank of China.
The balance of local and for-
eign currency loans accounted for
24.1 percent of the country’s total,
0.4 percentage point higher than
the previous year.
The balance of RMB loans in
the delta region was 37.17 trillion
yuan ($5.3 trillion) at the end
of 2019, up 14 percent year on
year and the growth rate was 0.
percentage point higher than the

Green Engine

Workers at an agricultural park plant vegetables in Panam County, Xigaze in
Tibet Autonomous Region in southwest China on January 23. In recent years,
the county has developed the greenhouse vegetable industry to increase
local household income.

Ta x C ut s

People use online tax service systems at a local tax bureau in Fuzhou, Fujian
Province in southeast China, on January 21. Fujian launched several measures
cutting taxes and fees by 54 billion yuan ($7.7 billion).
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