information about go west policy
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China launched its “go west” strategy in 2000 to boost economic development of 12 western provincial-level regions — Chongqing, Sichuan, Guizhou, Yunnan, Tibet, Shaanxi, Gansu, Ningxia, Xinjiang, Inner Mongolia, Guangxi and Qinghai — that are home to more than 400 million people
China's 'Go West' policy has mixed result
Nearly seven years after Beijing launched its "Go West" campaign to lift incomes, ease social tension and bring prosperity to an impoverished region, foreign firms have saddled up mostly only for minor investments, while domestic firms feel left in the dust.
Multinationals from Microsoft to Nokia, Motorola and Siemens have set up research centres in big cities. But the list of players that have invested the big sums that Beijing hoped for remains small and stagnant.
BNP Paribas's chief China economist, Chen Xingdong, summed things up with a Chinese proverb: "The government thought once the phoenix tree was planted, the phoenix would come. But it didn't."
The much-touted campaign, kicked off at the turn of the century, aimed to revive the fortunes of the country's 12 poorest provinces or regions, which are home to a quarter of China's people but account for just 15 percent of gross domestic product
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India’s interests and capabilities extend well beyond the sub-continent. This essay is part of a series that explores the geopolitical dimensions, economic ties, transnational networks, and other aspects of India's links with the Middle East (West Asia) — a region that plays a vital role in India's economy and future. More ...