Old Industrial Cities Seeking New Road Of Industrialization

This book aims to investigate how cities in China's rust belt restructure their urban industries and economies. Over the years, China's economic miracle has been mainly attributed to rapid development in its coastal region, where the majority of research into the country's development has originated from. Development in the rest of China seems to be attracting relatively scant research attention, especially in China's rust belt. In fact, the urban industrial restructuring process is an ongoing process in inland China, notably in the recent decade in terms of the scope, scale and speed of restructuring.The old industrial cities in northeast China (Manchuria) were the cradle of China's industrialization and had significantly contributed to the industrialization of the nation during the Mao era. Deng's open door policy and economic reform disadvantaged the region and left it behind others. In the context of market economy and competition from rapidly growing coastal areas, northeast China became the burden to China's overall economic development. With a high concentration of state-owned heavy industries, cities in this region suffered from heavy losses in revenue and massive layoffs of millions of former state-owned enterprise workers, known as the Northeast Phenomenon or Neo-Northeast Phenomenon . The once towering economic giant was down. Such a phenomenon is not uncommon in other rust belt regions in industrialized economies.However, since the implementation of the Chinese Government's Revitalisation Strategy of Northeast China in 2003, cities in northeast China have gone through various transformations. Their recent economic performance has made many Chinese economists predict that northeast China will become China's new growth engine and catch up with the economic…