Hunan aims to speed up pace of ‘going global’
Hunan province would rely on the Belt and Road initiative to speed up the pace of going global and attracting investors, its Governor Xu Dazhe told Sino-US.com on October 19 at a press conference on sidelines of the 19th Party Congress. Xu was responding to a question by Sino-US.com on how Hunan should use its resources from overseas Chinese to boost opening up and become a strong province.

According to Xu, President Xi has positioned Hunan as a transitional region between eastern coastal areas and midwest, a connection band between coastal economic area and development zone in the Yangtse river delta. So, inland provinces also have geographic advantages. With the rapid growth of IT, Internet and high-speed rail, the edge would increasingly sharpen.

Hunan first needs to combine the advantages with the country's construction of Belt and Road. Hunan currently has a lot of cooperation projects with Hong Kong and Macau on construction of the "Guangdong-Hong Kong-Macao Greater Bay Area". From 2018 when high-speed railway is put into use, it will only take three hours to travel from Hunan to Hong Kong. Besides, there are now regular freight trains leaving for the European countries, including Germany, Hungary, Ukraine, Russia and Latvia.

Hunan also needs to create good environment for drawing in overseas investment, while the pace to go global must be sped up. Competitive industries like construction machinery, metallurgical materials, and rail transit are required to “go global”. Enterprises in the province could cooperate with all regions and countries, or work with central SOEs on the Belt and Road initiative. Hunan, which is well-positioned and has all the required conditions, would certainly face challenges while putting an emphasis on allocating resources and overall planning.

At the press conference, Du Jiahao, the secretary of provincial party committee, elaborated on the province's innovative and opening up tradition. According to him, since Chins' reform and opening up, the province has come up with a batch of internationally leading scientific achievements including super hybrid rice, super computer, Beidou satellite, and deep-sea drilling rig. It has over 100 enterprises listed among the world's top 500 with headquarters in Hunan.

Du said, “no matter it's for innovation or opening up, talents are the key. In a bid to attract, converge and use talents, the provincial government has launched a special talent plan to put the strategy of “innovation, leading, opening up and rising” into action. 

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