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Restructuring the industrial rustbelt in Northeast China will be the emphasis of the third China International Equipment Manufacturing Exposition (CIEME) to be held in Shenyang this September, the organizing committee announced in Beijing Wednesday.
The event, co-sponsored by the Ministry of Commerce, the China Council for the Promotion of International Trade and the Liaoning Provincial People's Government, is expected to draw about 80,000 trade visitors during its exhibition period from September 1 to 5, according to the organizing committee.
Li Wancai, vice governor of Liaoning, told a news conference here that the State-level exposition would serve as an important platform to pursue the country's strategy of reinvigorating the old industrial base in northeast China.
The expo has "received high tribute from central government agencies and overwhelming market response," Li said, pledging to make greater contribution to the state strategy through the manufacturing fair.
This year's expo will showcase the world's latest manufacturing products and technologies, including machine tools, accessories and automated and engineering equipment.
The expo will also stage many related events, including an equipment manufacturing summit and forums on technologies, human resources and financing in the equipment manufacturing industries.
The annual event has reported a total trade volume of about 5.4 billion yuan (US$651 million) and US$668 million in imports and exports and attracted about US$6 billion in foreign investment during its two sessions in the past two years.
The State Council, China's cabinet, unveiled Tuesday four major tasks for reinvigorating industrial rustbelts, which include restructuring state-owned enterprises, technical upgrading and the introduction of more domestic and overseas investment.
Addressing the first plenary session of the central government's Leading Group of Revitalizing the Northeast Region and other Old Industrial Bases, Premier Wen Jiabao, also head of the group, said those old industrial bases should speed up institutional innovation and reform, which is the fundamental way to their revitalization.
China launched the strategy to revive its traditional industrial centers in the three northeast provinces and other parts of the country in a bid to turn rustbelts into modern industrial zones.
China considers the revival of the northeast industrial base as the third most important long-term strategy after the opening-up in the southeast 20 years ago and the western development policy five years ago.
The northeast region, including Heilongjiang, Jilin and Liaoning provinces contributed China's first batch of steel, machine tools, locomotives and planes after the founding of New China in 1949, and still has potential in these fields.
Built in the 1950s, many of the traditional industrial enterprises became less competitive and some have been losing money over the past 20 years when China shifted from its planned economy towards the reform and opening-up drive.


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