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The past two and a half decades have seen Nanjing come to the front as a fast
passed, development oriented city. A wide range of business sectors are known
domestically and internationally as forerunners in their fields, and the Nanjing
municipal government has repeatedly taken the initiative in developing new areas
of the city.
Local politicians have been keen in pursuing and aggressive
program to garner greater inflows of foreign capital, and have done everything
from setting aside tracks of land as industrial parks or high tech areas to
holding trade fairs and promulgating favorable policies for
investment.
The
more notable business sectors in Nanjing proper include I.T., Automobile and
motorcycle manufacturing, petrochemicals and chemicals. With a good industrial
base in the above industries, Nanjing has been striving to further develop
industrial strength in areas such as machinery manufacturing, pharmaceuticals
and biological engineering, iron and steel production, modern construction
materials, and textiles.
Good growth has already become the expected
norm for these industries, and the Nanjing municipal government wants these
industries to lead the way in efficiency and innovation in China. Nanjing is the
next major city after Shanghai located near the Yangtze river, and is the
doorway out of the eastern seaboard cities to the less developed central cities
of China.
In the coming years, Nanjing is expected to play a more and
more crucial role in spurring on the development of the poorer cities to its
west and north. Nanjing's proximity to a host of tourist sights is another
relatively untapped source of economic revenue. Not only is Nanjing itself
enriched with countless cultural treasures, there are innumerable other cultural
and natural tourist destinations all within an hour or two of the city
center. |